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Kinstellar Advises Baring Private Equity Asia on Acquisition of Stake in Telus International

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Kinstellar has worked alongside global counsel Ropes & Gray in advising Baring Private Equity Asia on Bulgarian and Romanian elements of Baring’s acquisition of a 35 percent stake in TELUS International.

The agreement values TELUS International at approximately USD 1 billion, with TELUS shareholders retaining a 65 percent interest in the business. The transaction involved more than 10 jurisdictions across North and Central America, Europe, and Asia.

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 USD 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 USD 31 billion in 2015.

The Kinstellar team included, 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.  

Kinstellar reported that the identity of counsel for TELUS International was, at this point, confidential.

Image Source: fibre.telus.com

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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