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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.
Jenn Kettnich, who has more than 15 years of financial communications experience, has joined Liftoff Mobile as VP-investor relations following completion of its recent IPO.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
