Investment Summary

CDPQ and Grupo SURA Invest In Sura Asset Management

On February 26, 2016, asset manager CDPQ and Grupo SURA invested in financial services company Sura Asset Management from General Atlantic

Investment Highlights
  • This is CDPQ’s 1st and Grupo SURA’s 1st transaction in the Financial Services sector.
  • This is CDPQ’s 1st and Grupo SURA’s 1st transaction in Colombia.

Investment Summary

Date 2016-02-26
Target Sura Asset Management
Sector Financial Services
Investor(s) CDPQ
Grupo SURA
Sellers(s) General Atlantic
Deal Type Stake Purchase

Target

Sura Asset Management

Medellín, Colombia
Sura Asset Management is a pension and wealth management firm in Latin America with operations in Mexico, Peru, Chile, Colombia, Uruguay, and El Salvador. Sura Asset Management was founded in 2011 and is based in Medellin, Colombia.

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Investor(S) 2

Investor

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 16 of 101
Sector (Financial Services) 1 of 8
Type (Stake Purchase) 4 of 17
Country (Colombia) 1 of 2
Year (2016) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-18 Groupe Marcelle

Lachine, Quebec, Canada

Groupe Marcelle manufactures cosmetics under brands: Marcelle, Lise Watier, Annabelle and CW Beggs. Groupe Marcelle is based in Lachine, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-18 Triotech

Montreal, Quebec, Canada

Triotech is a creator of an immersive and interactive media-based attractions for both the entertainment and edutainment markets. Triotech designs, manufactures and markets rides that integrate several technologies to deliver a multi-sensorial experience. To date, Triotech products are installed in more than 50 countries across all continents and over 53 million people have experienced them. Triotech was founded in 1999 and is based in Montreal, Quebec.

Buy -
Investor

Grupo SURA

Medellin, Colombia

Category Company
Founded 1995
Sector Financial Services
DESCRIPTION

Grupo SURA is an investment manager focused on building and developing a balanced portfolio with a long-term vision, whose main axis is financial services. Grupo SURA was founded in 1995 and is based in Medellin, Colombia.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Colombia) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 77 of 147
Sector (Financial Services) 7 of 16
Type (Stake Purchase) 6 of 9
Country (Colombia) 1 of 1
Year (2016) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-02 OutSystems

Boston, Massachusetts, United States

OutSystems provides a platform that enables enterprise customers to rapidly develop software applications in a “low code” environment using a visual, model-based approach, instead of traditional programming methods. OutSystems was founded in 2001 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-04 Zimmermann

Rosebery, Australia

Zimmermann is a global luxury fashion brand that designs and sells iconic Ready-To-Wear and Swim & Resort collections through its online platform and own retail stores, as well as select department stores, boutiques, and online fashion retailers. Zimmermann was founded in 1991 and is based in Rosebery, Australia.

Buy -