Livingstone advises TSD Global on its sale to Movate

Livingstone has advised on the sale of TSD Global (“TSD” or the “Company”) to Movate Inc. (“Movate”), a portfolio company of Capital Square Partners. Livingstone acted as exclusive financial advisor to TSD. Transaction terms were not disclosed.

TSD Global, headquartered in Carmel, IN, has been a trusted business process outsourcing (“BPO”) partner to blue-chip organizations for over 30 years, providing best-in-class sales, customer service, back-office services, and cross-selling capabilities.

The Company’s contact centers, located in the U.S., Philippines, and South Africa, feature state-of-the-art, multi-channel contact center technology (i.e., voice, email, chat, etc.), which improves work efficiency and enhances customer experience. Underpinned by a robust employee recruiting and training program, the Company employs 1,000+ experienced and well-trained professionals who consistently meet or exceed client KPIs.

“The Livingstone team was outstanding in their advice, guidance, and execution of this transaction,” said Eliot Tubis, Chairman of TSD Global. “Their unrelenting advocacy and determination drove a competitive process. I appreciate Brennan, Eric, and the team’s efforts working tirelessly on our behalf to achieve an exceptional outcome for all parties.”

Movate, formerly CSS Corp, is a digital technology and customer experience services company committed to disrupting the industry with agility, human-centered innovation, and a relentless focus on driving client outcomes. This transaction bolsters Movate’s existing world-class roster of over 11,000 employees across 20 global locations while further enhancing Movate’s ongoing trajectory of immense growth.

“It was a pleasure advising TSD Global on this transaction, and we are excited to watch the next chapter of the Company’s growth and evolution under Movate,” commented Brennan Libbey, Partner at Livingstone. “At Livingstone, we remain committed to delivering exceptional results and helping our clients achieve their goals, and this transaction represents another successful outcome for our Business & Technology Services practice.”

Eric Suh, Director at Livingstone, added, “We’re proud to have found an ideal partner for TSD Global in Movate, a fast-growing business with an excellent reputation in the market. TSD and Movate are a natural fit given their shared commitment to quality and drive to deliver superior business outcomes.”

Barnes & Thornburg LLP served as legal counsel, while Katz, Sapper & Miller provided transaction-related accounting services to TSD Global. Clifford Chance LLP served as legal counsel, and PricewaterhouseCoopers provided transaction-related accounting services to Movate.