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Shearman & Sterling Advises Consortium In Agreement To Acquire Global BPO Business Aditya Birla Minacs.

10 February, 2014

 

Shearman & Sterling is advising a consortium of financial investors led by financial investor Capital Square Partners (“CSP”) and private equity firm CX Partners (“CX”) in their proposed acquisition of the global BPO business of process outsourcing company Aditya Birla Minacs (“Minacs”) from ABNL IT & ITeS Limited, a wholly owned subsidiary of Aditya Birla Nuvo Limited, for an enterprise value of approximately US$260m.

 

Commenting on the transaction, partner Sidharth Bhasin, noted: “This is one of the most significant private equity transactions in the Indian BPO space in the recent years. It is a complex, multi-jurisdictional deal and we are delighted to be part of it.”

 

The Shearman & Sterling team includes partners Stephen Besen and Sidharth Bhasin, associate Tiffany Hill and special associate Shan Wu. Partner Larry Crouch and counsel Eileen O’Pray advised on tax issues. Partner Caroline Leeds Ruby and associates Igor Stermsek and Korey Fevzi advised on the financing aspects of the transaction. Counsel Dan Stellenberg  and associate Nell Beekman advised on executive compensation and employee benefits issues. Partner Richard Hsu and associate Zheng Bao  advised on IP issues. Counsel Mathias Stocker and associates Kelly Karapetyan and Sebastian Krujatz advised on competition law issues. 

 

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