Startek sold to CSP for $217Mn
COLORADO, UNITED STATES — Customer experience solutions provider Startek has agreed to a $217 million acquisition by private equity firm Capital Square Partners (CSP).
Under the all-cash deal, CSP will purchase all outstanding Startek shares not already owned for $4.30 per share, representing a 32% premium on Startek’s share price on October 9.
Founded in 1987 and headquartered in Colorado, Startek provides customer experience solutions to clients in industries like telecom, hospitality and banking. It generated $385 million revenue in 2022 with over 38,000 employees across 12 countries.
The deal is expected to close by end of 2023 upon customary closing conditions and regulatory approval. Startek will then become a private company and delist from the New York Stock Exchange.
Back in 2018, Startek and another global outsourcing and technology services provider Aegis completed their merger deal and were included among the world’s top outsourcing providers a year after.
CSP, founded in Singapore in 2014, is a private equity firm focused on technology and business services investments in Southeast Asia and India. With $1.4 billion under management, CSP has invested in leading technology services companies across Asia.
