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
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