Latham & Watkins Advises TaskUs, Inc. Co-Founders on Take-Private Transaction

TaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer experience to the world’s most innovative companies, announced that it has entered into a definitive agreement to become a privately held company. Under the terms of the agreement, an affiliate of Blackstone, TaskUs Co-Founder and Chief Executive Officer Bryce Maddock and TaskUs Co-Founder and President Jaspar Weir will acquire 100% of the outstanding shares of Class A common stock they do not already own for US$16.50 per share in an all-cash transaction. Upon completion of the transaction, the Company’s Class A common stock will no longer be listed on any public market. Maddock and Weir will continue to serve in their roles as Chief Executive Officer and President, respectively.

Latham & Watkins LLP represents TaskUs’ co-founders Bryce Maddock and Jaspar Weir in the transaction with a deal team led by New York M&A partner Andrew Elken. Partner Bradd Williamson, with associate Alisa Hand, advised on executive compensation, employment, and benefits matters, and partner Adam Gelardi advised on capital markets matters.