Partners Group Acquires Majority Stake in CSS
Partners Group acquired a majority stake in CSS Corp on behalf of its clients in a US$270 million transaction. CSS Corp, a global technology support services company, provides a range of services, including mobility solutions, cloud enablement, technical support and remote infrastructure management to a blue-chip client base that includes some of the largest global technology companies. The company serves a client base in the U.S. and Europe and has a large delivery presence in India, the U.S., the Philippines, Poland, Mauritius, Costa Rica and China.
Tiger Ramesh, CEO of CSS Corp, says, â€œWe are very excited about working with Partners Group. Over the past seventeen years, CSS Corp has built a strong foundation of satisfied long-term clients, best-in-class delivery capabilities and differentiated offerings. In recent times, we have assembled a high-quality management team with the ambition of building a billion-dollar business. In Partners Group, we now have a partner that shares that ambition and whose global presence, strategic leadership and financial strength will be of huge value in that journey. At the same time, CSS Corp welcomes Sanjay Chakrabarty, a technology entrepreneur and minority investor in CSS. CSS Corp will drive a culture of innovation, flexibility and relationships.â€
Andreas Baumann, partner and head Singapore at Partners Group, adds, â€œCSS Corp is already a leader in the supply of specialist technological outsourcing services; this is a sector in which we expect to see strong growth going forward as demand for these services increases. We are looking forward to working with Tiger and the outstanding management team that he has assembled at CSS Corp to realize our shared growth ambitions for the company.â€
Partners Group is a global private markets investment management firm.