Concentrix Acquires PK from Carlyle for Approximately $1.6B
November 22, 2021
Concentrix Corporation agreed to acquire PK, a global CX design and engineering firm, in a transaction valuing PK at approximately $1.6 billion. Funds managed by The Carlyle Group (which held a majority stake since 2016) will sell their stake; PK — with more than 5,000 employees across ~20–22 cities in four countries — was expected to contribute roughly $530 million of revenue and $85 million of adjusted EBITDA in the first full year post-close. The deal was announced in November 2021 (expected close in Concentrix's first fiscal quarter of 2022) and subsequently closed at the end of December 2021.
- Buyers
- Concentrix Corporation
- Targets
- PK (formerly ProKarma / PK Global)
- Sellers
- Funds managed by The Carlyle Group
- Industry
- IT Services
- Location
- United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
SYNNEX's Concentrix Division Acquires Convergys
June 28, 2018
Professional Services
SYNNEX Corporation, via its Concentrix division, agreed to acquire Convergys Corporation for approximately $2.43 billion in a deal expected to close in 2018. The transaction will integrate Convergys into Concentrix to create a larger global customer engagement and CRM BPO services provider, delivering scale, expanded capabilities and geographic reach.
-
Concentrix Acquires Tigerspike
July 31, 2017
IT Services
Concentrix, a wholly owned subsidiary of SYNNEX Corporation, has closed its acquisition of Tigerspike, a digital products and strategy firm. The deal expands Concentrix's digital capabilities by adding Tigerspike's experience design, mobile and systems-integration expertise and a global team of more than 300 employees.
-
DC Capital Partners Acquires Control Stake in PK Companies Group
September 26, 2024
Industrial Services
DC Capital Partners has made a control investment in PK Companies Group, LLC, with PK founders Brian and Kenny Turpin reinvesting equity. The partnership will fund PK's expansion across geographies, markets and capabilities, supporting investments in equipment, new facilities and growth of its tech-enabled inspection, maintenance and specialty services.
-
PK Acquires Nuvem Consulting
October 29, 2020
IT Services
PK, a global experience engineering and digital services firm headquartered in Portland, Oregon, has acquired Nuvem Consulting, a Nebraska-based Salesforce consulting specialist. The acquisition expands PK's Salesforce capabilities—particularly in lead-to-cash applications and integrated CRM solutions—and brings Nuvem's Nebraska employees into PK's Omaha offices to support broader digital transformation offerings for enterprise clients.
-
Jacobs Acquires 65% Stake in PA Consulting
November 30, 2020
Consulting
Jacobs has agreed to acquire a 65% majority stake in PA Consulting for an enterprise value of £1.825 billion (approximately $2.4 billion), with PA employees rolling 35% of the equity and The Carlyle Group exiting. The deal is structured as a private-equity-style investment including preferred and common equity, debt facilities provided by Jacobs (a £650 million term loan and up to £100 million revolving facility), and is intended to accelerate PA's growth and deepen Jacobs' digital, innovation and consulting capabilities.
-
Carlyle and KKR Acquire Approximately $10.1 Billion Prime Student Loan Portfolio from Discover Financial Services
July 17, 2024
Financial Services
Global investment firms Carlyle and KKR have agreed to purchase an approximately $10.1 billion portfolio of prime student loans from Discover Financial Services. Carlyle's Monogram LLC will serve as portfolio manager and Firstmark Services (a Nelnet subsidiary) will service the loans; the transaction is expected to close by the end of 2024, subject to customary closing conditions.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.