Teleperformance to buy Intelenet from Blackstone for $1 bln

Blackstone has agreed to sell Intelenet to Teleperformance for a consideration of $1 billion. The deal is expected to close by September 30, 2018. J.P. Morgan was financial adviser to Intelenet on the transaction. Headquartered in Mumbai, India, Intelenet is a provider of customer experience management, back-office, human resources, financial and administration services. PRESS RELEASE Teleperformance (Paris:TEP), the worldwide leader in outsourced omnichannel customer experience management, today announced that it has entered into a definitive agreement to acquire Intelenet from Blackstone (NYSE: BX), a leading global alternative asset manager. Intelenet is a major global provider of high-end omnichannel customer experience management, back-office, human resources and financial & administration services. The company has more than 110 blue chip clients worldwide, mostly in the English-speaking market, India and the Middle East. Intelenet primarily serves the Banking, Financial Services and Insurance sector (BFSI), as well as the travel, transport & accommodation, e-commerce,
Continue reading "Teleperformance to buy Intelenet from Blackstone for $1 bln"

Teleperformance to buy Intelenet from Blackstone for $1 bln

Blackstone has agreed to sell Intelenet to Teleperformance for a consideration of $1 billion. The deal is expected to close by September 30, 2018. J.P. Morgan was financial adviser to Intelenet on the transaction. Headquartered in Mumbai, India, Intelenet is a provider of customer experience management, back-office, human resources, financial and administration services. PRESS RELEASE Teleperformance (Paris:TEP), the worldwide leader in outsourced omnichannel customer experience management, today announced that it has entered into a definitive agreement to acquire Intelenet from Blackstone (NYSE: BX), a leading global alternative asset manager. Intelenet is a major global provider of high-end omnichannel customer experience management, back-office, human resources and financial & administration services. The company has more than 110 blue chip clients worldwide, mostly in the English-speaking market, India and the Middle East. Intelenet primarily serves the Banking, Financial Services and Insurance sector (BFSI), as well as the travel, transport & accommodation, e-commerce,
Continue reading "Teleperformance to buy Intelenet from Blackstone for $1 bln"

Teleperformance to buy Intelenet from Blackstone for $1 bln

Blackstone has agreed to sell Intelenet to Teleperformance for a consideration of $1 billion. The deal is expected to close by September 30, 2018. J.P. Morgan was financial adviser to Intelenet on the transaction. Headquartered in Mumbai, India, Intelenet is a provider of customer experience management, back-office, human resources, financial and administration services. PRESS RELEASE Teleperformance (Paris:TEP), the worldwide leader in outsourced omnichannel customer experience management, today announced that it has entered into a definitive agreement to acquire Intelenet from Blackstone (NYSE: BX), a leading global alternative asset manager. Intelenet is a major global provider of high-end omnichannel customer experience management, back-office, human resources and financial & administration services. The company has more than 110 blue chip clients worldwide, mostly in the English-speaking market, India and the Middle East. Intelenet primarily serves the Banking, Financial Services and Insurance sector (BFSI), as well as the travel, transport & accommodation, e-commerce,
Continue reading "Teleperformance to buy Intelenet from Blackstone for $1 bln"

Teleperformance to buy Intelenet from Blackstone for $1 bln

Blackstone has agreed to sell Intelenet to Teleperformance for a consideration of $1 billion. The deal is expected to close by September 30, 2018. J.P. Morgan was financial adviser to Intelenet on the transaction. Headquartered in Mumbai, India, Intelenet is a provider of customer experience management, back-office, human resources, financial and administration services. PRESS RELEASE Teleperformance (Paris:TEP), the worldwide leader in outsourced omnichannel customer experience management, today announced that it has entered into a definitive agreement to acquire Intelenet from Blackstone (NYSE: BX), a leading global alternative asset manager. Intelenet is a major global provider of high-end omnichannel customer experience management, back-office, human resources and financial & administration services. The company has more than 110 blue chip clients worldwide, mostly in the English-speaking market, India and the Middle East. Intelenet primarily serves the Banking, Financial Services and Insurance sector (BFSI), as well as the travel, transport & accommodation, e-commerce,
Continue reading "Teleperformance to buy Intelenet from Blackstone for $1 bln"

