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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.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
FTI Consulting handles media for McCormick as the 137-year-old flavors company combines with Unilever Foods in a deal valued at $45B.
Edelman Smithfield handles Sysco as the world's largest food-away-from-home distributor acquires Foxcroft Strategy Group client Jetro Restaurant Depot, which serves delis and mom & pop shops, in a deal valued at $29B.
FGS Global represents Brown-Forman Corp. as it confirms merger discussions with French liquor giant Pernod Ricard.
