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Carlyle's Mexico buy-out team announces first exit

21/11/2007Source: AltAssets.  

The Carlyle Group has sold portfolio company Hispanic Teleservices Corporation to Teleperformance. Terms of the transaction were not disclosed.

HTC provides bilingual call centre services to companies serving their Spanish and English-speaking customers in the US. The transaction is the first exit from Carlyle's Mexico fund.

Joaquín Avila, managing director and head of Carlyle's Mexico buy-out team, said, 'We are pleased that Carlyle's first completed investment in Mexico is a success for our limited partners. In the past two years, HTC has matured and expanded by offering new services, reshaping the sales force and increasing revenue and employment.'

Carlyle acquired HTC in December 2005 through its Mexico investment fund, Carlyle Mexico Partners, a $134m buy-out fund.

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