M&A Deal Summary

CDPQ Acquires Plenary Americas

On March 12, 2020, asset manager CDPQ acquired infrastructure company Plenary Americas

Acquisition Highlights
  • This is CDPQ’s 2nd transaction in the Infrastructure sector.
  • This is CDPQ’s 16th transaction in the United States.
  • This is CDPQ’s 3rd transaction in California.

M&A Deal Summary
Date 2020-03-12
Target Plenary Americas
Sector Infrastructure
Buyer(s) CDPQ
Deal Type Buyout (LBO, MBO, MBI)

Target

Plenary Americas

Los Angeles, California, United States
Plenary Americas is an investor, developer, and operator of public infrastructure in North America. The company specialized developer of long-term partnership projects, with a project portfolio of nearly CAD$20 billion across both Canada and the United States, including 36 projects in the health, transportation, defense, justice, education, and government accommodation sectors. Plenary Americas is based in Los Angeles, California.

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Buyer(S) 1

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 68 of 101
Sector (Infrastructure) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 3 of 6
State (California) 3 of 7
Country (United States) 16 of 24
Year (2020) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-05 Previan

Quebec, Quebec, Canada

Previan is an operator of a private industrial technology group focused on advanced diagnostic technologies to monitor the world’s infrastructure health. The Group serves asset owners, large engineering firms, and service companies globally in markets such as Aerospace, Civil Infrastructure, Energy, Mining, Power Generation, and Rail. Previan was founded in 2009 and is based in Quebec City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-27 Cirque du Soleil

Montreal, Quebec, Canada

Cirque du Soleil is a creative content provider of live artistic entertainment. In addition to shows, the company, which has its International Headquarters in Montréal, extends its creative talent to other spheres of activity. Cirque du Soleil was formed in 1984 and is based in Montreal, Quebec.

Sell -
Mergr

Product

Company

Legal