Even as private equity majors continue to make the best of the rally in the Indian stock markets, they have lined two outsourcing companies for share sales. The two sales together could rake in over $200 million for the PE-backers of these companies, according to VCCircle’s analysis of the current share prices of these companies.
Business process outsourcing firm WNS (Holdings) Ltd has moved ahead with its offering and plans to sell 10.5 million American Depositary Shares (ADS) in an equal mix of primary and secondary offerings by Warburg Pincus. Private equity firm Oak Hill Capital Partners is also looking to completely exit ExlService Holdings, Inc., after halving its stake last year.
WNS had filed for a shelf registration statement with the Securities and Exchange Commission (SEC) in October last year in which Warburg Pincus was allowed to sell its entire 47.9 per cent stake over a period of time. In the current offering, Warburg Pincus is selling 5.25 million ADS, with an option to sell another 1.575 million shares in case of over-allotment. This accounts for nearly one-third of Warburg Pincus’ current stake or over 15 per cent stake in WNS.
The share price of WNS closed at $9.65 a unit on Wednesday, down 1.03 per cent on the New York Stock Exchange. At this price, Warburg Pincus could get nearly $66 million for its shares (including over-allotment). WNS is also raising primary capital through issue of 5.25 million ADS for general corporate purposes, which may include capital expenditures, acquisitions, debt refinancing and working capital.
In another development, NASDAQ-listed business processing outsourcing firm ExlService Holdings has made a shelf registration in which it will raise $180 million. These funds can be raised through common stock, preferred stock, debt securities, depositary shares, etc.
The shelf registration also allows Oak Hill Capital to sell its remaining 17.3 per cent stake in the firm. VCCircle reported in December that Oak Hill sold 17-18 per cent stake in the firm since September 2011, realising $120 million in the process. ExlService co-founders, former Bank of America executive Vikram Talwar and the current CEO Rohit Kapoor, are also selling part of their shares in this offering.
The share price of ExlService closed at $24.96 on Wednesday, up 3.4 per cent. At this rate, Oak Hill Capital could realise $138.34 million for its stake.
Oak Hill Capital, along with Financial Technology Ventures and ExlService management team, had acquired 100 per cent stake in the company from insurance firm Conseco, Inc. (now called CNO Financial Group) in 2002.

Source:http://www.vccircle.com/500/news/pe-owned-bpo-firms-wns-exlservice-announce-share-sales

WNS (Holdings) Limited (NYSE: WNS), a leading provider of Business Process Outsourcing (BPO) services, today hosted the ‘Know Your BPO’ event for Police Officers at the WNS headquarters in Mumbai. This was part of the annual ‘Cyber Safe Thane 2010’ initiative being held from 18-20, Nov. 2010. The two-hour event had more than 30 senior officials from Thane Police and National Association of Software and Services Companies (NASSCOM) participating in an interactive session comprising multiple presentations; a facility tour to understand the security measures and engagement with employees at all levels to identify the concerns and awareness on information security; and the safety measures therein.

“Today, we are facing increased incidents of cyber theft and cyber frauds as a result of the rampant usage of the Internet,” said Dhananjay Kamalakar, IPS, Additional Commissioner of Police, Thane. “The ‘Cyber Safe Thane 2010’ is a three-day joint initiative by Thane Police, NASSCOM and DSCI, to build awareness and security measures about cyber safety amongst various sections of society including Thane Police officials, the Information Technology industry, academia and citizens of Thane at large. It has been carefully designed to help individuals understand and protect themselves from online threats while using the Internet,” he added.

“As the world’s third largest Internet user, India is experiencing an increasing number of cyber threats and crimes, and the growing IT / ITES industry in India is highly sensitive to such a vulnerable environment,” said Keshav R. Murugesh, Group CEO, WNS Global Services. “WNS believes that it is our civic and social responsibility to educate and familiarize Police Officers with the practices of BPO operations to better equip the police in arresting cyber crime. After the very successful launch of the ‘Know Your BPO’ event in May 2010, for Mumbai Police, which included training more than 150 Mumbai Police Officers, WNS is planning to take the initiative to other parts of the country, beginning with Thane.”
“We are delighted to associate with WNS to impart cyber security training to the Police Officials. The training follows a holistic approach towards new technologies, online fraud and cyber crime,” says cyber guru Vijay Mukhi.

“It was a great learning experience at WNS on how a transaction made in our industry is protected by high-end security techniques,” said Rajiv Vaishnav, Vice President – NASSCOM.

Source:http://press.forestlaneshul.com/wns-hosts-thane-police-at-know-your-bpo-event-12359.html