Deals
Partners Group to Acquire GlobalLogic Stake From Apax Partners
- Deal values the California-based business at about $2 billion
- Partners becomes an equal shareholder with Canada pension fund
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Partners Group Holding AG agreed to buy a stake in GlobalLogic Inc. from funds advised by private equity firm Apax Partners LLP in a deal that values the software development company at more than $2 billion.
Zug, Switzerland-based Partners will become an equal shareholder with existing investor Canada Pension Plan Investment Board, Apax said in a statement Monday. CPPIB became a shareholder in April 2017 when Apax sold a 48 percent stake to the pension fund.