Jenner & Block

Firm Represents StarTek in Strategic Transaction

The firm represented NYSE-listed StarTek, Inc. in its recently announced strategic transaction with an affiliate of Capital Square Partners (CSP).  In the transaction, CSP will sell its portfolio company ESM Holdings Limited to StarTek in exchange for a majority interest in StarTek.  CSP will also make a cash investment of $10 million in StarTek at the closing.  The combined business is expected to have annual revenues of approximately $700 million, with 50,000 employees and operations in 12 countries.  The transaction is expected to close in the third quarter of 2018, subject to customary closing conditions, including regulatory approval and approval of the transaction by StarTek stockholders.  The Jenner & Block lawyers involved in the transaction are Partners Thomas A. Monson, Jeffrey R. Shuman, Kristen M. Boike, Geoffrey M. Davis, Steven R. Englund, David M. Lynn, Erin R. Schrantz, Ray D. Sinnappan and Lee K. Van Voorhis; and Associates Mila Babic, Jenna A. Bressel, David D. Heckman, Rafi W. Mottahedeh, Joshua A. Violanti and Angela G. Williams.