PAG Buys UK Outsourcer From Nash Squared in Tech-Services Deal

PAG, one of Asia’s biggest alternative asset managers, has bought London-based information technology services outsourcing company NashTech from Nash Squared.

The deal will allow Nash Squared to focus more on its technology investments and artificial intelligence capabilities, according to a statement on Monday. PAG, which oversees about $55 billion in assets, said that the purchase will help drive NashTech grow outside of its core UK and US markets. Financial terms of the transaction weren’t disclosed.