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Joele Frank handles Denver-based Startek as the business processing outsourcing firm agrees to be acquired by Capital Square Partners.
The $4.30 per share offer represents a 32 percent premium over Startek’s closing stock price on Oct. 9.
Startek, which has 32K employees in 11 countries, recorded a $6.5M Q2 loss on $91M revenues, which were down five percent.
CEO Bharat Rao said volatility in the broader economic environment impacted client decision-making and elongated sales cycles. He called US market a bright spot that is targeted for expansion.
Founded in 2014 in Singapore, Capital Square Partners has $1.4B in assets under management.
Joele Frank, Wilkinson Brimmer Katcher’s Matt Sherman, Viveca Tress and Kaitlin Kikal.
FGS Global represents private equity firm Thoma Bravo as it makes a $4.6B bid for Darktrace, a UK-based cybersecurity artificial intelligence firm.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
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