M&A Deal Summary

Cloudbeds Acquires Hopper

On December 13, 2023, Cloudbeds acquired internet software and services company Hopper from CDPQ

Acquisition Highlights
  • This is Cloudbeds’ 3rd transaction in the Internet Software and Services sector.
  • This is Cloudbeds’ 1st transaction in Canada.
  • This is Cloudbeds’ 1st transaction in Quebec.

M&A Deal Summary
Date 2023-12-13
Target Hopper
Sector Internet Software and Services
Buyer(s) Cloudbeds
Sellers(s) CDPQ
Deal Type Add-on Acquisition

Target

Hopper

Montreal, Quebec, Canada
Hopper white-label travel portals for companies that aspire to sell travel with a differentiated consumer experience and offering. Hopper’s B2B initiative, Hopper Cloud, any travel provider airlines, hotels, online travel agencies, meta-search companies, travel agencies, etc. – can integrate and seamlessly distribute Hopper’s fintech or travel agency content which will now include tours and activities. Hopper is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Cloudbeds

San Diego, California, United States
Category Company
Founded 2012
Sector Internet Software and Services
DESCRIPTION

Cloudbeds creates browser-based hospitality management software to simplify property management, channel management and bookings management functions for hotels. Its award-winning software is trusted by thousands of hotels, hostels, and groups in over 115 countries. With over 300 integrations, Cloudbeds connects to more marketplaces than any software in this industry. Cloudbeds has offices in San Diego, São Paulo, and Dublin. Cloudbeds was founded in 2012 and is based in San Diego, California.

DEAL STATS #
Overall 3 of 3
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 Whistle

Los Angeles, California, United States

Whistle is a messaging software with unified communication tools, digitized arrival experiences, and more. Current customers include major hospitality brands and hoteliers around the world, including Choice Hotels, Accor, IHG, and Four Sisters Inns, among others. Whistle was founded in 2015 and is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

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 14 of 16
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Quebec) 6 of 7
Country (Canada) 7 of 8
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-29 Solotech

Montreal, Quebec, Canada

Solotech provides audio services, installations, and rentals of production units. Solotech was founded in 1977 and is based in Montreal, Montreal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-28 Boulangerie St-Méthode

Adstock, Quebec, Canada

Boulangerie St-Méthode is a supplier of healthy, value-add fresh bread products sold under the St Méthode brand to consumers through the retail grocery and club channels. Boulangerie St-Méthode was founded in 1947 and is based in Adstock, Quebec.

Buy -
Mergr

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