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News Apr 03, 2018

Capital Square Partners’ Potential Equity Investment in StarTek, Inc. and Its Sale of Aegis to StarTek, Inc.

Shearman & Sterling is advising Capital Square Partners in connection with its equity investment in StarTek, Inc. and its sale of Aegis, one of its subsidiaries, to StarTek as consideration for such equity investment. Immediately following the consummation of the transactions, Aegis will become a wholly owned subsidiary of StarTek, and Capital Square Partners is expected to hold a majority stake of StarTek’s outstanding common stock. The closing of the transactions is conditional on stockholder approval of StarTek and customary regulatory approvals.

StarTek (NYSE: SRT) is a business process outsourcing (BPO) service provider delivering comprehensive contact center and customer engagement solutions. With the latest technology in the BPO industry and the STARTEK Advantage System, StarTek instills customer loyalty through a variety of multi-channel customer interactions, including voice, chat, email and IVR. Its service offerings include sales support, order processing, customer care and receivables management and customer analytics.

Aegis is a leading outsourcing business solutions partner to global corporations in the telecom, technology, media, banking financial services and insurance, travel and logistics, retail and e-commerce and public sectors. 40,000+ Aegis experts across 44 centers worldwide deliver customer lifecycle management, technology services, back office services and social media analytics to power superior business results for clients.

Capital Square Partners is a private equity fund manager based in Singapore and regulated by the Monetary Authority of Singapore. It primarily invests in buyouts and control investments across multi-geography cross-border businesses with deep sector expertise and focus on the TMT, business services, healthcare and consumer sectors. Capital Square Partners has made a number of investments in the technology services and BPO sectors, including its acquisition and subsequent sale of the Minacs group and its recent acquisition of the Aegis business. Shearman & Sterling also advised on all of these transactions.

The Team