Cleary Gottlieb is representing Citigroup Global Markets in its capacity as financial advisor to SITEL Corporation in connection with the acquisition of SITEL Corporation by ClientLogic Corporation. ClientLogic will pay $4.05 per share in cash for all the outstanding common stock of SITEL. The transaction values SITEL at approximately $450 million.
SITEL is a leading global provider of outsourced customer support services. ClientLogic is a leading global business process outsourcing provider in the customer care and back office processing industries.