Narayan AmmachchiGlobal private market management firm Partners Group has agreed to acquire Philippine outsourcing firm SPi Global for $330 million.
Manila-based SPi Global was jointly owned by Philippine Long Distance Telephone Co (PLDT) and CVC Capital Partners Asia III.
The BPO firm, founded in 1980, provides outsourced services to education, technical, and research publishers as well as business application customers.
“Our services span a publisher’s entire value chain, from author support and content development, through to copy editing and typesetting, digitalization, database management, and data analytics,” claims SPi.
With 12 delivery centers and more than 12,500 people, SPi serves its clients in 14 languages.
“As the publishing world transforms and expands at a rapid pace, SPi has a very exciting opportunity to support its customers with an enhanced range of services and leading edge technology solutions,” said Cyrus Driver, Partners Group’s Managing Director.
Three years ago, SPi Global provided many BPO services, including customer service. In 2014, it spun out its healthcare BPO and then, two years later in 2014, it sold off its CRM business as well. One of its divested offshoots that provides customer care service has a delivery center in Nicaragua.
Partners Group says it will discuss with SPi’s management team, led by CEO Ratan Datta, on a number of value creation initiatives and expand the company both organically and through acquisitions.
Following the transaction, three senior Partners Group executives will join SPi’s managing board.
“With its prior exposure and strategic interest in the content and learning sectors, Partners Group’s experience, global network, and values make it the right partner to support our continued growth,” said Ratan Datta.
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