Coveo Solutions Inc. receives $100M investment from Elliott Management Corp.

On April 4, 2018, Coveo Solutions Inc. successfully received its $100-million investment from Elliott Management Corp. Elliott Management Corp., a US investment giant, has purchased a 27-per-cent stake in the company, through its Silicon Valley-based private equity arm, Evergreen Coast Capital. The deal values Coveo at $370 million. 

Based in Québec, Coveo Solutions Inc. is a fast-growing company that provides AI-powered search and recommendations solutions to enterprises. 

Coveo Solutions Inc. was represented in-house by Anne Thériault (Legal counsel, CIPP/E - CIPP/US) and Magali Brunelle. Norton Rose Fulbright Canada LLP advised Coveo Solutions Inc. with a team comprising François Duchesneau, Pierre Nicol, Emmanuel Grondin, Antoine Desroches (tax) and Sarah Leclerc. 

Elliott Management Corp. was represented by Gibson, Dunn & Crutcher LLP (New York) and Goodmans LLP (Toronto). In New York, the team included Sean O’Neill and Kristen Poole. In Toronto, the team included Chris Sunstrum, Neill May and Julian Di Bartolomeo (corporate), and Mitchell Sherman and Ken Saddington (tax).

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