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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
EXLSERVICE HOLDINGS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
(Title of Class of Securities)
302081 10 4
(CUSIP Number)
DECEMBER 31, 2006
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a person's
initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
CUSIP No. 302081 10 4
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NAME OF REPORTING PERSON
1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oak Hill Capital Partners, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
NUMBER OF 10,278,942
------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY OWNED -0-
------------------------------------------------
BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 10,278,942
------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
-0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,278,942
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
36.6%
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12. TYPE OF REPORTING PERSON
PN
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2
CUSIP No. 302081 10 4
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NAME OF REPORTING PERSON
1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oak Hill Capital Management Partners, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
NUMBER OF 263,562
------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY OWNED -0-
------------------------------------------------
BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 263,562
------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
263,562
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.9%
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12. TYPE OF REPORTING PERSON
PN
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3
CUSIP No. 302081 10 4
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NAME OF REPORTING PERSON
1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OHCP GenPar, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
NUMBER OF 10,542,504
------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY OWNED -0-
------------------------------------------------
BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 10,542,504
------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,542,504
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
37.5%
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12. TYPE OF REPORTING PERSON
PN
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4
CUSIP No. 302081 10 4
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NAME OF REPORTING PERSON
1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OHCP MGP, LLC
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [X]
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3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 10,542,504
------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY OWNED -0-
------------------------------------------------
BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 10,542,504
------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,542,504
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
37.5%
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12. TYPE OF REPORTING PERSON
OO
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5
CUSIP No. 302081 10 4
SCHEDULE 13G
This Schedule 13G is filed by the undersigned with respect to
the shares of Common Stock, par value $0.001 per share (the "Common Stock"), of
ExlService Holdings, Inc. (the "Company")
Item 1(a). Name of Issuer:
ExlService Holdings, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
350 Park Avenue
New York, New York 10022
Item 2(a). Name of Persons Filing:
Oak Hill Capital Partners, L.P. ("OHCP");
Oak Hill Capital Management Partners, L.P. ("OHCMP");
OHCP GenPar, L.P. ("OHCP GenPar"); and
OHCP MGP, LLC ("OHCP MGP" and together with OHCP,
OHCMP and OHCP GenPar, the "Reporting Persons").
The Reporting Persons are making this single, joint
filing because they may be deemed to constitute a
"group" within the meaning of Section 13(d)(3) of the
Act, although neither the fact of this filing nor
anything contained herein shall be deemed to be an
admission by the Reporting Persons that such a group
exists.
Item 2(b). Address of Principal Business Office or, if none, Residence of
each Reporting Person:
201 Main Street
Suite 1620
Fort Worth, TX 76102
Item 2(c). Citizenship:
OHCP - Delaware
OHCMP - Delaware
OHCP GenPar - Delaware
OHCP MGP - Delaware
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.001 per share
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CUSIP No. 302081 10 4
Item 2(e). CUSIP Number:
302081 10 4
Item 3. This Schedule 13G Statement is not being filed pursuant
to Rule 13d-1(b) or Rule 13d-2(b) or (c).
Item 4. Ownership
OHCP
OHCP beneficially owns an aggregate of 10,278,942 shares
of Common Stock, which represents approximately 36.6% of
the issued and outstanding shares of Common Stock. OHCP
has the sole power to vote or direct the vote of
10,278,942 shares of Common Stock and the sole power to
dispose or to direct the disposition of 10,278,942
shares of Common Stock.
OHCMP
OHCMP beneficially owns an aggregate of 263,562 shares
of Common Stock, which represents approximately 0.9% of
the issued and outstanding shares of Common Stock. OHCMP
has the sole power to vote or direct the vote of 263,562
shares of Common Stock and the sole power to dispose or
to direct the disposition of 263,562 shares of Common
Stock.
OHCP GenPar
OHCP GenPar is the sole general partner of both OHCP and
OHCMP. As the sole general partner of OHCP and OHCMP,
OHCP GenPar beneficially owns an aggregate of 10,542,504
shares of Common Stock, which represents approximately
37.5% of the issued and outstanding shares of Common
Stock. As the sole general partner of OHCP and OHCMP,
OHCP GenPar has the sole power to vote or direct the
vote of 10,542,504 shares of Common Stock and the sole
power to dispose or to direct the disposition of
10,542,504 shares of Common Stock.
OHCP MGP
OHCP MGP is the sole general partner of OHCP GenPar. As
the sole general partner of OHCP GenPar, OHCP MGP may be
deemed to beneficially own an aggregate of 10,542,504
shares of Common Stock, which represents approximately
37.5% of the issued and outstanding shares of Common
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CUSIP No. 302081 10 4
Stock. As the sole general partner of OHCP GenPar, OHCP
MGP may be deemed to have the sole power to vote or
direct the vote of 10,542,504 shares of Common Stock and
the sole power to dispose or to direct the disposition
of 10,542,504 shares of Common Stock.
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company or Control Person
Not Applicable
Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certifictions
Not Applicable
8
CUSIP No. 302081 10 4
SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
Date: January 30, 2007
OAK HILL CAPITAL PARTNERS, L.P.
By: OHCP GenPar, L.P. its General Partner
By: OHCP MGP, LLC
its General Partner
By: /s/ John R. Monsky
----------------------------
Name: John R. Monsky
Title: Vice President
OAK HILL CAPITAL MANAGEMENT PARTNERS, L.P.
By: OHCP GenPar, L.P. its General Partner
By: OHCP MGP, LLC
its General Partner
By: /s/ John R. Monsky
----------------------------
Name: John R. Monsky
Title: Vice President
OHCP GENPAR, L.P.
By: OHCP MGP, LLC its General Partner
By: /s/ John R. Monsky
----------------------------
Name: John R. Monsky
Title: Vice President
OHCP MGP, LLC
By: /s/ John R. Monsky
----------------------------
Name: John R. Monsky
Title: Vice President
EXHIBIT 99.1
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JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned agree to the joint filing on behalf of each
of them of a statement on Schedule 13G (including amendments thereto) with
respect to the Common Stock, par value $0.001 per share, of ExlService
Holdings, Inc.
The undersigned further agree that each party hereto is responsible
for the timely filing of such Schedule 13G and any amendments thereto, and for
the completeness and accuracy of the information concerning such party
contained therein; provided, however, that no party is responsible for the
completeness or accuracy of the information concerning any other party making
the filing, unless such party knows or has reason to believe that such
information is inaccurate.
IN WITNESS WHEREOF, the parties have executed this Joint Filing
Agreement on January 30, 2007.
OAK HILL CAPITAL PARTNERS, L.P.
By: OHCP GenPar, L.P. its General Partner
By: OHCP MGP, LLC
its General Partner
By: /s/ John R. Monsky
----------------------------
Name: John R. Monsky
Title: Vice President
OAK HILL CAPITAL MANAGEMENT PARTNERS, L.P.
By: OHCP GenPar, L.P. its General Partner
By: OHCP MGP, LLC
its General Partner
By: /s/ John R. Monsky
----------------------------
Name: John R. Monsky
Title: Vice President
OHCP GENPAR, L.P.
By: OHCP MGP, LLC its General Partner
By: /s/ John R. Monsky
----------------------------
Name: John R. Monsky
Title: Vice President
OHCP MGP, LLC
By: /s/ John R. Monsky
----------------------------
Name: John R. Monsky
Title: Vice President