Consolidation • Internet Software and Services

HgCapital and CPP Investments Acquire team.blue

On June 12, 2019, private equity firm HgCapital and pension CPP Investments acquired internet software and services company team.blue

Acquisition Context
  • This is HgCapital’s 17th and CPP Investments’ 6th transaction in the Internet Software and Services sector.
  • This is HgCapital’s 2nd and CPP Investments’ 1st transaction in Belgium.

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M&A Deal Summary

Date June 12, 2019
Target team.blue
Sector Internet Software and Services
Buyer(s) HgCapital
CPP Investments
Deal Type Consolidation

Target Company

team.blue

Gent, Belgium
team.blue is an operator of a digital enabler for companies and entrepreneurs through the team.blue brands, the product offering is tailored to active markets and always supported with the highest level of expertise. team.blue was founded in 2019 and is based in Gent, Belgium.
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Buyers Overview 2

Buyer

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


Deal Context for Buyer #
Overall 112 of 153
Sector: Internet Software and Services 17 of 25
Type: Consolidation 3 of 4
Country: Belgium 2 of 4
Year: 2019 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-12 Combell

Ghent, Belgium

Combell is a mass web hoster offering services from domain names, email and shared hosting to online presence, e-commerce solutions and server hosting in the cloud. Combell was founded in 1999 and is based in Ghent, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Register

Florence, Italy

Register is a provider of digital services for professionals and SMBs such as domain registration, hosting, servers, website creation, e-commerce, brand protection. Register provides domain and hosting services under Register.it, Sfera, Etinet, Dominiando, Namesco, Simply Hosting, Tagadab, LCN Register365, LetsHost, Hosting Ireland, Nominalia, Dominios.pt, Iberweb, and Amen brands. Register was founded in 1995 and is based in Florence, Italy.

Sell -
Buyer
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


Deal Context for Buyer #
Overall 77 of 176
Sector: Internet Software and Services 6 of 17
Type: Consolidation 2 of 2
Country: Belgium 1 of 1
Year: 2019 10 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-21 Premium Brands

Richmond, British Columbia, Canada

Premium Brands is a manufacturer and distributor of food products in Canada and the United States. Premium Brands was incorporated in 1917 and is headquartered in Richmond, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-26 Constellation Automotive Group

Hampshire, United Kingdom

Constellation Automotive Group is a vehicle remarketing company specializes in multi-channel auctions of second-hand cars, vans, and trucks from leading European vehicle vendors. The company constantly offer thousands of used vehicles - all available for 24/7 viewing online. Constellation Automotive Group was founded in 1946 and is based in Hampshire, United Kingdom.

Buy £1.9B