Partners Group to acquire SPi Global, says PLDT

Partners Group. has agreed to acquire outsourcing company SPi Global Holdings Inc., which is partly owned by Pangilinan-led PLDT Inc., for $330 million.

In an emailed statement, PLDT said the global private markets investment manager will acquire its 18.32-percent stake, held by subsidiary PLDT Global Investments Corp. (PGIC), and the remaining stake from CVC Capital Partners Asia III.

"Completion of this acquisition by Partners Group will be subject to certain closing conditions. Cash distributions to PLDT will be determined after the acquisition is completed," the company said.

SPi is one of the world's largest and most diversified BPO service providers in terms of clients, geographic presence and capabilities.

It provides domain expertise in customer interaction, healthcare and publishing markets.

PLDT sold part of its BPO businesses in 2013, which at that time was owned wholly-owned subsidiary SPi Global, to Asia Outsourcing Gamma Limited – a company controlled by CVC Capital.

PLDT reported a 26 percent drop in core net income to P5.3 billion in the first quarter of the year, as revenue fell by 8 percent to P42.779 billion. — Jon Viktor Cabuenas/VDS, GMA News