- HPS Investment Partners, GIC Private Limited and Farallon each agree to extend their shareholder ban 12 months, with the same period for Kyma Capital, Karl Fresher and Asheef Lalani.
- This announcement shows that The main shareholders, who together own more than 70%, remain committed to Atento and its growth trajectory.
NEW YORK, September 7, 2022 /PRNewswire/ — Atento SA ATTO “, Atento” or the “, company”, ))), one of the largest providers worldwide and the leading company in the field of Customer Relationship Services and Business Process Outsourcing (CRM / BPO) in Latin Americahas announced that it has extended its lock-up agreements on director nominations for a further 12 months (i.e. until June 22, 2023) with HPS Investment Partners, LLC (“HPS”), which owns approximately 25% of the shares in the Company, GIC Private Limited (“GIC”), which owns approximately 22% of the shares, and an investment fund affiliated with Farallon Capital Management, LLC (“Farallon”), which owns approximately 15% of the shares. The company also signed a similar lock-up agreement with Kyma Capital, Karl Fresher and Asheef Lalani for the same period, who together hold approximately 9% of the shares.
“This agreement with the largest shareholders demonstrates the strong confidence we have in Atento and the company’s strategy,” said Kyma Capital’s Chief Investment Officer Akshay Shah. Coupled with the impact of last year’s cyber attack, we believe the expired lock-up agreement has contributed to the depressed stock valuation. We are seeking this extension announced today to address these concerns. Our recent purchase of Atento shares in August reflects our expectation that the company will continue to improve financial performance in the second half of 2022, in line with management’s guidance.
Highlighting this latest announcement, Atento Chief Executive Officer Carlos López-Abadía commented: “Today, each of these investors reiterates their continued commitment as they…
