NEW YORK, Aug. 13, 2020 /PRNewswire/ -- DLA Piper
represented IBEX Limited (Nasdaq: IBEX), a portfolio company
of The Resource Group, in its initial public offering of
US$90.5 million of common stock.
Citigroup Global Markets Inc. and RBC Capital Markets, LLC served
as joint book-running managers for the offering.
IBEX, headquartered in Bermuda,
is a leading global customer experience company delivering
technology-enabled solutions to help the world's preeminent brands
more effectively engage with their customers. Its clients
consist of Fortune 500 brands that rely on outsourced providers to
maximize customer retention and improve customer expansion, as well
as faster-growing brands in high-growth industry verticals.
IBEX intends to use the net proceeds from the offering for
capital expenditures, repayment of indebtedness, strategic
acquisitions and investments, working capital and other general
corporate purposes.
"Our experience advising foreign private issuers as they access
the US capital markets played a key role in our representation of
IBEX in its initial public offering," said Christopher Paci, who chairs the firm's US
Capital Markets practice and led the IPO deal team together with
partner Stephen Alicanti. "DLA Piper
is honored to have assisted IBEX in successfully completing its
IPO, and we look forward to continuing to support IBEX as it builds
on this important milestone to advance its growth strategy."
The DLA Piper team representing IBEX included, in addition to
Christopher Paci and Stephen Alicanti, partners Drew Young, Rachel
Albanese (all of New York)
and Rita Patel (Washington, DC), and associates John Wei (Boston), Sne
Sadhu (Phoenix),
Mary Claire Blythe (Baltimore) and Jason
Veit (Chicago).
DLA Piper's global capital markets team represents issuers and
underwriters in a wide range of capital markets transactions,
including initial public offerings, follow-on equity offerings,
equity-linked securities offerings, and offerings of
investment-grade and high-yield debt securities.
About DLA Piper
DLA Piper is a global law firm with lawyers located in more than
40 countries throughout the Americas, Europe, the Middle
East, Africa and
Asia Pacific, positioning us to
help clients with their legal needs around the world. In certain
jurisdictions, this information may be considered attorney
advertising. dlapiper.com
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SOURCE DLA Piper