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Partners Group has been exploring a sale of Straive as other potential investors had shown interest in acquiring the company, Bloomberg News first reported in April.
Founded in 1980, Straive provides outsourcing services to financial services firms, education, science, technical and medical research publishers globally, according to its website. It has a presence in countries including the Philippines, India, China, Vietnam, the U.S., the U.K., Singapore and Nicaragua. The company, whose headquarters is in Singapore, rebranded as Straive in April.
Partners Group bought the company from CVC Capital Partners in a 2017 deal valuing the firm at $330m. It has since then expanded via acquisitions including last year’s purchase of a majority stake in business-to-business education technology service provider LearningMate from India-focused private equity firm Helix Investments for an undisclosed amount.
Shares of Partners Group climbed 0.8% on Friday in Zurich, valuing the firm at nearly $47bn. The stock has risen 55% this year
Source: Swiss Info
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