Mergers and Acquisitions

CDPQ on the sale of Plusgrade Inc., alongside Novacap to General Atlantic for more than US$1 billion

Caisse de dépôt et placement du Québec
Key Contact
Niko Veilleux

Partner, Corporate, Montréal

Team
Véronique Fortin-Latreille

Associate, Corporate, Montréal

Manon Thivierge

Partner, Tax, Montréal

 

Osler advised Caisse de dépôt et placement du Québec (CDPQ) on the sale of Plusgrade Inc., alongside Novacap and certain other shareholders, to General Atlantic for more than US$1 billion. The transaction gives General Atlantic a stake of more than 50 per cent; CDPQ will remain a significant shareholder of Plusgrade. As a result of the transaction, Plusgrade is valued at more than $2 billion.

Headquartered in Montreal, Plusgrade designs and develops travel industry software and has a portfolio of leading ancillary revenue solutions.

CDPQ is a global investment group with net assets of $434 billion.

General Atlantic is a US-based growth equity investor with $86 billion assets under management.

Osler, Hoskin & Harcourt LLP advised CDPQ with a team consisting of Niko Veilleux and Véronique Fortin-Latreille (Corporate) and Manon Thivierge (Tax).

Value
US$1 billion
Date Closed
March 4, 2024
Lead Office
Montréal
Key Contact
Niko Veilleux

Partner, Corporate, Montréal

Team
Véronique Fortin-Latreille

Associate, Corporate, Montréal

Manon Thivierge

Partner, Tax, Montréal