Fri, Feb 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Private Equity Strategies

Sector Focus: Partners Group Takes Controlling Stake In CSS Corp for $270m – Eyes Emerging Markets

Tuesday, July 23, 2013

By: Bailey McCann, Private Equity Strategies

Partners Group, a Swiss investment manager, has acquired a majority stake in CSS Corp on behalf of its clients in a $270 million transaction. CSS Corp, is a global technology support services company. The company serves a client base in the US and Europe and has a large delivery presence in India, the US, the Philippines, Poland, Mauritius, Costa Rica and China.

"We have a high opinion of the management team, and have conviction about the business’ growth potential,” Cyrus Driver, Managing Director, Partners Group, tells Private Equity Strategies.

CSS Corp was founded in 1996, and is now a world leader in technology support services with service delivery centers in 13 locations worldwide. CSS Corp’s CEO, “Tiger” TG Ramesh, has assembled a hand-picked team of executives from multi-billion dollar IT firms to drive a global expansion strategy. Driver explains that Partners Group saw an opportunity to provide growth equity financing for this next phase.

The focus of this transaction will be to build-out sales and further expand the firm’s service footprint by adding delivery centers in new geographies. CSS Corp will focus on building its business in analytics-led customer support, mobility, virtualization and telecom services.

“A large majority of CSS customers are based in the US but they also service customers in Europe and Asia. We think that the business will benefit from untapped growth opportunities in Latin America, that we can help access,” Driver says.

According to Driver, the interest in CSS stems from being able to expand into emerging markets. “We are not restricted by industry. Across industries, we seek investment opportunities in midcap businesses that straddle emerging and developed markets and that we can help grow to the next level. We continue to see a lot of opportunities in emerging markets. We recognize that emerging markets are no longer undiscovered and hence investors need to generate alpha to drive returns. We focus on investments with development potential and which we can add substantial value to.”

Partners has approximately EUR 28bn in investment programs under management in private equity, private real estate, private infrastructure and private debt.

 
This article was published in Opalesque's Private Equity Strategies our monthly research update on the global private equity landscape including all sectors and market caps.
Private Equity Strategies
Private Equity Strategies
Private Equity Strategies
Private Equity Strategies


Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. People - Kuwait wealth fund head Al Saad said to step down after 14 years[more]

    From Bloomberg.com: Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world's fifth-largest sovereign wealth fund for 14 years, a person familiar with the matter said. The KIA, as the fund is known, is finalizing the appointment, said

  2. Investing - Hedge funds loading up on this dividend stock, The biggest hedge funds have been piling into bank stocks[more]

    Hedge funds loading up on this dividend stock From Incomeinvestors.com: Hedge funds are backing up the truck on Cameco Corp stock. Billionaire Jim Simons owns 389,000 shares. Other Wall Street titans - including Ray Dalio, Ken Griffin, and Chuck Royce - have been quietly building positio

  3. Legal - Fannie, Freddie shares dive after U.S. appeals court ruling[more]

    From Reuters.com: Shares of Fannie Mae and Freddie Mac tumbled more than 30 percent on Tuesday after a U.S. appeals court shut down efforts by hedge funds and other investors to pursue numerous legal claims accusing the U.S. government of seizing their profits following taxpayer bailouts. By a

  4. Institutional investors plan to raise allocations to alternative assets in 2017[more]

    Komfie Manalo, Opalesque Asia: A survey by Context Summits Miami showed that nearly 72% of institutional investors and family offices plan to raise their allocations to alternative asset managers this year, suggesting continued strong demand for the industry. "As many large, brand name f

  5. Comment - Mortgages, mergers and hedge fund fees, Fairholme's Berkowitz responds to court ruling against hedge fund suits of Fannie Mae[more]

    Mortgages, mergers and hedge fund fees From Bloomberg.com: Yesterday the U.S. Court of Appeals for the D.C. Circuit handed down an odd decision in a lawsuit over the government's nationalization of Fannie Mae and Freddie Mac. The key issue is what's called the "Third Amendment," the 2012