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

Startek GPTW 2024
Startek® earns prestigious recognition as India’s Best Companies To Work For 2024 

Startek® named one of India's Best Companies To Work For 2024 after earning Great Place To Work® Certification™.

June 2024

Read more

Press releases

Comparably awards - banner
Startek® earns top honors in Comparably Awards for Best Career Growth and Best Leadership Teams 

Startek® earns top honors from Comparably: Best Career Growth & Best Leadership Teams, reflecting commitment to professional development and exceptional leadership.

June 2024

Read more

Press releases

WE matters banner Startek.
Startek sweeps eight W.E. Global Employees’ Choice Awards 

Startek® wins 8 awards at W.E. Global Employees’ Choice Awards, including CEO and CHRO accolades for top leadership.

June 2024

Read more

Press releases

Startek Wins 2024 Fortress Cybersecurity Award banner
Startek wins 2024 Fortress Cybersecurity Award for Organizational Excellence 

Startek® wins 2024 Fortress Cybersecurity Award, recognizing exceptional commitment to cybersecurity and client data protection.

May 2024

Read more

Press releases

Customer experience agent using AI to resolve a query
Startek® launches Generative AI platform to empower agents and enhance customer experience 

Bridging empathy and efficiency: Startek® Generative AI equips agents to address customer needs with precision, empowering them to deliver exceptional experiences 

May 2024

Read more

Press releases

a group of happy people celebrating an award win
Startek® receives prestigious accolades at World HRD Congress in the Philippines

Startek® was honored with a total of five awards at the World HRD Congress

April 2024

Read more

Press releases

bronze stevie banner
Startek® wins Bronze Stevie® Award for Innovations in Customer Service Technology 

The Stevie® award accolade recognizes the company’s role in pioneering technology-driven solutions to enhance customer service experiences. 

April 2024

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.