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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
Significance of Transaction
  • 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' Role
  • 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