NEW YORK, June 25, 2020 /PRNewswire/ -- Atento S.A.
(NYSE: ATTO, "Atento" or "Company"), the leading provider of
customer relationship management and business process outsourcing
services (CRM/BPO) in Latin
America and one of the top five providers worldwide, today
announced board appointments for representatives from HPS
Investment Partners, LLC ("HPS"), GIC, and an investment fund
affiliated with Farallon Capital Management, LLC ("Farallon")
(collectively, the "Institutional Investors"). The continuing
appointment of these representatives will be subject to shareholder
approval.
Following the completion this week of the acquisition of
Atento's shares by the aforementioned investors, a transaction
initially announced on May 7, 2020,
the Company welcomes to its board of directors Oliver Feix and John
Madden of HPS, Roberto Rittes, representing GIC, and
Antenor Camargo of Farallon, all of
whom replace the four directors previously appointed by Bain
Capital. With the conclusion of the transaction, including the
transfer of shares from Bain Capital to the Institutional
Investors, HPS now holds approximately 25%, GIC 22% and Farallon
15% of Atento's shares. The new board appointments became effective
on June 24.
Carlos López-Abadía, Atento's Chief Executive Officer,
said: "Joining our Board of Directors are executives whose breadth
of knowledge are already a key asset to our Company. The
appointments of Oliver Feix,
John Madden, Roberto Rittes and
Antenor Camargo to our board provide
significant support as we continue executing our ambitious
transformation plan, with the clear objective of keeping
positioning Atento as one of the world's most relevant and
innovative customer experience and BPO providers." López-Abadía
also highlighted that "our new board members share our enthusiasm
about extending Atento's market leadership, thanks to their
relevant experience. We are very sure that Atento will gain from
this relationship as well as from their understanding of the
industry in different contexts and international markets."
New members of Atento's Board of Directors
Antenor Camargo is
Co-Founder of Farallon Capital Latin America, part of Farallon
Capital Management. Prior to joining Farallon, Antenor was
co-founding partner at FKG Capital, a hedge fund focused on
Latin America and founded in 2011
in partnership with Farallon and Daniel
Goldberg (former CEO of Morgan Stanley in Brazil). Antenor earned his Bachelor's in
Business Administration (BBA) with a focus in Business
Administration, Management and Finance from Fundação Getulio Vargas in Sao
Paulo, Brazil (FGV).
Oliver Feix is a
Managing Director at HPS Investment Partners. Prior to joining HPS
in 2008, Mr. Feix was a Vice President at Morgan Stanley and a
member of the Leveraged and Acquisition Finance Team, where he
focused on originating, executing and distributing leveraged loans
and special situation financings. Prior to that, Mr. Feix worked at
Deutsche Bank in London. Mr. Feix
holds an MSc in Economics from the University of Konstanz.
John Madden is a
Managing Director at HPS Investment Partners. Mr. Madden built his
career in global financial institutions in the US and UK. He
spent 16 years at Arcapita, a private equity firm, where he worked
in both the US and London offices.
Mr. Madden holds a BA in Political Economy from Williams College.
Roberto Rittes is the CEO of Nextel Telecom. Prior
to joining Nextel, Mr. Rittes was a principal at H.I.G. Capital, a
leading global private equity firm. He also served as COO of Boa
Vista Serviços, a Brazilian credit bureau managed by TMG Capital,
as CFO of Estre Ambiental, an environmental services group managed
by BTG and Angra, and as key officer for Brazilian telecom
companies Brasil Telecom and Oi. Mr. Rittes has a Master's degree
in Business Administration from Harvard
Business School and a Bachelor degrees in Business
Administration (BBA) with a focus in Public Administration from
Fundação Getulio Vargas in
Sao Paulo, Brazil (FGV).
About Atento
Atento is the largest provider of customer relationship
management and business process outsourcing (CRM BPO) services in
Latin America, and among the top
five providers globally, based on revenues. Atento is also a
leading provider of nearshoring CRM/BPO services to companies that
carry out their activities in the United
States. Since 1999, the company has developed its business
model in 13 countries where it employs 150,000 people. Atento has
over 400 clients to whom it offers a wide range of CRM/BPO services
through multiple channels. Atento's clients are mostly leading
multinational corporations in sectors such as telecommunications,
banking and financial services, health, retail and public
administrations, among others. Atento's shares trade under the
symbol ATTO on the New York Stock Exchange (NYSE). In 2019, Atento
was named one of the World's 25 Best Multinational Workplaces and
one of the Best Multinationals to Work for in Latin America by Great Place to Work®. For
more information visit www.atento.com
Investor
Relations
Shay Chor
+55 11
3293-5926
shay.chor@atento.com
|
Investor
Relations
Fernando
Schneider
+ 55 11
3779-8119
fernando.schneider@atento.com
|
Media
Relations
Pablo Sánchez
Pérez
+34
670031347
pablo.sanchez@atento.com
|
Forward-Looking Statements
This press release contains
forward-looking statements. Forward-looking statements can be
identified by the use of words such as "may," "should," "expects,"
"plans," "anticipates," "believes," "estimates," "predicts,"
"intends," "continue" or similar terminology. These statements
reflect only Atento's current expectations and are not guarantees
of future performance or results. These statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those contained in the forward-looking statements.
In particular, the COVID-19 pandemic, and governments'
extraordinary measures to limit the spread of the virus, are
disrupting the global economy and Atento's industry, and
consequently adversely affecting the Company's business, results of
operation and cash flows and, as conditions are recent, uncertain
and changing rapidly, it is difficult to predict the full extent of
the impact that the pandemic will have. Risks and
uncertainties include, but are not limited to, competition in
Atento's highly competitive industries; increases in the cost of
voice and data services or significant interruptions in these
services; Atento's ability to keep pace with its clients' needs for
rapid technological change and systems availability; the continued
deployment and adoption of emerging technologies; the loss,
financial difficulties or bankruptcy of any key clients; the
effects of global economic trends on the businesses of Atento's
clients; the non-exclusive nature of Atento's client contracts and
the absence of revenue commitments; security and privacy breaches
of the systems Atento uses to protect personal data; the cost of
pending and future litigation; the cost of defending Atento against
intellectual property infringement claims; extensive regulation
affecting many of Atento's businesses; Atento's ability to protect
its proprietary information or technology; service interruptions to
Atento's data and operation centers; Atento's ability to retain key
personnel and attract a sufficient number of qualified employees;
increases in labor costs and turnover rates; the political,
economic and other conditions in the countries where Atento
operates; changes in foreign exchange rates; Atento's ability to
complete future acquisitions and integrate or achieve the
objectives of its recent and future acquisitions; future
impairments of our substantial goodwill, intangible assets, or
other long-lived assets; and Atento's ability to recover consumer
receivables on behalf of its clients. In addition, Atento is
subject to risks related to its level of indebtedness. Such risks
include Atento's ability to generate sufficient cash to service its
indebtedness and fund its other liquidity needs; Atento's ability
to comply with covenants contained in its debt instruments; the
ability to obtain additional financing; the incurrence of
significant additional indebtedness by Atento and its subsidiaries;
and the ability of Atento's lenders to fulfill their lending
commitments. Atento is also subject to other risk factors described
in documents filed by the company with the United States Securities
and Exchange Commission.
These forward-looking statements speak only as of the date on
which the statements were made. Atento undertakes no obligation to
update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise.
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SOURCE Atento S.A.