Partners Group Agrees to Sell Outsourcing Firm Straive to Baring

Swiss buyout firm Partners Group Holding AG has agreed to sell content outsourcing company Straive to Baring Private Equity Asia.

The company didn’t provide any financial details in Friday’s announcement, which confirmed an earlier Bloomberg News report.

Baring has emerged as the preferred buyer of the business after outbidding other private equity firms, people familiar with the matter have said. Striave, formerly known as SPi Global, could be valued at about $1 billion in a deal.

Shares in Partners Group rose about 0.1% as of 10:51 a.m. in Zurich after dropping as much as 0.6% earlier.

The transaction ...