Teleperformance to buy Intelenet from Blackstone for $1 bln

Blackstone has agreed to sell Intelenet to Teleperformance for a consideration of $1 billion. The deal is expected to close by September 30, 2018. J.P. Morgan was financial adviser to Intelenet on the transaction. Headquartered in Mumbai, India, Intelenet is a provider of customer experience management, back-office, human resources, financial and administration services. PRESS RELEASE Teleperformance (Paris:TEP), the worldwide leader in outsourced omnichannel customer experience management, today announced that it has entered into a definitive agreement to acquire Intelenet from Blackstone (NYSE: BX), a leading global alternative asset manager. Intelenet is a major global provider of high-end omnichannel customer experience management, back-office, human resources and financial & administration services. The company has more than 110 blue chip clients worldwide, mostly in the English-speaking market, India and the Middle East. Intelenet primarily serves the Banking, Financial Services and Insurance sector (BFSI), as well as the travel, transport & accommodation, e-commerce,
Continue reading "Teleperformance to buy Intelenet from Blackstone for $1 bln"

Teleperformance to buy Intelenet from Blackstone for $1 bln

Blackstone has agreed to sell Intelenet to Teleperformance for a consideration of $1 billion. The deal is expected to close by September 30, 2018. J.P. Morgan was financial adviser to Intelenet on the transaction. Headquartered in Mumbai, India, Intelenet is a provider of customer experience management, back-office, human resources, financial and administration services. PRESS RELEASE Teleperformance (Paris:TEP), the worldwide leader in outsourced omnichannel customer experience management, today announced that it has entered into a definitive agreement to acquire Intelenet from Blackstone (NYSE: BX), a leading global alternative asset manager. Intelenet is a major global provider of high-end omnichannel customer experience management, back-office, human resources and financial & administration services. The company has more than 110 blue chip clients worldwide, mostly in the English-speaking market, India and the Middle East. Intelenet primarily serves the Banking, Financial Services and Insurance sector (BFSI), as well as the travel, transport & accommodation, e-commerce,
Continue reading "Teleperformance to buy Intelenet from Blackstone for $1 bln"

PE-backed Winchester acquires SPCT from Phoenix Chicago

Winchester Interconnect Corporation, a portfolio company of Snow Phipps Group, has acquired China-based Shanghai Phoenix Communication and Technology, a producer of cable assemblies. The seller was Phoenix Chicago. No financial terms were disclosed. PRESS RELEASE Norwalk, CT – June 13, 2018 – Winchester Interconnect Corporation (“Winchester”), a portfolio company of Snow Phipps Group (“Snow Phipps”), announced it has completed the acquisition of Shanghai Phoenix Communication and Technology (“SPCT”) from The Phoenix Company of Chicago (“Phoenix Chicago”). Headquartered in Shanghai, China, SPCT is a producer of custom high-mix, low-volume cable assemblies. SPCT helps customers across Asia, Europe and North America, design, manufacture and sell high-performing, innovative equipment and systems. The acquisition of SPCT increases Winchester’s capabilities in Asia and adds to its existing product offerings in the medical and life sciences market. Kevin Perhamus, CEO of Winchester, said “We are excited to announce the first acquisition in Asia in Winchester’s history.
Continue reading "PE-backed Winchester acquires SPCT from Phoenix Chicago"

PE-backed Winchester acquires SPCT from Phoenix Chicago

Winchester Interconnect Corporation, a portfolio company of Snow Phipps Group, has acquired China-based Shanghai Phoenix Communication and Technology, a producer of cable assemblies. The seller was Phoenix Chicago. No financial terms were disclosed. PRESS RELEASE Norwalk, CT – June 13, 2018 – Winchester Interconnect Corporation (“Winchester”), a portfolio company of Snow Phipps Group (“Snow Phipps”), announced it has completed the acquisition of Shanghai Phoenix Communication and Technology (“SPCT”) from The Phoenix Company of Chicago (“Phoenix Chicago”). Headquartered in Shanghai, China, SPCT is a producer of custom high-mix, low-volume cable assemblies. SPCT helps customers across Asia, Europe and North America, design, manufacture and sell high-performing, innovative equipment and systems. The acquisition of SPCT increases Winchester’s capabilities in Asia and adds to its existing product offerings in the medical and life sciences market. Kevin Perhamus, CEO of Winchester, said “We are excited to announce the first acquisition in Asia in Winchester’s history.
Continue reading "PE-backed Winchester acquires SPCT from Phoenix Chicago"

