Investment Summary

La Caisse, Ontario Teachers Pension Plan and Next Sparc Growth Partners Invest In ApplyBoard

On August 4, 2021, asset manager La Caisse, pension Ontario Teachers Pension Plan and growth capital firm Next Sparc Growth Partners invested in internet software and services company ApplyBoard

Investment Highlights
  • This is La Caisse’s 5th, Ontario Teachers Pension Plan’s 4th and Next Sparc Growth Partners’ 1st transaction in the Internet Software and Services sector.
  • This is La Caisse’s 33rd, Ontario Teachers Pension Plan’s 25th and Next Sparc Growth Partners’ 1st transaction in Canada.
  • This is La Caisse’s 3rd, Ontario Teachers Pension Plan’s 14th and Next Sparc Growth Partners’ 1st transaction in Ontario.

Investment Summary

Date 2021-08-04
Target ApplyBoard
Sector Internet Software and Services
Investor(s) La Caisse
Ontario Teachers Pension Plan
Next Sparc Growth Partners
Deal Type Venture

Target

ApplyBoard

Kitchener, Ontario, Canada
ApplyBoard is an online platform that empowers students around the world to access top quality education. ApplyBoard was founded in 2015 and is based in Kitchener, Ontario.

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Investor(S) 3

Investor

La Caisse

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 90.0B 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 75 of 106
Sector: Internet Software and Services M&A 5 of 6
Type: Venture M&A Deals 3 of 3
State: Ontario M&A 3 of 3
Country: Canada M&A 33 of 48
Year: 2021 M&A 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-01 Plus Company

Québec, Quebec, Canada

Plus Company offers a broad range of marketing services, award-winning creative ideas, deep digital expertise, and a global footprint. Plus Company was founded in 2021 and is based in Québec City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Vertical Bridge

Delray Beach, Florida, United States

Vertical Bridge is an owner and manager of wireless communications infrastructure. Vertical Bridge owns, operates and master leases over 266,000 towers, rooftop, billboard, utility attachment, and other site locations in support of wireless network deployments. Vertical Bridge was founded in 2002 and is based in Delray Beach, Florida.

Sell -
Investor

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 116.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 158 of 176
Sector: Internet Software and Services M&A 4 of 5
Type: Venture M&A Deals 12 of 14
State: Ontario M&A 14 of 15
Country: Canada M&A 25 of 26
Year: 2021 M&A 12 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Traeger

Salt Lake City, Utah, United States

Traeger is a manufacturer of wood pellet-burning barbeque grills and smokers. Traeger uses 100% all-natural hardwood fuel to infuse food with flavorful smoke, making food taste delicious and most of all, memorable. Traeger was founded in 1986 and is based in Salt Lake City, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 Aurora Plastics

Streetsboro, Ohio, United States

Aurora Plastics produces customized rigid polyvinyl chloride (“RPVC”) compounds for extruding and injection molding customers throughout North America. Aurora provides quality and service through highly automated manufacturing facilities in Ohio and North Carolina. Aurora Plastics was founded in 1997 and is based in Streetsboro, Ohio.

Sell -
DESCRIPTION

Next?Sparc Growth Partners is a founder-focused, family-backed investment firm focused on growth-oriented investments across the US. The Firm will consider businesses with $1 to $75 million of revenue and $1 to $15 million of EBITDA. Sectors of interest include consumer, business services, technology, industrials, and business services. Next Sparc Growth Partners was founded in 2009 and is based in Chagrin?Falls, Ohio.


DEAL STATS #
Overall 8 of 12
Sector: Internet Software and Services M&A 1 of 1
Type: Venture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-18 Zilker Technology

Austin, Texas, United States

Zilker Technology is a digital consultancy and systems integrator focused on creating lasting and valuable customer experiences, with deep sector experience in consumer products, health care, financial services, energy, and utilities. Zilker Technology was formed in 2014 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Revel Bikes

Carbondale, Colorado, United States

Revel Bikes is a designer of full suspension mountain bikes. Revel Bikes was founded in 2016 and is based in Carbondale, Colorado.

Buy -