Capital Square Partners acquires Aegis for USD300m
Business process outsourcing (BPO) firm Aegis has been acquired by Capital Square Partners, a Singapore-based private equity firm, for USD300m. The acquisition comes as Aegis’s parent, Essar Group, has come under pressure from Indian lenders to repay debt. Uday Gujadhur, a senior executive of Essar, said the completion of the transaction is another validation of Essar Global Fund’s commitment to reduce its leverage by monetizing the non-core businesses in its portfolio. Aegis has employed more than 40,000 people in a dozen countries around the world. Capital Square Partners is not new to outsourcing. Over the past decade, the PE firm has made several investments in the technology services and BPO sectors.
Related news
- BPO helps keep Negros economy afloat · 28 Nov
- BPO company registrations decline in Davao City · 25 Nov
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
