M&A Deal Summary

ExlService Holdings Acquires Outsource Partners International

On June 1, 2011, ExlService Holdings, Inc. acquired staffing company Outsource Partners International, Inc. from Trident Capital, Inc. and Wedbush Capital Partners for 91M USD

Acquisition Highlights
  • This is ExlService Holdings’ 2nd transaction in the Staffing sector.
  • This is ExlService Holdings’ 1st largest (disclosed) transaction.
  • This is ExlService Holdings’ 2nd transaction in the United States.
  • This is ExlService Holdings’ 1st transaction in California.

M&A Deal Summary

Date 2011-06-01
Target Outsource Partners International, Inc.
Sector Staffing
Buyer(s) ExlService Holdings, Inc.
Sellers(s) Trident Capital, Inc.
Wedbush Capital Partners
Deal Type Add-on Acquisition
Deal Value 91M USD
Advisor(s) Avendus Capital Pvt. Ltd.
Financial Technology Partners (Financial)

Target

Outsource Partners International, Inc.

Los Angeles, California, United States
website
Outsource Partners International (OPI) is a professional services firm dedicated to the outsourcing of finance & accounting business processes, analytics, and related consulting and advisory services.

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Buyer(S) 1

Buyer

ExlService Holdings, Inc.

New York, New York, United States

website


Category Company
Founded 1999
SectorBusiness Services
Employees31,900
Revenue 958M USD (2020)
DESCRIPTION

ExlService Holdings is a business process solutions company that looks deeper to drive business impact through integrated services and industry knowledge. EXL provides operations management, decision analytics and technology platforms to organizations in insurance, healthcare, banking and financial services, utilities, travel, and transportation and logistics, among others. ExlService Holdings was founded in 1999 and is based in New York, New York.


DEAL STATS #
Overall 3 of 15
Sector (Staffing) 2 of 2
Type (Add-on Acquisition) 2 of 12
State (California) 1 of 2
Country (United States) 2 of 13
Year (2011) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-01 American Express - Global Travel Service Center

Gurgaon, India

Global Travel Service Center is engaged in the integration of travel focused processes from different units and brings in over 14 years of domain knowledge. Global Travel Service Center services more than 20 markets across 33 different products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-03 Trumbull Services, LLC

Hartford, Connecticut, United States

Trumbull Services LLC is a specialized service provider to the insurance industry, and possesses particular expertise in subrogation, premium collection and policy administration.

Buy -

Seller(S) 2

SELLER

Trident Capital, Inc.

San Mateo, California, United States

website


Category Private Equity Firm
Founded 1993
PE ASSETS 1.9B USD
SizeLarge
Type Sector Focused
DESCRIPTION

Trident Capital was a venture capital firm focused on investments at all company stages, from early and expansion stage investments to buyouts and recapitalizations. Trident focused on investments in tech-enabled sectors, including enterprise software/services, outsourcing and payments, healthcare software/services, internet/consumer, and energy/clean tech. In 2015, Trident ceased investing and the Firm's employees split to form Sunstone Partners, a growth equity firm, and Trident Capital Cybersecurity, a venture firm focused on the cyber security sector.


DEAL STATS #
Overall 52 of 84
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 41 of 62
State (California) 17 of 30
Country (United States) 48 of 79
Year (2011) 2 of 3
Size (of disclosed) 14 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-17 Jobvite, Inc.

Indianapolis, Indiana, United States

Jobvite, Inc. is a provider of platform that infuses automation and intelligence into today’s expanded recruiting cycle to increase the speed, quality, and cost-effectiveness of talent acquisition. Jobvite is leading the next wave of recruitment innovation with Continuous Candidate Engagement (CCE), a candidate-centric recruiting model that helps companies engage candidates with meaningful experiences at the right time, in the right way, from first look to first day. Jobvite was founded in 2006 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-29 HomeAway, Inc.

Austin, Texas, United States

HomeAway, Inc. is an online marketplace for the vacation rental industry matching home owners with consumers. HomeAway was formed in 2004 and is based in Austin, Texas.

Sell -
SELLER

Wedbush Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
PE ASSETS 120M USD
SizeSmall
Type Sector Agnostic
DESCRIPTION

Wedbush Capital Partners is a private equity firm focused on recapitalizations, growth investments in, and management buyouts of lower middle-market companies generating sales of $10 to $50 million. Sectors of interest include consumer products and services, business and financial services, and niche manufacturing. Wedbush prefers to make initial equity investments of $2 to $10 million in companies valued between $5 and $50 million. The Firm prefers opportunities in the Western US. Wedbush Capital Partners is affiliated with investment bank Wedbush Securities. The Firm is based in Los Angeles, California.


DEAL STATS #
Overall 5 of 9
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (California) 5 of 7
Country (United States) 5 of 9
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 Visual Communications Co. LLC

Carlsbad, California, United States

Visual Communications Co. LLC is a designer and manufacturer of optoelectronic and electromechanical solutions. Visual Communications was founded in 1976 and is based in Carlsbad, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-01 Passport Foods (SVC), LLC

Ontario, California, United States

Passport Foods is a manufacturer and distributor of internationally-flavored foods to foodservice and retail channels in North America. Today Passport offers over 125 product SKUs across a comprehensive range of authentic, boldly-flavored product categories to food retailers and restaurants around the country. Headquartered in Southern California, Passport Foods has over 170 employees and was founded in 1978.

Buy -