M&A Deal Summary

Ontario Teachers Pension Plan and Court Square Capital Partners Acquire Worldspan

On June 30, 2003, pension Ontario Teachers Pension Plan and private equity firm Court Square Capital Partners acquired information technology company Worldspan

Acquisition Highlights
  • This is Ontario Teachers Pension Plan’s 1st and Court Square Capital Partners’ 1st transaction in the Information Technology sector.
  • This is Ontario Teachers Pension Plan’s 2nd and Court Square Capital Partners’ 5th transaction in the United States.
  • This is Ontario Teachers Pension Plan’s 1st and Court Square Capital Partners’ 1st transaction in Georgia.
Investment Fate
  • Worldspan was sold to a strategic buyer in 2006 for 1.4B USD.

M&A Deal Summary

Date 2003-06-30
Target Worldspan
Sector Information Technology
Buyer(s) Ontario Teachers Pension Plan
Court Square Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Worldspan

Atlanta, Georgia, United States
Worldspan is a global provider of mission-critical electronic global distribution and information technology services to the travel industry, operating the second largest distribution system for travel in the United States.

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Buyer(S) 2

Buyer

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B 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 8 of 176
Sector (Information Technology) 1 of 14
Type (Buyout (LBO, MBO, MBI)) 6 of 40
State (Georgia) 1 of 7
Country (United States) 2 of 73
Year (2003) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-01 Kabel Deutschland

Unterfohring, Germany

Kabel Deutschland is the cable television operator in Germany

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-28 Neptune Technology Group

Tallassee, Alabama, United States

Neptune Technology Group, Inc. is a water meter and meter reading systems manufacturer in North America. Neptune Technology was formed in 1892 and is based in Tallassee, Alabama.

Sell $475M
Buyer

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 6 of 67
Sector (Information Technology) 1 of 11
Type (Buyout (LBO, MBO, MBI)) 5 of 17
State (Georgia) 1 of 4
Country (United States) 5 of 64
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-08 Zatarain s Brands

New Orleans, Louisiana, United States

Zatarain's Brands, Inc. is a US manufacturer and marketer of New Orleans style branded food products, whose principal products are crab boil seasoning for boiled shrimp, crawfish, and crabs, breading for frying, and New Orleans style rice.

Sell $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-30 Aviall

Dallas, Texas, United States

Aviall, Inc. is a provider of repair, maintenance, and overhaul services and parts distribution for both commercial and general aviation aircraft engines.

Sell -