Partners Group to Acquire Ownership Stake in GlobalLogic Inc.
Ropes & Gray represented Partners Group, the global private markets investment manager, in its acquisition of an ownership stake in GlobalLogic Inc. from private equity firm Apax Partners. Partners Group is acting on behalf of its clients in the acquisition. The transaction values GlobalLogic at over $2 billion. Following the acquisition, Partners Group becomes an equal shareholder with existing investor Canada Pension Plan Investment Board. The transaction was announced on May 21.
GlobalLogic, a leader in digital product engineering services, helps clients build innovative digital products that enhance customer engagement and create new revenue streams. Its clients represent well-known global brands across multiple industry verticals, and GlobalLogic has been instrumental in helping organizations navigate the digital transformation arena.
The Ropes & Gray team was led by private equity partners Garrett Charon and David Blittner, tax partner David Saltzman, benefits partner Josh Lichtenstein and litigation & enforcement partner Ama Adams.