Exlservice Holdings, Inc. (NasdaqGS:EXLS) acquired Overland Solutions, Inc. from New Mountain Capital, LLC and New Mountain Partners, L.P. for $53 million in cash on October 24, 2014. The merger consideration was funded from existing cash resources. The transaction was approved by the Board of Directors of Exlservice Holdings and Overland Solutions. The merger is subject to the approval of Overland Solutions' shareholders. The transaction is expected to be immediately accretive to adjusted EPS and contribute approximately $10 million of revenue in the fourth quarter. Evercore Partners Inc. acted as financial advisor for Overland Solutions, Inc. Rashida K. La Lande of Gibson, Dunn & Crutcher LLP acted as the legal advisor to New Mountain Partners, L.P. Valérie Demont of Pepper Hamilton LLP acted as the legal advisor to Exlservice Holdings, Inc. JPMorgan Chase Bank, N.A. acted as the escrow agent in the transaction.

Exlservice Holdings, Inc. (NasdaqGS:EXLS) completed the acquisition of Overland Solutions, Inc. from New Mountain Capital, LLC and New Mountain Partners, L.P. on October 24, 2014.