Baar-Zug, 25 June 2013
Partners Group acquires majority stake in CSS Corp, a global technology support services leader
Partners Group, the global private markets investment manager, has acquired a majority stake in CSS Corp on behalf of its clients in a USD 270 million transaction. CSS Corp, a global technology support services leader, 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 US and Europe and has a large delivery presence in India, the US, the Philippines, Poland, Mauritius, Costa Rica and China.
Since its inception in 1996, CSS Corp has grown to become a world leader in technology support services, with service delivery centers in 13 locations worldwide and a team of over 5’400 professionals. CSS Corp’s CEO, “Tiger” TG Ramesh, has built around him a hand-picked team of executives from multi-billion dollar IT firms to drive a global expansion strategy. Partners Group will partner the company in this next phase of growth, in which the emphasis will be on the build-out of sales and the further expansion of the firm’s service footprint by adding delivery centers in new geographies. CSS Corp will focus on building its business in analytics-led customer support, mobility, virtualization and telecom services.
Tiger Ramesh, CEO of CSS Corp, says: “We 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.”
Andreas Baumann, Partner and Head Singapore at Partners Group, adds: “CSS 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.”