Follow-On Offering

Technology & Services
Follow-On Offering

Summary

Baird served as a co-manager in this transaction

About

ExlService Holdings, Inc. (“ExlService” or the “Company”) (NasdaqGS: EXLS) recently completed a follow-on offering of 4,000,000 shares of its common stock at a price of $23.00 per share, generating gross proceeds of approximately $92 million. 75% of the shares of common stock were sold by Oak Hill Capital Partners, the principal stockholder of ExlService. The net proceeds received by the Company from the offering will be used to repay existing indebtedness, to finance possible acquisitions and for general corporate purposes.

Based in New York, New York, ExlService is a leading provider of outsourcing and transformation services that provide a competitive edge to its clients. The Company primarily serves the needs of Fortune Global 500 and Fortune 1000 companies in the insurance, utilities, banking and financial services, transportation and logistics and travel sectors. ExlService’s 17,400 professionals service clients from fifteen operations centers in India, three operations centers in the United States, two operations centers in Bulgaria and one operations center each in the Philippines, Romania, the Czech Republic and Malaysia.

For additional information about this transaction, please contact:

Kiran Paruchuru (414) 298-7642
Brian Doyal (312) 609-4916
David Wierman (404) 264-2211
Peter Kies (414) 765-7262
Technology & Services
Follow-On Offering
Date
September 2011
Company
ExlService Holdings, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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