Serco Global Plc&#39;s deal to sell its private sector business process outsourcing to private equity firm Blackstone closed on Thursday, the British firm told the London Stock Exchange.<br /> <br /> The BPO unit will be return to using its original name &#39;Intelenet Global Services&#39;.<br /> <br /> &quot;Reflecting movements in net asset balances since the agreed valuation date, and subject to any final adjustments up to today&#39;s completion date and for currency translation, the resulting reduction in Serco&#39;s net debt is expected to be approximately 200 million pounds,&quot; the company said in a statement<br /> <br /> Serco is expected to receive an additional 10 million pounds upon on the completion of the sale of its Middle Eastern operations.<br /> <br /> London-listed Serco put up the BPO unit for sale in November last year, as it looked to raise funds to help mend a 1.5-billion hole in its balance sheet.<br /> <br /> Serco bought Intelenet, as the BPO was known, for over $630 million (about Rs 4,032 crore) in 2011. Nearly four years later, it was being valued at a little over $400 million (about Rs 2,560 crore).Blackstone had owned the business from 2007 to 2011.