M&A Deal Summary

BGH Capital, Ontario Teachers Pension Plan, BCI and CPP Investments Acquire Navitas

On July 5, 2019, private equity firm BGH Capital, pension Ontario Teachers Pension Plan, asset manager BCI and pension CPP Investments acquired education company Navitas for 1.2B USD

Acquisition Highlights
  • This is BGH Capital’s 1st, Ontario Teachers Pension Plan’s 2nd, BCI’s 1st and CPP Investments’ 4th transaction in the Education sector.
  • This is BGH Capital’s , Ontario Teachers Pension Plan’s 17th, BCI’s 7th and CPP Investments’ 49th largest (disclosed) transaction.
  • This is BGH Capital’s 1st, Ontario Teachers Pension Plan’s 5th, BCI’s 1st and CPP Investments’ 1st transaction in Australia.

M&A Deal Summary

Date 2019-07-05
Target Navitas
Sector Education
Buyer(s) BGH Capital
Ontario Teachers Pension Plan
BCI
CPP Investments
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1.2B USD

Target

Navitas

Perth, Australia
Navitas is an education provider that offers an extensive range of educational services through three major Divisions to students and professionals including university programs, creative media education, professional education, English language training and settlement services. Navitas was founded in 1994 and is based in Perth, Western Australia.

Search 215,029 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 4

Buyer

BGH Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2017
PE ASSETS 2.6B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

BGH Capital is a private equity firm that partners with entrepreneurs and management teams in Australia and New Zealand to build strong, sustainable, market-leading businesses. The Firm pursues mid-market companies and does not have any sector preferences. BGH Capital was formed in 2017 and is headquartered in Melbourne.


DEAL STATS #
Overall 1 of 8
Sector: Education M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 2
Country: Australia M&A 1 of 7
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-15 ForHealth

Leichhardt, Australia

ForHealth is a provider of health care services with 69 medical centers, 13 medical practices, and 62 dental clinics. ForHealth is based in Leichhardt, Australia.

Buy AU$500M
Buyer

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 116.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 123 of 176
Sector: Education M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 37 of 39
Country: Australia M&A 5 of 8
Year: 2019 M&A 5 of 12
Size (of disclosed) 17 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Lendmark Financial Services

Lawrenceville, Georgia, United States

Lendmark Financial Services is a consumer finance company specializing in providing a variety of personal loans, automobile loans, and retail merchant sales finance services. Lendmark Financial Services was founded in 1996 and is based in Lawrenceville, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Trivium Packaging

Amsterdam, Netherlands

Trivium Packaging will serve a diverse range of major multinational, regional and local customers operating in a wide array of end markets, including food, seafood, pet food, nutrition, beauty, and personal care, household care and beverages. Trivium Packaging is based in Amsterdam, Netherlands.

Sell $2.5B
Buyer

BCI

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1999
PE ASSETS 21.1B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

British Columbia Investment Management Corp. (BCI) is large asset manager focused on providing investment management services to British Columbia’s public sector. The Firm looks to invest in a range of asset categories and will consider opportunities globally. BCI's private equity practice was established in 1995 and seeks leverage buyout and growth equity opportunities that include market leading companies with tangible downside protection. Portfolio companies have a sustainable competitive advantage, offer value-added products and services, and are led by talented management teams. British Columbia Investment Management Corp. is headquartered in Victoria, British Columbia.


DEAL STATS #
Overall 12 of 32
Sector: Education M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 5
Country: Australia M&A 1 of 2
Year: 2019 M&A 2 of 3
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-05 BMS Group

London, United Kingdom

BMS Group is an independent and employee-owned, specialist (re)insurance broking group which provides clients with local service and global solutions. BMS Group was founded in 1980 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Valence Surface Technologies

El Segundo, California, United States

Valence Surface Technologies is a provider of aerospace surface finishing services, which has historically been a highly fragmented, geographically focused, and technically challenging part of the supply chain. The company was built to offer a differentiated, full-service, supply chain solution for critical, complex parts to the aerospace industry, delivering the lead times, capacity, and technical resources needed to match growing aircraft build rate demand. Valence Surface Technologies was founded in 1957 and is based in El Segundo, California.

Buy -
Buyer
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


DEAL STATS #
Overall 79 of 176
Sector: Education M&A 4 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 22
Country: Australia M&A 1 of 5
Year: 2019 M&A 12 of 21
Size (of disclosed) 49 of 60
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-03 Liberty Living

London, United Kingdom

Liberty Living offers student accommodation in 21 cities across the UK and Europe, we provide all-inclusive student housing & flats up and down the country.

Sell CA$1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Jaggaer

Durham, North Carolina, United States

Jaggaer is a provider of procurement software for large and medium-sized enterprises. Jaggaer provides cloud-based Source-to-Pay eProcurement solutions for spend management, which enables a fluid supply chain for its customers, driven by powerful spend analytics, vendor sourcing, contract lifecycle management, savings tracking, and efficient accounts payable systems on a single platform. Jaggaer was founded in 1995 and is based in Durham, North Carolina.

Buy -