EXL acquire Outsource Partners International for $91 million
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In one of the most notable acquisitions of the year, EXL have purchased OPI for a competitive $91million (1.2 times revenue) representing circa $25,000 per FTE. OPI is a pure play F&A BPO specialist that was bourne from the spin-off from KPMG’s back office unit. It has circa 80 clients in the BPO space, employs 3,700 people and has revenues of $76 million. The acquisition will be financed by free cash flow – EXL is reported to have $114 million in cash. There are 4 key reasons that we see...