PE-backed Winchester acquires SPCT from Phoenix Chicago

Winchester Interconnect Corporation, a portfolio company of Snow Phipps Group, has acquired China-based Shanghai Phoenix Communication and Technology, a producer of cable assemblies. The seller was Phoenix Chicago. No financial terms were disclosed. PRESS RELEASE Norwalk, CT – June 13, 2018 – Winchester Interconnect Corporation (“Winchester”), a portfolio company of Snow Phipps Group (“Snow Phipps”), announced it has completed the acquisition of Shanghai Phoenix Communication and Technology (“SPCT”) from The Phoenix Company of Chicago (“Phoenix Chicago”). Headquartered in Shanghai, China, SPCT is a producer of custom high-mix, low-volume cable assemblies. SPCT helps customers across Asia, Europe and North America, design, manufacture and sell high-performing, innovative equipment and systems. The acquisition of SPCT increases Winchester’s capabilities in Asia and adds to its existing product offerings in the medical and life sciences market. Kevin Perhamus, CEO of Winchester, said “We are excited to announce the first acquisition in Asia in Winchester’s history.
Continue reading "PE-backed Winchester acquires SPCT from Phoenix Chicago"

PE-backed Winchester acquires SPCT from Phoenix Chicago

Winchester Interconnect Corporation, a portfolio company of Snow Phipps Group, has acquired China-based Shanghai Phoenix Communication and Technology, a producer of cable assemblies. The seller was Phoenix Chicago. No financial terms were disclosed. PRESS RELEASE Norwalk, CT – June 13, 2018 – Winchester Interconnect Corporation (“Winchester”), a portfolio company of Snow Phipps Group (“Snow Phipps”), announced it has completed the acquisition of Shanghai Phoenix Communication and Technology (“SPCT”) from The Phoenix Company of Chicago (“Phoenix Chicago”). Headquartered in Shanghai, China, SPCT is a producer of custom high-mix, low-volume cable assemblies. SPCT helps customers across Asia, Europe and North America, design, manufacture and sell high-performing, innovative equipment and systems. The acquisition of SPCT increases Winchester’s capabilities in Asia and adds to its existing product offerings in the medical and life sciences market. Kevin Perhamus, CEO of Winchester, said “We are excited to announce the first acquisition in Asia
Continue reading "PE-backed Winchester acquires SPCT from Phoenix Chicago"

PE-backed Winchester acquires SPCT from Phoenix Chicago

Winchester Interconnect Corporation, a portfolio company of Snow Phipps Group, has acquired China-based Shanghai Phoenix Communication and Technology, a producer of cable assemblies. The seller was Phoenix Chicago. No financial terms were disclosed. PRESS RELEASE Norwalk, CT – June 13, 2018 – Winchester Interconnect Corporation (“Winchester”), a portfolio company of Snow Phipps Group (“Snow Phipps”), announced it has completed the acquisition of Shanghai Phoenix Communication and Technology (“SPCT”) from The Phoenix Company of Chicago (“Phoenix Chicago”). Headquartered in Shanghai, China, SPCT is a producer of custom high-mix, low-volume cable assemblies. SPCT helps customers across Asia, Europe and North America, design, manufacture and sell high-performing, innovative equipment and systems. The acquisition of SPCT increases Winchester’s capabilities in Asia and adds to its existing product offerings in the medical and life sciences market. Kevin Perhamus, CEO of Winchester, said “We are excited to announce the first acquisition in Asia in Winchester’s history.
Continue reading "PE-backed Winchester acquires SPCT from Phoenix Chicago"

PE-backed Winchester acquires SPCT from Phoenix Chicago

Winchester Interconnect Corporation, a portfolio company of Snow Phipps Group, has acquired China-based Shanghai Phoenix Communication and Technology, a producer of cable assemblies. The seller was Phoenix Chicago. No financial terms were disclosed. PRESS RELEASE Norwalk, CT – June 13, 2018 – Winchester Interconnect Corporation (“Winchester”), a portfolio company of Snow Phipps Group (“Snow Phipps”), announced it has completed the acquisition of Shanghai Phoenix Communication and Technology (“SPCT”) from The Phoenix Company of Chicago (“Phoenix Chicago”). Headquartered in Shanghai, China, SPCT is a producer of custom high-mix, low-volume cable assemblies. SPCT helps customers across Asia, Europe and North America, design, manufacture and sell high-performing, innovative equipment and systems. The acquisition of SPCT increases Winchester’s capabilities in Asia and adds to its existing product offerings in the medical and life sciences market. Kevin Perhamus, CEO of Winchester, said “We are excited to announce the first acquisition in Asia in Winchester’s history.
Continue reading "PE-backed Winchester acquires SPCT from Phoenix Chicago"

