- Teleperformance ADRs (OTCPK:TLPFY +5.5%) jump day after the Paris-based company agrees to buy Mumbai-based Intelenet from Blackstone (NYSE:BX) for about $1B.
- Intelenet is a provider of customer experience management, back-office, human resources, and financial & administration services.
- Teleperformance sees the deal adding about 10% to EPS before amortization of goodwill in 2018 on a pro forma basis.
- The acquisition is being financed through debt provided by BNP Paribas, JPMorgan, and Natixis, which may be replaced, in whole or in part, by a bond issue.
- The transaction is expected to close on Sept. 30, 2018.
- Previously: Teleperformance reports Q1 results (April 24)