M&A Deal Summary

CDPQ and SKion Acquire Ovivo

On July 13, 2016, asset manager CDPQ and private equity firm SKion acquired machinery company Ovivo

Acquisition Highlights
  • This is CDPQ’s 1st and SKion’s 1st transaction in the Machinery sector.
  • This is CDPQ’s 12th and SKion’s 1st transaction in Canada.
  • This is CDPQ’s 12th and SKion’s 1st transaction in Quebec.

M&A Deal Summary
Date 2016-07-13
Target Ovivo
Sector Machinery
Buyer(s) CDPQ
SKion
Deal Type Going Private
Advisor(s) National Bank Financial (Financial)
Gowling WLG (Legal)

Target

Ovivo

Montréal, Quebec, Canada
Ovivo is a global supplier of equipment, technology and systems that can produce some of the purest water and treat some of the toughest wastewater in the industry. Ovivo is world-renowned with leading brands and has more than 150 years of water treatment expertise and credentials, backed by its exclusive products, advanced technologies and extensive integration expertise systems. Ovivo offers conventional or highly technological solutions to treat water for industrial and municipal markets, and relies on its extensive base of equipment installed worldwide to offer parts and services to its customers. Ovivo was founded in 1975 and is based in Montreal, Quebec.

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Buyer(S) 2

Buyer

CDPQ

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1965
PE ASSETS 80.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.

DEAL STATS #
Overall 23 of 103
Sector (Machinery) 1 of 1
Type (Going Private) 1 of 5
State (Quebec) 12 of 44
Country (Canada) 12 of 47
Year (2016) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 Emeria

Antony, France

Emeria is an acquisitive and tech-enabled platform that provides a range of real estate services to residential property owners and tenants, including joint-property management, lease management, letting and brokerage services. The Company also offers insurance services, such as multi-risk guarantee and rental guarantee insurance, and a range of ancillary, digital, and B2B services, including diagnostic solutions and B2B property management. Emeria is based in Antony, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-07 Lasik MD

Montreal, Quebec, Canada

Lasik MD is a provider of laser vision correction, with over 40 locations in Canada. Lasik MD was founded in 2001 and is based in Montreal, Quebec.

Buy -
Buyer

SKion

Investor

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

SKion GmbH is an investment group focused on growth oriented companies in the industrial and services sectors with forward-looking technologies and new business models. SKion was formed in 2006 and is based in Bad Homburg vor der Höhe, Germany.

DEAL STATS #
Overall 5 of 5
Sector (Machinery) 1 of 1
Type (Going Private) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-20 Microvi Biotechnologies

Hayward, California, United States

Microvi Biotechnologies, Inc. is a biotechnology company involved in discovering, developing, manufacturing and commercializing innovative biocatalytic technologies in the water, energy and chemical industries.

Buy -
Mergr

Product

Company

Legal