Canada Pension Plan Investment Board to acquire a 48% stake in GlobalLogic from Apax Funds.

Canada Pension Plan Investment Board, agreed to acquire a 48% stake in GlobalLogic, a digital product development services company, from Apax Funds. "This is a compelling opportunity for CPPIB to back a highly successful management team in what is a rapidly growing and evolving software engineering services sector. GlobalLogic’s market-leading position, exceptional track record and deep customer relationships will enable it to continue capitalizing on technology megatrends. We look forward to working with the GlobalLogic management team and Apax, a longstanding partner of ours, on the company’s next phase of growth," Ryan Selwood, Canada Pension Plan Investment Board Managing Director.