PE-backed Winchester acquires SPCT from Phoenix Chicago

Winchester Interconnect Corporation, a portfolio company of Snow Phipps Group, has acquired China-based Shanghai Phoenix Communication and Technology, a producer of cable assemblies. The seller was Phoenix Chicago. No financial terms were disclosed. PRESS RELEASE Norwalk, CT – June 13, 2018 – Winchester Interconnect Corporation (“Winchester”), a portfolio company of Snow Phipps Group (“Snow Phipps”), announced it has completed the acquisition of Shanghai Phoenix Communication and Technology (“SPCT”) from The Phoenix Company of Chicago (“Phoenix Chicago”). Headquartered in Shanghai, China, SPCT is a producer of custom high-mix, low-volume cable assemblies. SPCT helps customers across Asia, Europe and North America, design, manufacture and sell high-performing, innovative equipment and systems. The acquisition of SPCT increases Winchester’s capabilities in Asia and adds to its existing product offerings in the medical and life sciences market. Kevin Perhamus, CEO of Winchester, said “We are excited to announce the first acquisition in Asia in Winchester’s history.
Continue reading "PE-backed Winchester acquires SPCT from Phoenix Chicago"

PE-backed Winchester acquires SPCT from Phoenix Chicago

Winchester Interconnect Corporation, a portfolio company of Snow Phipps Group, has acquired China-based Shanghai Phoenix Communication and Technology, a producer of cable assemblies. The seller was Phoenix Chicago. No financial terms were disclosed. PRESS RELEASE Norwalk, CT – June 13, 2018 – Winchester Interconnect Corporation (“Winchester”), a portfolio company of Snow Phipps Group (“Snow Phipps”), announced it has completed the acquisition of Shanghai Phoenix Communication and Technology (“SPCT”) from The Phoenix Company of Chicago (“Phoenix Chicago”). Headquartered in Shanghai, China, SPCT is a producer of custom high-mix, low-volume cable assemblies. SPCT helps customers across Asia, Europe and North America, design, manufacture and sell high-performing, innovative equipment and systems. The acquisition of SPCT increases Winchester’s capabilities in Asia and adds to its existing product offerings in the medical and life sciences market. Kevin Perhamus, CEO of Winchester, said “We are excited to announce the first acquisition in Asia in Winchester’s history.
Continue reading "PE-backed Winchester acquires SPCT from Phoenix Chicago"

PE-backed Winchester acquires SPCT from Phoenix Chicago

Winchester Interconnect Corporation, a portfolio company of Snow Phipps Group, has acquired China-based Shanghai Phoenix Communication and Technology, a producer of cable assemblies. The seller was Phoenix Chicago. No financial terms were disclosed. PRESS RELEASE Norwalk, CT – June 13, 2018 – Winchester Interconnect Corporation (“Winchester”), a portfolio company of Snow Phipps Group (“Snow Phipps”), announced it has completed the acquisition of Shanghai Phoenix Communication and Technology (“SPCT”) from The Phoenix Company of Chicago (“Phoenix Chicago”). Headquartered in Shanghai, China, SPCT is a producer of custom high-mix, low-volume cable assemblies. SPCT helps customers across Asia, Europe and North America, design, manufacture and sell high-performing, innovative equipment and systems. The acquisition of SPCT increases Winchester’s capabilities in Asia and adds to its existing product offerings in the medical and life sciences market. Kevin Perhamus, CEO of Winchester, said “We are excited to announce the first acquisition in Asia in Winchester’s history.
Continue reading "PE-backed Winchester acquires SPCT from Phoenix Chicago"

Interface to buy nora systems for $420 mln

Interface Inc said June 14 that it agreed to buy nora systems in stock deal valued at about $420 million. Intermediate Capital Group is the seller. Nora, of Germany, provides rubber flooring products. PRESS RELEASE ATLANTA, June 14, 2018 /PRNewswire/ — Interface, Inc. (Nasdaq: TILE), a leading global commercial flooring company and worldwide leader in sustainability, today announced it has signed a definitive agreement to acquire nora systems in a stock purchase transaction valued at approximately $420 million. Nora, a global leader in performance flooring and worldwide share leader in the rubber flooring category, is a privately held company that is majority owned by investment firm Intermediate Capital Group (ICG). Nora’s annual revenues are approximately $280 million. Interface expects to close the transaction during the third quarter of 2018, subject to regulatory approvals and other customary closing conditions. This acquisition will expand Interface’s rapidly growing resilient flooring portfolio and increase its penetration into high
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Continue reading "Interface to buy nora systems for $420 mln"

