Baring PE Asia to buy Partners Group's BPO Straive

Swiss private equity firm Partners Group said on Friday that it agreed to sell Straive, a global provider of technology-driven content and data solutions, to Baring Private Equity Asia (BPEA).

Financial terms were not disclosed.

People familiar with the matter said the deal valued Straive at $800 million to $1 billion.


Established in 1980, Singapore-based Straive provides technology-driven platforms, research content and specialised data solutions. It has more than 17,000 employees in 15 locations in the Philippines, Singapore, India, China, Vietnam, the US, the UK and Nicaragua.

Partners Group acquired a majority stake in Straive, then known as SPi Global, in August 2017.

Recently, Baring Private Equity Asia had acquired the healthcare services vertical of Hinduja Global Solutions for an enterprise value of Rs 9,000 crore.

Hinduja Global is the business process management entity of the Hinduja Group.

With assets under management of $23 billion, BPEA has invested in other technology services companies such as Hexaware, Citiustech, Coforge (NIT Technologies) and Virtusa as well.

“When we invested in Straive in 2017, we aligned upfront with management and the board on a transformation plan. The team at Partners Group takes great satisfaction that Straive today is stronger than ever and its best years are still ahead of it,” said Cyrus Driver, managing director, private equity technology, at Partners Group.

JP Morgan acted as the exclusive financial adviser to Partners Group on the transaction. Since 1996, Partners Group has invested more than $150 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally.

It had $119 billion in assets under management as of June 30.