FT Partners Advises on Sale of Outsource Partners International to ExlService
Overview of Transaction
- On May 2, 2011, Outsource Partners International ("OPI") announced its outright sale to EXLService Holdings (NASDAQ: EXLS)
- The aggregate consideration for the transaction will be $91,000,000, subject to adjustment based on working capital, OPI's debt and certain transaction expenses
- The transaction is expected to close during the second quarter of 2011 and is subject to customary and other closing conditions
- Outsource Partners International is a leading global provider of high-end, complex Finance & Accounting Outsourcing ("F&A"), Analytics, and Consulting & Advisory services
- OPI focuses on serving middle market (companies with revenue between $200 mm and $5 bn) firms and to date has over 80+ clients
- Continued organic growth within the F&A BPO segment (8.7% annually) provides significant future growth opportunities for ExlService as corporations continue to outsource their F&A functions
- FT Partners served as a strategic and financial advisor to Outsource Partners International and its Board of Directors
- FT Partners co-advised OPI on its representation of North American based acquirors and provided comprehensive advisory services throughout the transaction
- This transaction demonstrates FT Partners broad capabilities and deep domain expertise in the Diversified Financial Technology and Business Process Outsourcing Sector