Baird served as a co-manager in this transaction
AboutExlService 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.
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- September 2011
- ExlService Holdings, Inc.
- Technology & Services
- Target Location
- North America
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