Apax to sell GlobalLogic stake to Partners Group

Apax Partners has agreed to sell its stake in GlobalLogic Inc to Partners Group. Financial terms weren’t announced. The deal values GlobalLogic at $2 billion. In 2017, Apax sold 48 percent of its stake in GlobalLogic to Canada Pension Plan Investment Board. Partners and CPPIB now have an equal stake in GlobalLogic, of San Jose, a provider of digital product engineering services.

DealsNorth AmericaUSBriefs