Funds affiliated with Baring Private Equity Asia have agreed to buy Straive, a global provider of technology-driven content and data services, from Partners Group, a global private markets firm.

Established in 1980 and headquartered in Singapore, Straive provides a suite of technology-driven platforms and services for the creation and dissemination of e-learning content, research content, and specialized data solutions.

Cyrus Driver, managing director, private equity technology, Partners Group, said, “When we invested in Straive in 2017, we aligned upfront with management and the board on a transformation plan. We took Straive’s strengths in process automation and content operations and applied them to broader end markets with higher growth, playing into the themes of e-learning and big data. Straive’s team has executed exceptionally under Ratan’s executive leadership and Vikram’s board leadership. The team at Partners Group takes great satisfaction that Straive today is stronger than ever and its best years are still ahead of it.”

Ratan Datta, chief executive officer, Straive, commented, “Straive has been on an incredible growth journey under Partners Group’s value-added ownership. SPi’s recent rebranding to Straive marks our more advanced offering and increased focus on technology-driven solutions. We have started to see the fruits of investing behind and expanding our addressable markets. We thank Partners Group for their value creation approach, platform building contributions, and financial resources, which have been crucial in transforming our business. We now look forward to working with BPEA on our exciting next chapter.”

Vikram Talwar, chairman of the board, Straive, said, “On behalf of the Board, I would like to congratulate Ratan and the first-rate leadership at Straive for successfully executing an ambitious strategic plan set out by the Board. My fellow Board members have played a valuable role in charting strategic direction and supporting key management initiatives. We believe together with Ratan’s team, Straive is now positioned as a leading, future-ready provider of critical content, data, and EdTech platform services. I am confident the business will go from strength to strength under the new ownership.”

Yuan En Lim, member of management, private equity, Partners Group, added, “Our joint value creation plan with management has enabled Straive, already a leader in Research Content and Data Solutions, to build a strong presence in the high-growth digital education market. We believe the Company is set to continue its growth trajectory as recent investments begin to pay-off fully. We have really enjoyed partnering closely with Straive’s talented leadership in true Partners Group tradition.”

J.P. Morgan acted as exclusive financial advisor to Partners Group on the transaction. Latham & Watkins and EY also advised Partners Group on the transaction.