NEW YORK, May 21, 2019 /PRNewswire/ -- Genpact Limited
(NYSE: G) ("Genpact"), a global professional services firm focused
on delivering digital transformation, today announced an
underwritten public offering of 10,000,000 common shares by certain
shareholders, consisting of entities affiliated with Bain
Capital Investors, LLC ("Bain Capital") and its co-investor, GIC
Private Limited ("GIC", and together with Bain Capital, the
"Selling Shareholders"). The Selling Shareholders are offering
approximately 27% of Genpact's shares they beneficially own.
After giving effect to this offering, the Selling Shareholders
will beneficially own approximately 15% of Genpact's outstanding
common shares. In addition, after giving effect to this offering,
the number of directors that Bain Capital and its co-investors will
be entitled to designate for nomination to Genpact's board of
directors will be reduced to one under Genpact's shareholder
agreement with the Selling Shareholders, which provides that Bain
Capital and its co-investors have the right to designate for
nomination four directors to Genpact's board of directors, subject
to reduction based on certain minimum shareholding thresholds and
other requirements and increases in certain circumstances.
Genpact is not selling any common shares in, and will not
receive any proceeds from, the offering.
Citigroup is acting as the sole underwriter for the offering and
proposes to offer the common shares from time to time for sale in
one or more transactions on the New York Stock Exchange, in the
over-the-counter market, through negotiated transactions or
otherwise at prevailing market prices, at prices related to
prevailing market prices or at negotiated prices.
The issuer has filed a registration statement (including a
prospectus) (File No. 333-230982) with the U.S. Securities and
Exchange Commission (SEC) for the offering to which this
communication relates and has become effective. A preliminary
prospectus supplement relating to the offering will also be filed
with the SEC. Before you invest, you should read the prospectus in
that registration statement, the preliminary prospectus supplement
and other documents the issuer has filed with the SEC for more
complete information about the issuer, the Selling Shareholders and
this offering. You may get these documents for free by visiting
EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer,
underwriter or any dealer participating in the offering will
arrange to send you the prospectus supplement and accompanying
prospectus if you request it from Citigroup Global Markets Inc.,
Attn: Prospectus Department, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood,
NY 11717, or by telephone at 1-800-831-9146.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such
jurisdiction.
About Genpact
Genpact (NYSE: G) is a global
professional services firm that makes business transformation real.
We drive digital-led innovation and digitally-enabled intelligent
operations for our clients, guided by our experience running
thousands of processes primarily for Global Fortune 500 companies.
We think with design, dream in digital, and solve problems with
data and analytics. Combining our expertise in end-to-end
operations and our AI-based platform, Genpact Cora, we focus on the
details – all 87,000+ of us. From New
York to New Delhi and more
than 25 countries in between, we connect every dot, reimagine every
process, and reinvent companies' ways of working. We know that
reimagining each step from start to finish creates better business
outcomes. Whatever it is, we'll be there with you – accelerating
digital transformation to create bold, lasting results – because
transformation happens here.
Safe Harbor
Statements in this press release
concerning Genpact's future expectations, plans and prospects,
including statements concerning the proposed secondary public
offering of common shares of Genpact and the Selling Stockholders'
beneficial ownership and related rights giving effect to the
offering, constitute forward-looking statements for the purposes of
the safe harbor provisions under The Private Securities Litigation
Reform Act of 1995. These statements involve a number of risks,
uncertainties and other factors that could cause actual results to
differ materially from those in such forward-looking statements.
Actual results may differ materially from those indicated by these
forward-looking statements as a result of various important
factors, including risks related to those associated with market
conditions and the satisfaction of customary closing conditions
related to the proposed secondary offering, as well as other risks
detailed in our filings made with the U.S. Securities and Exchange
Commission, including the prospectus supplement and accompanying
prospectus relating to this offering and Genpact's Annual Report on
Form 10-K, our Quarterly Reports on Form 10-Q and our Current
Reports on Form 8-K. These filings are available at www.sec.gov.
Genpact may from time to time make additional written and oral
forward-looking statements, including statements contained in our
filings with the Securities and Exchange Commission and our reports
to shareholders. Although Genpact believes that these
forward-looking statements are based on reasonable assumptions, you
are cautioned not to put undue reliance on these forward-looking
statements, which reflect management's current analysis of future
events and should not be relied upon as representing management's
expectations or beliefs as of any date subsequent to the time they
are made. Genpact undertakes no obligation to update any
forward-looking statements that may be made from time to time by or
on behalf of Genpact.
Contacts
Investors:
Roger Sachs, CFA
+1 (203) 808-6725
roger.sachs@genpact.com
Media:
Danielle D'Angelo
+1 (914) 336-7951
danielle.dangelo@genpact.com
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SOURCE Genpact Limited