공지 • Oct 09
An affiliate of Blackstone, TaskUs Co-Founder and Chief Executive Officer Bryce Maddock and TaskUs Co-Founder and President Jaspar Weir cancelled the acquisition of remaining 2.4% stake in TaskUs, Inc. (NasdaqGS:TASK) from Think Investments LP, The Vanguard Group, Inc. and others.
An affiliate of Blackstone, TaskUs Co-Founder and Chief Executive Officer Bryce Maddock and TaskUs Co-Founder and President Jaspar Weir entered into a definitive agreement to acquire remaining 2.4% stake in TaskUs, Inc. (NasdaqGS:TASK) from Think Investments LP, The Vanguard Group, Inc. and others for approximately $8 million on May 8, 2025. TaskUs Stockholders to Receive $16.50 Per Share in Cash. The Special Committee was formed on March 20, 2025, in response to interest expressed by the Buyer Group in exploring a possible transaction. As of March 1, 2025, certain investment funds associated with Blackstone Inc. and Bryce Maddock and Jaspar Weir beneficially own, in the aggregate, approximately 97.6% of the combined voting power of our Class A common stock and Class B common stock. TaskUs will continue to operate under the TaskUs name and brand. Pursuant to the equity commitment letter, dated May 8, 2025, funds affiliated with BCP FC Aggregator L.P. have committed to provide the Merger Corporation, on the terms and subject to the conditions set forth in the equity commitment letter, an aggregate equity commitment to fund the payment of the aggregate Merger Consideration and certain other amounts required to be paid under the Merger Agreement (the “Equity Financing”). If the Merger Agreement is terminated in certain circumstances, including in connection with the Company’s entry into a Superior Proposal, the Company would be required to pay the Merger Corporation a termination fee of $39 million.
The TaskUs Board of Directors has approved the transaction upon the unanimous recommendation of a special committee of independent directors. The transaction is subject to customary closing conditions and approvals, including the receipt of required regulatory and stockholder approvals (including the approval of holders of TaskUs common stock not owned by the Buyer Group). As of September 10, 2025, TaskUs adjourned a special stockholder meeting to vote on the Merger Agreement with Breeze Merger Corporation, rescheduling it for September 24, 2025. The Board of Directors of TaskUs, Inc. formed a special committee for the transaction. The transaction is expected to close in the second half of 2025. As on September 24, 2025, Special Meeting of Stockholders Regarding Proposed Take-Private Transaction which was previously adjourned on September 10, 2025, has been adjourned again to October 8, 2025
Evercore Group L.L.C. is acted as financial advisor and Faiza J. Saeed, Claudia J. Ricciardi, Stephen M. Kessing, Eric W. Hilfers, Andreas Kaletsch, Lauren Angelilli, Andrew T. Davis, Jesse M. Weiss, Kevin J. Orsini and Helam Gebremariam of Cravath, Swaine & Moore LLP is acted as legal counsel to the Special Committee of the TaskUs Board of Directors. BofA Securities is acted as financial advisor and Anthony Vernace, Michael Chao, Jeannine McSweeney, Ryan Stott, Brian Gluck, Jonathan Goldstein, Sophie Staples, Peter Guryan, Rick Jamgochian, Kelly Karapetyan and Mick Tuesley of Simpson Thacher & Bartlett LLP is acted as legal counsel to the Buyer Group. Andrew Elken and Bradd L. Williamson of Latham & Watkins LLP is acted as legal counsel to Bryce Maddock and Jaspar Weir. Innisfree M&A Incorporated acted as Information agent to TaskUs. Broadridge Financial Solutions acted as transfer agent to TaskUs. TaskUs has agreed to pay Evercore a fee for its services in the aggregate amount of up to $10,000,000, of which (i) $2,500,000 was payable upon execution of its engagement letter with the Company and the Special Committee, (ii) $2,500,000 was payable upon delivery of Evercore’s opinion and is fully creditable against any fee payable upon the consummation of the Merger and (3) $7,500,000 will be payable upon consummation of the Merger. In addition, a discretionary fee of up to $2,500,000 may be paid to Evercore.
An affiliate of Blackstone, TaskUs Co-Founder and Chief Executive Officer Bryce Maddock and TaskUs Co-Founder and President Jaspar Weir cancelled the acquisition of remaining 2.4% stake in TaskUs, Inc(NasdaqGS:TASK) from Think Investments LP, The Vanguard Group, Inc. and others on October 8, 2025.