Barclays Bank (H&B) Mauritius has acquired a 12.75 percent stake in SKR BPO Services Private Limited..Khaitan & Co acted as the domestic legal counsel for Barclays Bank with Partners Murali Neelakantan and Arindam Ghosh. Neelakantan and Ghosh quoted, “This was an important deal for Barclays and SKR and having worked with Barclays on various matters over the last two years, we are delighted to have been able to work with Barclays on successfully completing a cross border transaction which involved complex issues”..Simmons & Simmons, London acted as the international legal counsel to Barclays Bank with Partner Gideon Sharp and Danielle Di Pietro..Wadia Ghandy advised SKR BPO Services Private Limited with a team led by Partner Ankit Majmudar..Simpson Thacher & Bartlett, London advised Blackstone GPV Capital Partners Mauritius V-B Limited with Partner Bart Gombert..The Deal Curry reports Barclays Bank has reinvested in Blackstone-owned Intelenet Global Services by acquiring 12.75 percent stake in Intelenet’s holding company SKR BPO Services, by subscribing to a fresh round of equity shares in an all-cash transaction. Barclays has bought the stake from Blackstone and HDFC Limited..After the current deal, Blackstone’s holding will come down to 66.25 percent, while Intelenet’s management and employees will have 16.5 percent in the company. HDFC Bank, which had re-entered Intelenet last year, will hold 4.5 percent.
Barclays Bank (H&B) Mauritius has acquired a 12.75 percent stake in SKR BPO Services Private Limited..Khaitan & Co acted as the domestic legal counsel for Barclays Bank with Partners Murali Neelakantan and Arindam Ghosh. Neelakantan and Ghosh quoted, “This was an important deal for Barclays and SKR and having worked with Barclays on various matters over the last two years, we are delighted to have been able to work with Barclays on successfully completing a cross border transaction which involved complex issues”..Simmons & Simmons, London acted as the international legal counsel to Barclays Bank with Partner Gideon Sharp and Danielle Di Pietro..Wadia Ghandy advised SKR BPO Services Private Limited with a team led by Partner Ankit Majmudar..Simpson Thacher & Bartlett, London advised Blackstone GPV Capital Partners Mauritius V-B Limited with Partner Bart Gombert..The Deal Curry reports Barclays Bank has reinvested in Blackstone-owned Intelenet Global Services by acquiring 12.75 percent stake in Intelenet’s holding company SKR BPO Services, by subscribing to a fresh round of equity shares in an all-cash transaction. Barclays has bought the stake from Blackstone and HDFC Limited..After the current deal, Blackstone’s holding will come down to 66.25 percent, while Intelenet’s management and employees will have 16.5 percent in the company. HDFC Bank, which had re-entered Intelenet last year, will hold 4.5 percent.
