Partners Group, CPPIB exit GlobalLogic to Hitachi
Partners Group and Canada Pension Plain Investment Board (CPPIB) are exiting a combined 90% stake in US-headquartered GlobalLogic to Japan’s Hitachi at an equity valuation of $8.5 billion.
The total acquisition cost, including debt, is expected to be $9.6 billion, representing 37.4x GlobalLogic’s expected EBITDA for 2021. The transaction is scheduled to close in July. Partners Group...
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