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One Equity to Acquire APAC (APAC) for $8.55/Share

July 7, 2011 7:52 AM EDT
APAC Customer Services, Inc. (Nasdaq: APAC), reports that JPMorgan's (NYSE: JPM) One Equity Partners will acquire APAC, through an all-cash transaction with an aggregate equity value of approximately $470 million.

Under the terms of the agreement, One Equity Partners will pay APAC stockholders $8.55 per share in cash.

One Equity is the majority owner of NCO Group, Inc. One Equity will seek to combine APAC with NCO Group to build market leadership in business process outsourcing and customer care solutions.

redit Suisse Securities (USA) LLC served as financial advisor to APAC on the transaction. Kirkland & Ellis LLP served as legal advisor to APAC.

Dechert LLP served as legal advisor to One Equity Partners.


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