DENVER, Jan. 5, 2024
/PRNewswire/ -- Startek, Inc. (NYSE: SRT) ("Startek" or the
"Company"), a global customer experience (CX) solutions provider,
today announced the successful completion of its take-private
acquisition by funds managed by Capital Square
Partners ("CSP"), effective today, January 5, 2024.
Under the terms of the definitive agreement for the transaction
that was previously announced on October 10,
2023, CSP will acquire all shares of Startek common stock
not already owned by CSP, for $4.30
per share in cash.
With the completion of the take-private acquisition, Startek's
common stock ceased trading before market open on January 5, 2024 and will no longer be listed on
the New York Stock Exchange.
Advisors
Houlihan Lokey Capital, Inc. served as financial advisor to the
Special Committee of the Board of Directors of Startek, and Gibson,
Dunn & Crutcher LLP served as its legal counsel. Latham &
Watkins LLP served as legal counsel to CSP.
About Startek®
For more than 35 years, Startek has delivered customer
experience (CX) excellence for the world's leading brands. Spread
across 12 countries, our 38,000 associates create memorable,
personalized experiences in both voice and non-voice channels. Our
clients span from fortune 500s to fast-growing startups in a
diverse range of industries, including cable, media and telecom;
travel and hospitality; retail and e-commerce and banking and
financial services.
By creating closer connections, Startek delivers value for our
clients, opportunity for our people and sustainable growth for our
shareholders.
To learn more visit www.startek.com and follow us
on LinkedIn.
About Capital Square Partners
Founded in 2014 in Singapore,
Capital Square Partners is a private equity firm investing in
cross-border technology and business services across Southeast Asia and India. As a sector-focused fund manager with
$1.5 billion under management, CSP is
one of the largest dedicated technology and technology-enabled
business services private equity fund managers in Asia. Over the past decade, the team has
invested, created and exited a number of leading companies in
technology services sector, including Minacs, Indecomm, GAVS
Technologies and Accion Labs. Capital Square Partners holds a
Capital Markets Services (CMS) License from the Monetary Authority
of Singapore. For more information click here.
Startek Contacts
Investor Relations
Cody
Cree
Gateway Group, Inc.
SRT@gateway-grp.com
Media Relations
Neha
Iyer
Startek
neha.iyer@startek.com
Logo:
https://mma.prnewswire.com/media/2222919/4299556/Startek_Logo.jpg
View original
content:https://www.prnewswire.com/news-releases/startek-announces-completion-of-take-private-acquisition-by-funds-managed-by-csp-management-limited-302027195.html
SOURCE Startek