Partners Group to buy majority stake in Indian broadband firm Atria Convergence

Partners Group has entered into an agreement to acquire a majority stake in broadband services company Atria Convergence Technologies Ltd (ACT), from its existing investors Argan (Mauritius) Ltd, an entity controlled by homegrown private equity firm True North, and TA Associates, at an enterprise value of nearly $1.2 billion, the companies said in a statement.