Leading Global Business Process Outsourcing Company in Secondary Offering of ADSs

Cleary Gottlieb represented BofA Merrill Lynch, Wells Fargo Securities, Baird, William Blair & Company and Janney Montgomery Scott as the underwriters in a $185 million SEC-registered secondary offering of American Depositary Shares of WNS (Holdings) Limited by Warburg Pincus. The offering (including full exercise of the underwriters’ over-allotment option) closed on February 15. The transaction completed Warburg Pincus’ exit from the investment.

WNS is a global provider of business process outsourcing services, offering voice, data, analytical and business transformation services through delivery centers in Costa Rica, India, the Philippines, Poland, Romania, South Africa, Sri Lanka, the United Kingdom and the United States. Cleary was also counsel to the underwriters in WNS’ U.S. initial public offering and NYSE listing in 2006 and in the SEC-registered follow-on offering of ADSs by WNS and Warburg Pincus in 2012.