M&A Deal Summary

CDPQ Acquires Wizeline

On September 1, 2021, asset manager CDPQ acquired information technology company Wizeline from Apax

Acquisition Highlights
  • This is CDPQ’s 6th transaction in the Information Technology sector.
  • This is CDPQ’s 21st transaction in the United States.
  • This is CDPQ’s 6th transaction in California.

M&A Deal Summary
Date 2021-09-01
Target Wizeline
Sector Information Technology
Buyer(s) CDPQ
Sellers(s) Apax
Deal Type Secondary Buyout
Advisor(s) Guggenheim Securities (Financial)
Kirkland & Ellis (Legal)

Target

Wizeline

San Francisco, California, United States
Wizeline, a global technology services provider, builds high-quality digital products and platforms that accelerate time to market. The company focuses on measurable outcomes, partnering with customers to modernize core technologies, mature data-driven capabilities, and improve user experience. Wizeline's adaptive teams provide the right combination of solutions, capabilities, and methodologies to deliver results, while partnering with customers’ teams to foster innovation through continuous learning. Its diverse culture of innovation, ownership, and community, combined with the Academy, creates an inspiring environment for talent to build long-term careers. Wizeline is headquartered in San Francisco with offices in Guadalajara and Mexico City, Mexico, as well as in Ho Chi Minh City, Vietnam. Wizeline was founded in 2014 and is based in San Francisco, 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 79 of 101
Sector (Information Technology) 6 of 8
Type (Secondary Buyout) 19 of 20
State (California) 6 of 7
Country (United States) 21 of 24
Year (2021) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-30 Medical Solutions

Omaha, Nebraska, United States

Medical Solutions is a healthcare staffing firm that specializes in placing registered nurses and allied professionals in temporary travel assignments. With offices in Omaha, San Diego, Cincinnati, and Tupelo. Medical Solutions was founded in 2001 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-19 WestConnex

Sydney, Australia

WestConnex is a road infrastructure project. WestConnex is based in Sydney, Australia.

Buy -

Seller(S) 1

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 156 of 172
Sector (Information Technology) 16 of 17
Type (Secondary Buyout) 57 of 61
State (California) 11 of 12
Country (United States) 57 of 64
Year (2021) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 SavATree

Bedford Hills, New York, United States

SavATree is a provider of tree care, plant health care, and lawn care services to residential, commercial, and government customers. SavATree was founded in 1984 and is based in Bedford Hills, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Odido

Den Haag, Netherlands

Odido is a telecom provider for consumers and businesses With the brands T-Mobile, Tele2, Simpel and Ben, customers have access to interactive TV, mobile and fixed internet and calling. Odido was founded in 1999 and is based in Den Haag, Netherlands.

Buy $5.1B
Mergr

Product

Company

Legal