ODSA agrees to buy VC-backed GlobalLogic
ODSA Topco Limited, which is backed by Apax Partners' funds, said Tuesday that it has agreed to acquire GlobalLogic. No financial terms were disclosed. The transaction is expected to close before the end of 2013. Royal Bank of Canada and Credit Suisse served as financial advisors to Apax and will provide financing for the transaction. J.P. Morgan Securities acted as financial advisor to GlobalLogic. GlobalLogic is a provider of full-lifecycle product development services. It was backed by WestBridge Capital, New Atlantic Ventures, New Enterprise Associates and Sequoia Capital.
8 October 2013•4 mins read
