CDPQ buys Plusgrade for US$150M

CDPQ buys Plusgrade CDPQ buys Plusgrade

CANADA - Caisse de dépôt et placement du Québec acquired an undisclosed minority stake in Plusgrade, a Montreal- based provider of revenue upgrade platform, for a total CAD 200 mil (USD 150.455 mil), in a privately negotiated transaction.

Date Announced: 11/28/2018
Deal Status (as of publication date): Completed
Deal Value (mil): US$150.455

ACQUIRER ADVISORS*
Osler, Hoskin & Harcourt LLP (Legal Advisor)

TARGET ADVISORS*
Morgan Stanley Canada Ltd. (Financial Advisor)
Davies Ward Phillips & Vineberg LLP (Legal Advisor)

Plusgrade, located in Montreal, Canada, is an award-winning technology company at the forefront of ancillary revenue and merchandising in the global travel industry. As the market-leading provider in its category of upsell solutions, Plusgrade is generating billions of dollars of new revenue opportunity and powering leading travel suppliers in more than 50countries.

Caisse de dépôt et placement du Québec, located in Québec City, Québec, is a pension fund manager for public and parapublic pension and insurance plans. It invests in financial markets, private equity, infrastructure, real estate and private debt sectors. As of June30, 2018, it held CAD308.3billion in net assets. The Company was founded in 1965.

*List of advisors are those known at press time.