July 2016 - Kinstellar acted as a counsel of Baring Private Equity Asia for Bulgaria and Romania in Baring’s acquisition of a 35 percent stake in TELUS International. The agreement values TELUS International at approximately US$1 billion, with TELUS shareholders retaining a 65 per cent interest in the business. The transaction involved more than 10 jurisdictions across North and Central America, Europe and Asia and was led by the international law firm Ropes & Gray.
TELUS International is a global provider of business process outsourcing, IT outsourcing, and contact center outsourcing solutions with more than 22,000 employees in Canada, the United States, Europe, Central America and Asia.
Baring Private Equity Asia is one of the largest alternative asset management firms in Asia and advises funds that manage over US$9 billion in assets. Baring Asia currently has over 30 portfolio companies across Asia with a total of 120,000 employees and sales of approximately USD31 billion in 2015.
The Kinstellar team includes (among others): Partner Diana Dimova and Managing Associate Nina Tsifudina in Bulgaria and Partner Razvan Popa and Managing Associate Zsuzsa Csiki in Romania. Sofia-based Counsel Dessislava Fessenko advised on competition law aspects.