Hogan Lovells advises special committee of TDCX's board of directors to complete US$1.037 billion going-private transaction

On March 1, the Special Committee and the buyer group led by Mr. Laurent Junique entered into a definitive Agreement and Plan of Merger. On June 18, the merger contemplated by the agreement was completed, valuing the equity of TDCX Inc. at approximately US$1.037 billion. TDCX Inc. will be delisted from the New York Stock Exchange.

Headquartered in Singapore, TDCX provides transformative digital customer experience (CX) solutions, enabling world-leading and disruptive brands to acquire new customers, to build customer loyalty and to protect their online communities. 

TDCX helps clients achieve their customer experience aspirations by harnessing technology, human intelligence and its global footprint. It serves clients in fintech, gaming, technology, travel and hospitality, digital advertising and social media, streaming and e-commerce.

TDCX employs more than 17,800 employees across 30 campuses globally, specifically in Brazil, Colombia, Hong Kong, India, Indonesia, Japan, Malaysia, Mainland China, Philippines, Romania, Singapore, South Korea, Spain, Thailand, Türkiye, and Vietnam. 

The merger transaction was featured in a number of international and local media outlets including Forbes, Business Wire, The Edge etc.; and legal publications including Asian Legal Business and Asia Business Law Journal.

The Hogan Lovells team was led by partner and Head of Private Equity in Greater China, Stephanie Tang, with the support from Office Managing Partner Owen Chan, counsel Jenny Yim, registered foreign lawyer Clara Wang and paralegal Molly Wang (all Hong Kong).

The New York team consisted of litigation partners William Regan and Allison M Wuertz and law clerk Molly Balan.

In recent years Stephanie Tang has led over 20 U.S. IPOs for Chinese companies, combined with 31 going-private transactions of U.S.-listed companies based in China and Asia Pacific region (many of these companies have successfully re-listed on China's A-share market after privatization), as well as a number of De-SPAC transactions, we have established a widely recognized market-leading position in M&A of U.S.-listed companies and U.S. public company work.