CVCI in Investment in SourceHOV

Cleary Gottlieb represented Citi Venture Capital International, a global private equity investment fund, in its investment and recapitalization of SourceHOV Holdings, a leading provider of Business Process Outsourcing and Knowledge Process Outsourcing solutions. CVCI’s investment was used to redeem the ownership interests of Apollo Global Management and certain minority holders of SourceHOV and to recapitalize SourceHOV’s existing debt. HOVS, a founding investor, maintained its interest as an equity partner with CVCI. The acquisition closed on April 30.