(Adds details, CEO comment)
June 14 (Reuters) - Teleperformance has agreed to buy India-based Intelenet from U.S. private equity firm Blackstone in a $1 billion deal aimed at strengthening its specialised services business, the French company said.
Intelenet's operations, including human resources and administration services primarily to the banking, financial services and insurance sectors, will help Teleperformance towards its 2018-22 targets, CEO Daniel Julien said in a statement.
Teleperformance has targeted revenue of 6 billion euros ($7 billion) by 2022.
The acquisition, combined with the company's internal growth, is likely to help Teleperformance reach its 2022 targets earlier than planned, Julien said in a conference call.
The deal is expected to lift 2018 earnings per share by 10 percent, Teleperformance said, adding that Intelenet posted core earnings of $83 million on revenue of $449 million for the year to March 31 and expects 10 percent growth in its 2019 financial year.
The transaction is expected to close by the end of September and will be fully financed through debt provided by BNP Paribas, J.P. Morgan and Natixis.
The financing could later be covered by a bond issue, subject to market conditions, the company said. ($1 = 0.8601 euros)
Reporting by Piotr Lipinski in Gdynia Editing by David Goodman