TaskUs Inc: A Strategic Investment for Growth in the Technology Sector

Think Investments LP has increased its stake in TaskUs Inc, a provider of outsourced digital services, by 14.79% to 3,734,665 shares. The strategic move reflects Think Investments LP's confidence in TaskUs Inc's growth potential and its alignment with the firm's investment focus on technology and consumer cyclical sectors. TaskUs Inc is currently trading at $17.4 with a price-to-earnings ratio of 25.22, indicating it is fairly valued according to GuruFocus. The company has shown a 3.26% gain since the transaction, with a year-to-date price change of 3.02%.

San Francisco, July 02, 2025 — Think Investments LP, a significant shareholder in TaskUs Inc. (Nasdaq: TASK), has publicly opposed the company's proposed take-private transaction with Blackstone and TaskUs' founders. The investor, which holds 3.7 million Class A shares, has raised concerns about the $16.50 per share buyout price, stating that it undervalues the company [1].

Think Investments' opposition is detailed in a presentation that outlines several key points. The investor argues that the proposed transaction price substantially undervalues TaskUs. Their analysis of relevant comparable transactions and the company's recent operating outperformance indicates that a fair valuation for TaskUs is $25.00 per share, more than 50% above the proposed buyout price [1]. Additionally, TaskUs has significantly outperformed financial expectations since the announcement of the transaction, further warranting a re-rating [1].

The presentation also highlights the skewed process that led to the proposed transaction. Think Investments believes that the TaskUs Board of Directors' Special Committee failed to undertake a comprehensive process to determine a fair price for the company. The fairness opinion appears to deliberately and exclusively include precedent transactions and public comparables with low valuation multiples [1]. Notably, the most relevant precedent transaction, the acquisition of WNS by Capgemini, was omitted from the company's valuation materials. This transaction implies a fair value for TaskUs of approximately 12x LTM EBITDA, in contrast to the fairness opinion's 6.8x median precedent transaction multiple [1].

Think Investments also contends that the transaction would prevent minority shareholders from realizing TaskUs' significant value creation potential, particularly in AI services. AI Services constitute the fastest scaling portion of the business, with 65.5% YoY growth in H1'25. Coupled with strong momentum coming out of the first half of the year, Think Investments believes the transaction's contemplated price fails to compensate minority shareholders for the company's intrinsic value [1].

The transaction is conditioned on approval by a majority of the unaffiliated vote, and Think Investments' opposition could impact the vote's outcome. The investor plans to vote against the transaction, believing that TaskUs has significant value creation potential, particularly in AI services, and that minority shareholders would be prevented from realizing this upside [1].

References:
[1] https://www.businesswire.com/news/home/20250826427300/en/Significant-Shareholder-Think-Investments-Issues-Presentation-Detailing-Opposition-to-TaskUs-Take-Private-Transaction
[2] https://www.ainvest.com/news/blackstone-faces-opposition-taskus-acquisition-undervaluation-concerns-2508/
[3] https://www.ainvest.com/news/investments-opposes-taskus-private-transaction-16-50-share-2508/