Mergers and Acquisitions

Caisse de dépôt et placement du Québec in its $200 million investment in Plusgrade

Caisse de dépôt et placement du Québec
Key Contact
Niko Veilleux

Partner, Corporate, Montréal

Team
Hugo-Pierre Gagnon

Partner, Corporate, Montréal

Manon Thivierge

Partner, Tax, Montréal

David Wilson

Partner, Tax, Montréal

Calvin Leung

Partner, Emerging and High Growth Companies, Montréal

On November 28, 2018, Caisse de dépôt et placement du Québec (CDPQ) announced that it acquired an equity interest of $200 million in Plusgrade, a leading provider of revenue solutions to the global travel industry. The portion of the shares were held by TA Associates and will continue to be a major shareholder, alongside the management team and other investors. With this backing, Plusgrade will continue to execute its expansion plan to penetrate new international markets and expanding its suite of products.

Caisse de dépôt et placement du Québec is a long term institutional investor that manages funds for public and parapublic pension and insurance plans.

TA Associates Management, L.P., headquartered in Boston, Massachusetts , is a private equity and venture capital firm specializing in buyouts and minority recapitalizations.

Osler, Hoskin & Harcourt LLP represented CDPQ on the transaction, led by Niko Veilleux, with a team of lawyers that included Hugo‑Pierre Gagnon, Michael Budabin McQuown, Calvin Leung (Corporate), Manon Thivierge and David Wilson (Tax).

Value
$200 million
Date Closed
November 28, 2018
Lead Office
Montréal
Key Contact
Niko Veilleux

Partner, Corporate, Montréal

Team
Hugo-Pierre Gagnon

Partner, Corporate, Montréal

Manon Thivierge

Partner, Tax, Montréal

David Wilson

Partner, Tax, Montréal

Calvin Leung

Partner, Emerging and High Growth Companies, Montréal