M&A Deal Summary

EQT Private Capital Asia Acquires Straive

On August 20, 2021, private equity firm EQT Private Capital Asia acquired information technology company Straive from Partners Group

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

M&A Deal Summary

Date 2021-08-20
Target Straive
Sector Information Technology
Buyer(s) EQT Private Capital Asia
Sellers(s) Partners Group
Deal Type Secondary Buyout

Target

Straive

Paranaque 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. Straive was founded in 1980 and is based in Paranaque City, Philippines.

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Buyer(S) 1

Buyer

EQT Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital 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. EQT Private Capital Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 52 of 69
Sector: Information Technology M&A 4 of 6
Type: Secondary Buyout M&A Deals 12 of 16
Country: Philippines M&A 1 of 1
Year: 2021 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-09 Sagility

Westminster, Colorado, United States

Sagility is a technology and transformation-driven BPM services with decades of healthcare domain expertise to help clients draw closer to their members. The company optimizes the entire member/patient experience through service offerings for clinical operations, member engagement, provider solutions, payment integrity, claims cost containment, and analytics. Sagility is based in Westminster, Colorado.

Buy $1.2B
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, Singapore.

Buy -

Seller(S) 1

SELLER

Partners Group

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1996
PE ASSETS 174.0B USD
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 22 of 38
Sector: Information Technology M&A 3 of 3
Type: Secondary Buyout M&A Deals 12 of 17
Country: Philippines M&A 1 of 1
Year: 2021 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Hortifruti

Cariacica, Brazil

Hortifruti is a retails horticulture, fruits, and food products. Hortifruti was founded in 1989 and is based in Cariacica, Brazil.

Sell R$2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-24 Milestone

St. Charles, Missouri, United States

Milestone is a trailer, chassis, and container leasing company. Milestone was founded in 1995 and is based in St. Charles, Missouri.

Buy -