(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
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Partners Group Mulls Sale of Content Outsourcing Firm SPi Global
This content was published on April 22, 2021 - 13:05
April 22, 2021 - 13:05
(Bloomberg) Partners Group Holding AG is considering a sale of content outsourcing company SPi Global, according to people familiar with the matter.
The Swiss buyout firm is in the early stages of evaluating a potential sale amid interest from prospective buyers, the people said, asking not to be identified because the matter is private. A deal could value the business at $800 million to $1 billion or more, the people said.
Other private equity firms and industry players have shown preliminary interest in acquiring SPi Global, the people said. No final decisions have been made, and Partners Group could still opt against a sale, the people said.