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.