Shearman & Sterling represented Citigroup as underwriter of a secondary public offering by certain stockholders affiliated with Oak Hill Capital Partners of 2,000,000 shares of ExlService Holdings, Inc. common stock.

ExlService provides business process outsourcing services to Fortune Global 500 and Fortune 1000 companies across a variety of sectors, including insurance, utilities, banking and financial services, transportation and travel. ExlService’s 17,900 professionals service clients from operations centers in India, the United States, Bulgaria, the Philippines, Romania, the Czech Republic and Malaysia. Former Shearman & Sterling Capital Markets associate Amit Shashank is ExlService’s general counsel.

The Shearman & Sterling team included partners Rob Roberts (New York-Capital Markets), Bob Treuhold (New York-Capital Markets), Doug McFadyen (New York-Tax), and Russell Sacks (New York-Financial Institutions Advisory & Financial Regulatory) and associates Jason Gao (New York-Capital Markets), Brian Calandra (New York-Capital Markets), Steven Blau (New York-Financial Institutions Advisory & Financial Regulatory), Shriram Bhashyam (New York-Financial Institutions Advisory & Financial Regulatory) and Derek Kershaw (New York-Tax).