Baring PE Asia nears $1b deal to acquire Philippines-based outsourcing firm Straive

Manila, Philippines. Photo: David Milmont/unsplash

Alternative investment major Baring Private Equity Asia is said to be edging closer to acquire Philippine-based content technology outsourcing firm Straive (formerly known as SPi Global) from Swiss fund manager Partners Group for $1 billion, according to a Bloomberg report.

The report said Baring PE Asia and Partners Group are already finalising the details of the $1-billion deal but the talks could still be delayed or fall apart. Baring PE Asia outbid other private equity firms that expressed interest to acquire the outsourcing company.

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