M&A Deal Summary

Baring Private Equity Asia Acquires Straive

On August 20, 2021, private equity firm Baring Private Equity Asia acquired information technology company Straive from Partners Group AG

Acquisition Highlights
  • This is Baring Private Equity Asia’s 4th transaction in the Information Technology sector.
  • This is Baring Private Equity Asia’s 1st transaction in Philippines.

M&A Deal Summary
Date 2021-08-20
Target Straive
Sector Information Technology
Buyer(s) Baring Private Equity Asia
Sellers(s) Partners Group AG
Deal Type Secondary Buyout

Target

Straive

Parañaque City, Philippines
Straive provides a comprehensive set of specialized services and technology solutions related to the creation, enrichment, and transformation of the published content. These services span a publisher's entire value chain, from author support and content development, through copy editing and typesetting, to digitalization, database management, and data analytics. The company serves its clients in 14 languages through 12 delivery operations globally and employs more than 12,500 people. Straive was formed in 1980 and is based in Parañaque City, Philippines.

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Buyer(S) 1

Buyer

Baring Private Equity Asia

Hong Kong, China

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Baring Private Equity Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. Baring Private Equity Asia was formed in 1997 and is based in Hong Kong.

DEAL STATS #
Overall 38 of 43
Sector (Information Technology) 4 of 4
Type (Secondary Buyout) 12 of 14
Country (Philippines) 1 of 1
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-09 Logen

Seoul, South Korea

Logen is a domestic parcel delivery company focused on small and mid-volume customers in South Korea. It currently operates a nationwide network of more than 310 agencies managing over 7,200 truck drivers that handle 272 million parcels annually. Logen was formed in 1999 and is based in Seoul, South Korea.

Sell $324M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Virtuos

Singapore, Singapore

Virtuos is a global video game development company that specializes in game development and 3D art production for AAA consoles, PC, and mobile titles. Virtuos was founded in 2004 and is based in Singapore City.

Buy -

Seller(S) 1

SELLER

Partners Group AG

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1996
Size Mega
Type Sector Agnostic
DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.

DEAL STATS #
Overall 19 of 25
Sector (Information Technology) 3 of 3
Type (Secondary Buyout) 12 of 16
Country (Philippines) 1 of 1
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Reedy Industries

Glenview, Illinois, United States

Reedy Industries is a provider of commercial HVAC services, mechanical services, and energy solutions primarily serving commercial, industrial, and municipal buildings in the Midwest. Reedy Industries serves over 6,000 customers focusing on preventative maintenance, break/fix repairs, and retrofit projects. Reedy Industries was founded in 1930 and is based in Glenview, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 BluSky Restoration

Centennial, Colorado, United States

BluSky Restoration is a provider of commercial, industrial, governmental, and multi-family restoration, renovation, environmental, and roofing services with an emphasis on commercial, large losses, and emergency restoration services across the continental United States. BluSky Restoration was founded in 2004 and is based in Centennial, Colorado.

Buy -
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