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Baring Private Equity to take $1b stake in Telus International

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Staff writer ▼ | May 6, 2016
Telus International has reached an agreement with Baring Private Equity Asia for it to acquire a 35 percent stake in Telus International.
Telus International
Acquisition   Baring Asia is entering a service provider
The agreement values Telus International at approximately $1 billion, with Telus shareholders retaining a 65 percent interest in the business. In alignment with the company's top priority of delivering client service excellence, Telus intends to retain a long-term majority ownership position in Telus International.

Launched by Telus in 2005, Telus International has become a global provider of customer service, IT, and business process services.

Telus International has more than 22,000 team members located in the United States, Philippines, Canada, Europe, and Central America serving clients in more than 35 languages. The Telus International team is a division of Telus.

"We are excited to welcome Baring Asia's entire team to the Telus family. With Baring Asia's close to 20 years' exceptional experience developing and growing companies through insightful, strategic counsel, a strong Asian market presence and an extensive global network, we have found the right partner for Telus International," said Jeffrey Puritt, Telus International President.

Jean Eric Salata, CEO of Baring Asia, commented: "In Telus International, we see a strong company with best-in-class services which has successfully developed from a captive provider to a leading market player serving diverse customers.

"With an exceptional team, a portfolio of top-tier customers in fast-growing industries, and a strong global footprint, we believe that the company is in a great position to build on its past successes and establish its position as a leading international player in the space."