International tech firm Startek announces $30 mn investment in CSS Corp

Startek employs over 18,000 people in India across BPM centres and 40,000 in 13 countries.

Startek, an international business process management firm, said it invested $30 million in CSS Corp in a limited partnership managed by its majority shareholder, Capital Square Partners.

Startek will acquire both an indirect beneficial interest of approximately 26 per cent in CSS, an IT services and tech support company. Startek said in a statement it had the option to acquire a majority stake in CSS without being obliged to do so. 

The investment was funded through a newly secured $185 million senior debt facility from CSP Alpha Holdings Pte. Ltd., a wholly-owned unit of Startek. This debt refinancing consists of a $165