Partners Group to buy stake in CPPIB-backed GlobalLogic
Swiss private equity firm Partners Group has agreed to acquire a stake in GlobalLogic Inc, a U.S. provider of digital product development services, from U.K. private equity firm Apax Partners. The transaction values the business at more than US$2 billion. With the deal's close, Partners Group will become an equal shareholder in GlobalLogic with existing investor Canada Pension Plan Investment Board (CPPIB). Last year, CPPIB announced it had acquired a 48 percent stake in the San Jose, California-based company from Apax for an undisclosed amount.
23 May 2018•5 mins read
