McGuireWoods advised business process solutions company ExlService Holdings Inc. (EXL) in its recently completed $74 million acquisition of RPM
Direct and RPM Data Solutions.
The purchase includes $47 million in cash and contingent cash consideration of up to $23 million, as well as $4 million of restricted stock. The cash
consideration of the purchase price was funded by a combination of cash on hand and a drawdown on EXL’s existing revolving credit facilities.
Stephen Older, a New York-based partner in McGuireWoods’ Securities Department, led the firm’s multipractice team that advised EXL on the strategic acquisition, which
will help EXL identify new avenues of growth, improve profitability and increase overall efficiency.
Headquartered in New York, EXL provides operations management, decision analytic and technology platforms to customers in insurance, healthcare, banking
and financial services, utilities, travel and transportation, and logistics, among other industries. RPM is a specialized provider of marketing analytics
for insurance carriers. Its proprietary database contains information on more than 250 million consumers and 120 million U.S. households.