Thursday, February 02, 2006

Sutherland Global to Invest INR 2.5Bn in New BPO Campus

Sutherland Global Services, a US-based BPO service provider, is contemplating to setup a new campus in the South Indian city of Cochin (Kochi) with an investment of about INR 2.5 billion.
The new campus will initially provide jobs to about 3,000 people, which is expected to reach 7,500 over the next few years.

Sutherland got $30 million equity funding from Oak Investment Partners, which is a private equity firm with a total of $4.2 billion in committed capital.With the funding from Oak, Mr.Vellodi CEO of Sutherland, still holds the majority stake, with 10 percent stock available for the employees and the remaining with Oak.

1 comment:

oli said...

Private equity firms generally receive a return on their investments through one of three ways: an IPO, a sale or merger of the company they control, or a recapitalization