Initial Public Offering
Baird served as an active bookrunner on this offering
AboutIBEX Holdings Limited (“IBEX” or the “Company”) (NASDAQ: IBEX), a portfolio Company of The Resource Group International Limited (“TRG”) recently completed an initial public offering of 4,761,905 common shares at a price of $19.00 per share. The offering generated gross proceeds of approximately $90.5 million, including $67.9 million for the Company and $22.6 million for the selling shareholders. The Company intends to use the net proceeds from the offering to pay down existing debt, general corporate purposes and funding growth. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 714,285 shares of common stock from the selling stockholders.
IBEX is a leading global customer experience (“CX”) company delivering solutions to help the world’s preeminent brands more effectively engage with their customers. Through their integrated Customer Lifecycle Experience (“CLX”) platform, they provide solutions that span the entire customer lifecycle and range from broad-based integrated offerings to more customized solutions focused on specific client needs.
The Resource Group is an investment holding company specializing in the business process outsourcing sector. TRG looks for majority ownership / control positions but as a holding company, TRG has no fixed time horizon to their investments. TRG has an extensive operational focus throughout the investing cycle, and has never incurred a loss on an investment since the inception of their partnership in 2002. TRG is headquartered in Washington, DC.
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- August 2020
- IBEX Holdings Limited
- Technology & Services
- Target Location
- North America
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