Apax Partners’ Funds to acquire GlobalLogic
London and McLean, Va, – ODSA Topco Limited (“ODSA”), a company backed by Funds advised by Apax
Partners (“Apax”), a global private equity firm, and GlobalLogic, a full-lifecycle product development
services company, today announced that they have entered into a definitive agreement for ODSA to
acquire GlobalLogic. The agreement will further enable GlobalLogic to deliver design and engineering
solutions to companies worldwide, and continue as a leading provider of software R&D services. Terms
of the agreement were not disclosed.
Under the terms of the transaction, the GlobalLogic business will be acquired by ODSA. The transaction
is subject to customary closing conditions and is expected to be completed before the end of 2013.
“Over the past decade, we have built GlobalLogic into a 6,600 person-strong global innovation engine,”
GlobalLogic CEO Shashank Samant said. “The decision to bring in Apax as an investor is based on
continuing and growing the momentum and market share that we’ve gained and will allow us to
significantly increase our global reach for clients in key markets. Apax is the ideal partner to help us do
Salim Nathoo, partner at Apax Partners, said, “Shashank and the team at GlobalLogic have built an
impressive platform with global delivery, strong product engineering capabilities, and a long and
growing list of partnerships with world-class clients. We are excited to partner with the GlobalLogic
team to support their continued development of exceptional product design and engineering
Prior to the acquisition, GlobalLogic has been funded by, among others, WestBridge Capital, New
Atlantic Ventures (NAV), New Enterprise Associates (NEA) and Sequoia Capital.
Royal Bank of Canada and Credit Suisse acted as financial advisors to Apax and will provide financing for
the transaction. J.P. Morgan Securities LLC acted as financial advisor to GlobalLogic. Kirkland & Ellis LLP
provided legal advice and KPMG provided accounting and tax advice to Apax. Hogan Lovells US LLP
provided legal advice to GlobalLogic.
As a leader in software R&D services, GlobalLogic is focused on product development innovation.
GlobalLogic leverages its global experience and expertise in design and engineering to build partnerships
with market-defining businesses and technology leaders who want to make amazing products, discover
new revenue opportunities and accelerate time to market.
Apax Partners is one of the world’s leading private equity investment groups. It operates globally and
has more than 30 years of investing experience. Funds under the advice of Apax Partners total over $40
billion around the world. These funds provide long-term equity financing to build and strengthen world-
class companies. Funds advised by Apax Partners invest in companies across its global sectors of
Services, Consumer, Healthcare and Tech & Telecom.
Apax has a long and successful track record of investing in the Tech & Telecom sector. Funds advised by
Apax have invested approximately €5.5 billion in Tech & Telecom buyouts since 1993. Past investments
in this sector include: Orange Switzerland, one of the leading mobile operators in Switzerland; Paradigm
Ltd, a leading independent provider of mission critical software solutions for the oil and gas exploration
and production industry worldwide; Epicor Software Corporation, a global leader in business software
solutions for manufacturing, distribution, retail and services organizations; and iGATE Corporation, the
first integrated technology and operations company providing Business Outcomes based solutions. For
further information about Apax, please visit: www.apax.com.
GlobalLogic is a full-lifecycle product development services leader that combines deep domain expertise
and cross-industry experience to connect makers with markets worldwide. Using insight gained from
working on innovative products and disruptive technologies, we collaborate with customers to show
them how strategic research and development can become a tool for managing their future.
Headquartered in the United States, GlobalLogic operates design and engineering centers around the
world, extending the benefits of its authentic global presence to customers in digital media, electronics,
healthcare, infrastructure, finance, retail, and telecom industries. The company works with both start-
ups and industry leaders, including many of the world’s top hardware, software, and consumer brands.
GlobalLogic is a trademark of GlobalLogic. All other brands, products or service names are or may be
trademarks or service marks of their respective owners.
t: +1 415 901 6375
Weber Shandwick for GlobalLogic
t: +1 415 262 5977
Sarah Rajani CFA
Director of Communications
t: +44 20 7666 6573
Senior Vice President
Kekst & Company
t: +1 212 521 4854