M&A Deal Summary

CPP Investments Acquires Ports America

On September 29, 2021, pension CPP Investments acquired marine company Ports America from Oaktree Capital Management

Acquisition Highlights
  • This is CPP Investments’ 2nd transaction in the Marine sector.
  • This is CPP Investments’ 59th transaction in the United States.
  • This is CPP Investments’ 2nd transaction in New Jersey.

M&A Deal Summary

Date 2021-09-29
Target Ports America
Sector Marine
Buyer(s) CPP Investments
Sellers(s) Oaktree Capital Management
Deal Type Secondary Buyout

Target

Ports America

Morristown, New Jersey, United States
Ports America is a marine terminal operator in North America with operations in 70 locations and 33 ports across the United States. The company provides technology-driven solutions and covers a wide range of supply chain services including container, RoRo, breakbulk, military, and cruise ship operations. Ports America is based in Morristown, New Jersey.

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Buyer(S) 1

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 122 of 176
Sector: Marine M&A 2 of 2
Type: Secondary Buyout M&A Deals 30 of 46
State: New Jersey M&A 2 of 3
Country: United States M&A 59 of 82
Year: 2021 M&A 19 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-29 Cohizon Life Sciences

Mumbai, India

Cohizon Life Sciences is an Indian Contract Development and Manufacturing Organization with expertise in large-scale production of active ingredients, intermediates and specialty chemicals focused on end-use applications such as agrochemicals and pharmaceuticals. Cohizon Life Sciences was founded in 1983 and is based in Mumbai, Maharashtra.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 Mitchell

San Diego, California, United States

Mitchell is a provider of information, workflow, and performance management solutions to the automotive insurance claims and collision repair industries. Mitchell was founded in 1946 and is based in San Diego, California.

Sell -

Seller(S) 1

SELLER

Oaktree Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 73 of 90
Sector: Marine M&A 3 of 3
Type: Secondary Buyout M&A Deals 21 of 28
State: New Jersey M&A 3 of 4
Country: United States M&A 53 of 59
Year: 2021 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 atomos wealth

London, United Kingdom

atomos wealth is a wealth management firm offering a variety of services including investment management and financial planning advice. atomos wealth was formerly Sanlam Wealth and is based in London, United Kingdom.

Buy £140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 LuxVet

Warsaw, Poland

LuxVet is a platform for acquiring veterinary practices. The platform will consist of around 200 veterinary facilities - bringing together the best and most ambitious veterinarians and practice owners. Among the facilities LuxVet Group will also build modern veterinary hospitals of European standards in the largest cities. The platform will focus on developments and bringing new standards of services in clinics, new technology, and give access to capital and modern medical knowledge. LuxVet is based in Warsaw, Poland.

Buy -