Aegis to merge with US-based Startek, CSP to own 55% in the merged entity

Business process outsourcing services company Aegis, a portfolio company of private equity firm Capital Square Partners (CSP) on Thursday said that it has entered into a definitive agreement with US-based Startek as a part of which it will merge with the later in an all-stock transaction.

As a part of the agreement, NYSE-listed Startek will issue CSP 20.6 million shares of its common stock in exchange for all of Aegis’s outstanding shares. Concurrently, the private equity firm will also buy an additional 833,333 shares of Startek. 

Upon the completion of the deal, CSP will own about 55 per