Kirkland & Ellis LLP is representing GlobalLogic, a global leader in digital product development services, and funds advised by Apax Partners LLP, a leading global private equity advisory firm, in its approximate 48 percent equity sale to Canada Pension Plan Investment Board (CPPIB), a professional investment management organization. Apax funds will retain an equal stake to CPPIB in the company. The terms of the transaction were not disclosed. The full release is available here.
The Kirkland team was led by corporate partners Srinivas Kaushik, Joshua Soszynski and Adi Herman and associates Andrew Kimball, Daniel Tavakoli, Laura Brayton and Lisa Phua; debt finance partners Jay Ptashek and Judson Oswald and associate Peter Leung; and tax partner Mike Carew and associate Anthony Sexton.