Sun, Jan 25, 2015
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. Commodities - Druckenmiller alums at PointState make $1 billion on oil, Andurand Capital sees oil sliding to $40[more]

    Druckenmiller alums at PointState make $1 billion on oil From Bloomberg.com: Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction. “We believe crude oil is going lower -- much lower,” Schreiber, 42, told the audienc

  2. Investing - David Einhorn discloses a new position in Time Warner, Canyon trimming bets on mortgage bonds after making $7bn[more]

    David Einhorn discloses a new position in Time Warner From FTLeavenworthlamp.com: …Einhorn also disclosed a new position in Time Warner. "Since 2009, TWX has refocused its business into a collection of high quality assets including basic cable networks (Turner and CNN), a movie studio (

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r