Partners Group signs agreement to acquire SPi GlobalBack to list
We are happy to share with you an important update on SPi Global. Kindly find below excerpts from the press release issued by Partners Group on 22 May 2017.
We would like to assure you that our entire leadership and delivery teams remain fully committed to continue with us on this journey.
Thank you for your continued support.
President and CEO
Partners Group to acquire SPi Global, the leading global provider of specialized BPO services to research and education publishers
Partners Group, the global private markets investment manager, has agreed to acquire SPi Global ("SPi" or "the Company"), a provider of outsourced services to education, science, technical and medical research publishers worldwide, on behalf of its clients. The Company is being acquired from CVC Capital Partners Asia III.
Following the acquisition, Partners Group will work with SPi's management team, led by CEO Ratan Datta, on a number of value creation initiatives to expand the Company both organically and through select acquisitions. These will include the introduction of additional offerings to SPi's service catalogue and the expansion of the Company's business applications segment.
Ratan Datta, President and CEO of SPi Global, states: "After a period of dynamic growth under our prior owners, we are very happy to welcome Partners Group as our new business partner and look forward to working with the firm to further complement our global footprint as well as client service capabilities."
Following the transaction, three senior Partners Group executives will join the Board of Directors at SPi. They are Cyrus Driver, Managing Director, Private Equity Directs Asia, Christian Unger, Managing Director, Industry Value Creation, and Florian Marquis, Senior Vice President, Private Equity Directs Asia.
Cyrus Driver comments: "Through best-in-class delivery, technology-enabled efficiencies and global scale, SPi has become a strategic vendor to the largest global publishers. As the publishing world transforms and expands at a rapid pace, SPi has a very exciting opportunity to support its customers with an enhanced range of services and leading edge technology solutions. We very much look forward to working with Ratan and his impressive team to helping SPi achieve its full potential."
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 54 billion (USD 57 billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, Denver, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 900 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees.