Spanish call centre operator Atento has filed for an initial public offering with the US securities and exchange commission in a bid to raise US$300m.
The business was bought by US PE firm Bain Capital in 2012 from Telefonica for US$1.3bn as the Spanish…
Spanish call centre operator Atento has filed for an initial public offering with the US securities and exchange commission in a bid to raise US$300m.
The business was bought by US PE firm Bain Capital in 2012 from Telefonica for US$1.3bn as the Spanish incumbent was looking to pare its debt pile.
Morgan Stanley, Credit Suisse and Itau BBA are leading the float, which would see the company list on the New York Stock Exchange. In addition BofA Merrill Lynch, Banco Bradesco, BTG Pactual, Goldman Sachs and Santander are also serving as underwriters.
Atento has not signalled how many shares it will sell or how much equity Bain intends to give up.
As part of Bain’s Atento acquisition the call centre operator signed on to be a service provider to Telefonica until 2021 and the Spanish telco remained the business’ biggest client. Telefonica created Atento in 1999 when it decided to spin-off a number of its call centre assets.