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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.
C Street Advisory Group and Publicis' Groupe's Kekst CNC unit work the Chapter 11 filing of Saks Global Holdings as the luxury retailer evaluates its "operational footprint."
Nashville’s Wortman Works is handling Old Glory Bank, which bills itself as the online bank for freedom-loving Americans, as it goes public via a $250M SPAC deal with Digital Asset Acquisition Corp.
FGS Global and Collected Strategies handle $1.5B merger of discount airlines Allegiant and Sun Country Airlines. (Updated)
Dan Scorpio, H/Advisors Abernathy’s managing director and head of the M&A and activism practice, has joined FTI Consulting’s Chicago office.
ICR Healthcare handled Boston-based cancer drug developer Aktis Oncology as it upsized its initial public offering due to robust investor demand.
