6 April, 2017
Shearman & Sterling is advising Capital Square Partners, a Singapore-based private equity fund manager with a focus on the technology, media & telecommunications, healthcare, business services and consumer sectors across Southeast Asia and India, on its acquisition of ESM Holdings Limited, the holding company of the Aegis group (Aegis), from AGC Holdings Limited, a wholly owned portfolio company of Essar Global Fund (Essar). The closing of the transaction is conditional on customary regulatory approvals.
Aegis is a leading outsourcing business solutions partner to global corporations in the telecom, technology, media, Banking Financial Services and Insurance, travel and logistics, Retail and E-commerce and public sectors. 40,000+ Aegis experts across 47 centers worldwide deliver customer lifecycle management, technology services, back office services and social media analytics to power superior business results for clients. Essar operates a number of world-class assets diversified across the core sectors of Energy, Metals & Mining, Infrastructure and Services (primarily comprising shipping and BPO businesses). The aggregated revenues of the Fund’s portfolio companies total US$27 billion. The Fund’s portfolio companies employ over 60,000 people across four continents.
The Shearman and Sterling team is led by partner Sidharth Bhasin, with support from associates James Clayton-Payne and Matthew Sherman (all Singapore-Mergers & Acquisitions).
