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Our Bureau

Private equity firm's stake reaches 27.54% in the company

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Chennai Jan. 25 The Carlyle group has picked up 27.65 per cent stake in Allsec Technologies for $25.4 million, Allsec said in a press release today.

The global private equity firm first picked up 30.21 lakh shares for Rs 260 a share from an allotment made by Allsec. This was followed by an open offer, through which Carlyle picked up 4.21 lakh shares, for the same price.

Carlyle also bought 7.5 lakh shares from a Euronet, a shareholder of Allsec for Rs 258.5 a share.

All this added up to 41.92 lakh shares and a stake of 27.54 per cent, as announced in a stock market notification by Allsec on January 17.

A press release issued today said Carlyle's holding had further increased to 27.65 per cent. Officials could not be reached for a comment on how the increase happened.

Board member

Following Carlyle's investment, the Board of Directors of Allsec has appointed Mr Daniel A. D 'Aniello, Co-Founder of The Carlyle Group, and Mr M. Shankar Narayanan, Managing Director and Head of Carlyle's Growth Capital team for India, as new directors, joining the existing board with immediate effect.

Allsec is a Business Process Outsourcing (BPO) company with 2,300 seats across four delivery centers in Chennai and Bangalore.

It provides support services for inbound customer care, technology helpdesk, inbound/outbound teleservices (sales, collections, lead generation, market research), third-party quality assurance and HR & payroll processing.

Its key focus areas are Customer Life Cycle Management, Call Quality Monitoring for other call centres, F&A BPO, Collections, Technical Support, and Payroll & Benefits Administration.

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