DENVER - Startek, Inc. (NYSE: SRT), a global customer experience solutions provider, today confirmed the completion of its acquisition by Capital Square Partners (CSP), a private equity firm. The transaction, which was initially announced on October 10, 2023, culminated in CSP acquiring all outstanding shares of Startek common stock for $4.30 per share in cash.
As a result of the acquisition, Startek's common stock has ceased trading as of market open today and will be delisted from the New York Stock Exchange. The company, which has been operating for over 35 years, is known for delivering customer experience excellence to a variety of clients including those in cable, media, telecom, travel, hospitality, retail, e-commerce, and banking and financial services.
The financial advisor to the Special Committee of the Board of Directors of Startek was Houlihan Lokey (NYSE:HLI) Capital, Inc., with Gibson, Dunn & Crutcher LLP acting as legal counsel. CSP was advised by Latham & Watkins LLP on legal matters.
Capital Square Partners, established in 2014 and based in Singapore, is a sector-focused fund manager with $1.5 billion under management. It specializes in technology and business services investments across Southeast Asia and India. With a portfolio that includes various technology services companies, CSP is one of Asia's largest dedicated technology and technology-enabled business services private equity fund managers.
This news is based on a press release statement.
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