Onex Partners V LP, managed by Onex Corporation (TSX:ONEX), and management of TES Global Limited agreed to acquire TES Global Limited from Providence Equity Partners L.L.C. on December 7, 2021. As a part of the transaction, Rod Williams, Chief Executive Officer of TES Global Limited and its team will join Onex Corporation. The transaction is subject to regulatory approval and is anticipated to close in the first quarter of 2022. Rothschild & Co SCA (ENXTPA:ROTH) acted as financial advisor and Latham & Watkins LLP acted as legal advisor to Onex Corporation, Arma Partners LP and Morgan Stanley & Co. International plc acted as financial advisor to TES Global Limited. James Harvey, Oliver Walker and Barry Fishley of Weil, Gotshal & Manges LLP acted as legal advisor to TES Global Limited and Providence Equity Partners L.L.C.