Apax exits remaining GlobalLogic stake to Partners Group
Apax Partners has sold its remaining 48% interest in GlobalLogic, an IT outsourcing company founded by several Indian entrepreneurs, to Partners Group. The deal values the business at more than $2 billion.
Having bought a majority stake in US-headquartered GlobalLogic for $420 million in 2013 – taking out a string of existing PE investors – Apax sold 48% to Canada Pension Plan Investment Board (CPPIB)...
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