Interface to buy nora systems for $420 mln

Interface Inc said June 14 that it agreed to buy nora systems in stock deal valued at about $420 million. Intermediate Capital Group is the seller. Nora, of Germany, provides rubber flooring products. PRESS RELEASE ATLANTA, June 14, 2018 /PRNewswire/ — Interface, Inc. (Nasdaq: TILE), a leading global commercial flooring company and worldwide leader in sustainability, today announced it has signed a definitive agreement to acquire nora systems in a stock purchase transaction valued at approximately $420 million. Nora, a global leader in performance flooring and worldwide share leader in the rubber flooring category, is a privately held company that is majority owned by investment firm Intermediate Capital Group (ICG). Nora’s annual revenues are approximately $280 million. Interface expects to close the transaction during the third quarter of 2018, subject to regulatory approvals and other customary closing conditions. This acquisition will expand Interface’s rapidly growing resilient flooring portfolio and increase its penetration into high
™
Continue reading "Interface to buy nora systems for $420 mln"

Interface to buy nora systems for $420 mln

Interface Inc said June 14 that it agreed to buy nora systems in stock deal valued at about $420 million. Intermediate Capital Group is the seller. Nora, of Germany, provides rubber flooring products. PRESS RELEASE ATLANTA, June 14, 2018 /PRNewswire/ — Interface, Inc. (Nasdaq: TILE), a leading global commercial flooring company and worldwide leader in sustainability, today announced it has signed a definitive agreement to acquire nora systems in a stock purchase transaction valued at approximately $420 million. Nora, a global leader in performance flooring and worldwide share leader in the rubber flooring category, is a privately held company that is majority owned by investment firm Intermediate Capital Group (ICG). Nora’s annual revenues are approximately $280 million. Interface expects to close the transaction during the third quarter of 2018, subject to regulatory approvals and other customary closing conditions.
This acquisition will expand Interface’s rapidly growing resilient flooring portfolio and increase its penetration into high
Continue reading "Interface to buy nora systems for $420 mln"

Interface to buy nora systems for $420 mln

Interface Inc said June 14 that it agreed to buy nora systems in stock deal valued at about $420 million. Intermediate Capital Group is the seller. Nora, of Germany, provides rubber flooring products. PRESS RELEASE ATLANTA, June 14, 2018 /PRNewswire/ — Interface, Inc. (Nasdaq: TILE), a leading global commercial flooring company and worldwide leader in sustainability, today announced it has signed a definitive agreement to acquire nora systems in a stock purchase transaction valued at approximately $420 million. Nora, a global leader in performance flooring and worldwide share leader in the rubber flooring category, is a privately held company that is majority owned by investment firm Intermediate Capital Group (ICG). Nora’s annual revenues are approximately $280 million. Interface expects to close the transaction during the third quarter of 2018, subject to regulatory approvals and other customary closing conditions. This acquisition will expand Interface’s rapidly growing resilient flooring portfolio and increase its penetration into high
™
Continue reading "Interface to buy nora systems for $420 mln"

Interface to buy nora systems for $420 mln

Interface Inc said June 14 that it agreed to buy nora systems in stock deal valued at about $420 million. Intermediate Capital Group is the seller. Nora, of Germany, provides rubber flooring products. PRESS RELEASE ATLANTA, June 14, 2018 /PRNewswire/ — Interface, Inc. (Nasdaq: TILE), a leading global commercial flooring company and worldwide leader in sustainability, today announced it has signed a definitive agreement to acquire nora systems in a stock purchase transaction valued at approximately $420 million. Nora, a global leader in performance flooring and worldwide share leader in the rubber flooring category, is a privately held company that is majority owned by investment firm Intermediate Capital Group (ICG). Nora’s annual revenues are approximately $280 million. Interface expects to close the transaction during the third quarter of 2018, subject to regulatory approvals and other customary closing conditions. This acquisition will expand Interface’s rapidly growing resilient flooring portfolio and increase its penetration into high
™
Continue reading "Interface to buy nora systems for $420 mln"