GlobalLogic announced a rare acquisition. The company took over Skookum, a digital agency headquartered in Charlotte, NC.
We are now entering the season for Q1 earnings, and as always we will look into changes in major trends. The state of the automotive industry will be an area we will be closely monitoring.
Apax Partners has fully exited ER&D vendor GlobalLogic by selling its remaining 48% stake to Zug, Switzerland-based Partners Group. The transaction values GlobalLogic USD 2bn, and I assume that Apax received approximately USD 1bn for this 48% stake. Last