Switzerland's Partners Group to acquire SPi Global

MANILA – Partners Group, a global investment management firm, will acquire SPi Global in a transaction that values the Philippines-based outsourcing company at $330 million, PLDT Inc. said Monday.

PLDT Inc has an 18.32-percent economic interest in SPi Global through its indirect subsidiary, PLDT Global Investments Corp.

Aside from PLDT Global Investments Corp, SPi Global is also controlled by CVC Capital Partners Asia III.

SPi Global provides outsourced services to education, science, technical and medical research publishers.

“As the publishing world transforms and expands at a rapid pace, SPi has a very exciting opportunity to support its customers,” said Cyrus Driver, managing director of Partners Group, which has headquarters in Switzerland.

source: news.abs-cbn.com