(Bloomberg) Baring Private Equity Asia is in advanced talks to acquire content outsourcing company Straive from Swiss buyout firm Partners Group Holding AG, according to people familiar with the matter. The parties are finalizing the details of a transaction to buy Straive, formerly known as SPi Global, for about $1 billion, the people said. Baring has emerged as the preferred buyer of the business after outbidding other private equity firms, the people said. An announcement could come as early as this month, the people said. Talks could still be delayed or fall apart, they said. Representatives for Baring and Partners Group declined to comment. A deal would mark Baring’s second sizable acquisition this month after it agreed to buy Hinduja Global Solutions Ltd.’s health-care services business at an enterprise value of $1.2 billion. Partners Group has been exploring a sale of Straive as other potential investors had shown interest in acquiring the company, Bloomberg News first rep
Baring Said in Advanced Talks for $1 Billion Straive Acquisition swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
New Delhi: Hinduja Group company Hinduja Global Solutions Ltd (HGS) will divest its healthcare services business to funds affiliated with Baring Private Equity Asia (BPEA), based on enterprise value.