Swiss investor buys stock worth $1 billion in one of Ukraine’s largest IT companies

By Denys Krasnikov / May 26, 2018

Partners Group, a Swiss investment company, has bought shares in international GlobalLogic, one of the three most profitable Ukrainian tech firms, and one the biggest employers in Ukraine’s tech sector.

The Swiss company announced on May 23 it had acquired 48% of GlobalLogic shares, which, given the company’s market capitalization ($2 billion), means the deal cost about $1 billion.

“Partners Group has a long and successful track record of working with high-growth companies, and we are very pleased to have an investor that understands our business and shares our vision of building an even stronger company,” said Shashank Samant, GlobalLogic’s CEO on May 23.

Topics: Capital markets, Finance, International, IT services, M&A, News

About

Denys Krasnikov

Denys Krasnikov is a Kyiv Post IT reporter. He studied journalism in Zaporizhia National University. Denys can be reached at krasnikov[at]kyivpost.com.

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About

The Kyiv Post

Launched in 1995, Kyiv Post is Ukraine’s leading English-language newspaper, produced by a team of Western and Ukrainian journalists. Over the years, the weekly newspaper has led the charge for a free press in Ukraine, and has played roles in the Georgiy Gongadze scandal, the Orange Revolution and other significant Ukrainian events. The Kyiv Post’s IT coverage is sponsored by Looksery, Ciklum, Steltec Capital and SoftServe. The content is independent of the donors.

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