Startek® announces the acquisition of a minority stake by Capital Square Partners  

Jan 16, 2024 | 2 min read

 

Denver, CO, January 16, 2024: Capital Square Partners (CSP), a private equity investment firm, completed the acquisition of the minority stake not already owned by it of Startek Inc. (Startek), a global digital-first customer experience (CX) solutions provider on January 5, 2024. Startek has since been delisted from the New York Stock Exchange (NYSE). CSP acquired the minority stake not already owned by it for ~$75 million, valuing Startek at $4.30 per share, a 47% premium to its pre-offer price.  

For more than 35 years, Startek has delivered superior customer experience solutions to the world's leading brands, with operations spanning 12 countries, employing more than 38,000 associates. Startek helps create memorable, personalized experiences in an omnichannel environment. Its 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.  

The offer from CSP was evaluated by a Special Committee of Startek comprising independent and disinterested directors. The Special Committee was given all the power and decision-making authority concerning the offer from CSP and the subsequent delisting, advised by Houlihan Lokey (led by Youmna Salameh) and Gibson Dunn (led by Saee Mazumdar and Andrew Kaplan) on financial and legal sides, respectively. Houlihan Lokey was advised by Sullivan & Cromwell LLP (led by Eric M. Krautheimer).   

Mukesh Sharda and Sanjay Chakrabarty, Managing Partners, who led this for CSP, were advised by Latham & Watkins (led by Rob Katz and Sidharth Bhasin).

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

Media Relations
Neha Iyer
Startek
neha.iyer@startek.com

Related posts

Press releases

gptw - startek india july 2025
Startek Recognized by Great Place To Work® India among India’s Best Companies To Work For 2025 

Startek recognized by Great Place To Work® India among India’s Best Companies To Work For 2025, reflecting its award-winning workplace culture and employee experience.

July 2025

Read more

Press releases

cybersecurity awards - June 2025
Startek® recognized for cybersecurity excellence and innovation leadership in 2025

Startek wins CISO & Cyber Pioneers and Cyber Security Excellence Awards 2025 for leadership in enterprise security and secure-by-design CX innovation.

June 2025

Read more

Press releases

Startek new logo banner
Startek® recognized with 5 Comparably Awards for excellence across leadership, career growth and team performance 

Startek earns 5 Comparably Awards for 2025, recognized for career growth, leadership, and team excellence—driven by a people-first culture and talent strategy.

June 2025

Read more

Press releases

2025 Fortress Cybersecurity Award
Startek® Wins 2025 Fortress Cybersecurity Award for Organizational Excellence 

Startek wins the 2025 Fortress Cybersecurity Award for Organizational Excellence, recognized for secure systems, innovation, and data protection leadership.

June 2025

Read more

Press releases

CII-CWL Award for Gender Parity in Business
Startek® wins CII-CWL Award for Gender Parity in Business

Startek® proudly receives the CII-CWL Award for Gender Parity in Business, highlighting its commitment to diversity, equity, and gender equality in the workplace.

May 2025

Read more

Press releases

The Philippines Awards
Startek® Philippines wins four honors at The Philippines Leadership Awards 2025

Startek® Philippines shines at The Philippines Leadership Awards 2025, winning four prestigious honors.

May 2025

Read more

Press releases

Excellence in CX awards 2025
Startek® Generative AI wins 2025 Excellence in Customer Service Award for Technology of the Year

Startek® proudly announces its 2025 AI Excellence Award win for Generative AI innovation with Startek® Agent Assist, empowering agents in real-time support.

April 2025

Read more
View all

Stay connected

Please enter a valid email address.
Please select the checkbox before submitting the registration form.
Thank you for sharing your details. We look forward to keeping in touch.