M&A Deal Summary

Ontario Teachers Pension Plan and Brookfield Acquire Compass Datacenters

On June 20, 2023, pension Ontario Teachers Pension Plan and Brookfield acquired information technology company Compass Datacenters from RedBird Capital Partners, Ontario Teachers Pension Plan and Azrieli

Acquisition Highlights
  • This is Ontario Teachers Pension Plan’s 13th and Brookfield’s 1st transaction in the Information Technology sector.
  • This is Ontario Teachers Pension Plan’s 73rd and Brookfield’s 3rd transaction in the United States.
  • This is Ontario Teachers Pension Plan’s 6th and Brookfield’s 2nd transaction in Texas.

M&A Deal Summary

Date 2023-06-20
Target Compass Datacenters
Sector Information Technology
Buyer(s) Ontario Teachers Pension Plan
Brookfield
Sellers(s) RedBird Capital Partners
Ontario Teachers Pension Plan
Azrieli
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs
Guggenheim Securities (Financial)
Fried Frank Harris Shriver & Jacobson
DLA Piper (Legal)

Target

Compass Datacenters

Dallas, Texas, United States
Compass Datacenters is a data center developer. Compass Datacenters provides enterprises, service providers, and hyperscale customers with solutions that reflect a dramatic change from conventional alternatives like wholesale colocation or traditional construction build-to-suits. Compass Datacenters was established in 2011 and is based in Dallas, Texas.

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Buyer(S) 2

Buyer

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 174 of 176
Sector: Information Technology M&A 13 of 14
Type: Secondary Buyout M&A Deals 55 of 56
State: Texas M&A 6 of 6
Country: United States M&A 73 of 74
Year: 2023 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Sevana Bioenergy

Boise, Idaho, United States

Sevana Bioenergy develops, designs, owns, and operates large-scale anaerobic digestion projects which produce renewable natural gas and organic-based soil amendments. Sevana Bioenergy is based in Boise, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-27 Premier Lotteries Ireland

Dublin, Ireland

Premier Lotteries Ireland is an operater of Irish National Lottery. Premier Lotteries Ireland is committed to running a responsible, world-class lottery that generates significant Good Cause funding to support communities. Premier Lotteries Ireland is based in Dublin, Ireland.

Sell -
Buyer

Brookfield

Hamilton, Bermuda

Category Company
Founded 2007
Sector Utilities
Revenue 21.0B USD (2024)
DESCRIPTION

Brookfield operates long life, high quality infrastructure assets with high barriers to entry and low maintenance capital requirements that generate stable and growing cash flows. Brookfield was founded in 2007 and is based in Hamilton, Bermuda.


DEAL STATS #
Overall 7 of 8
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Texas M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 Triton International

Hamilton, Bermuda

Triton International engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment to shipping lines, and freight forwarding companies and manufacturers. Triton International was founded in 1980 and is based in Hamilton, Bermuda.

Buy $13.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-04 HomeServe

Walsall, United Kingdom

HomeServe is a home assistance company providing plumbing, drainage, electrics and heating maintenance and repair services through its own network of directly employed and sub-contracting specialist engineers. HomeServe was founded in 1991 and is based in Walsall, the United Kingdom.

Buy £4.1B

Seller(S) 3

SELLER

RedBird Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

RedBird Capital Partners is a private equity firm focused on investing in growth-oriented companies in the business services, financial services, sports/leisure/hospitality, and media/entertainment sectors. RedBird will consider opportunities throughout North America and has a particular interest in businesses at an inflection point with proven business models, strong management, and little debt. RedBird Capital Partners was formed in 2014 and is based in New York, New York.


DEAL STATS #
Overall 9 of 11
Sector: Information Technology M&A 2 of 2
Type: Secondary Buyout M&A Deals 3 of 3
State: Texas M&A 3 of 3
Country: United States M&A 9 of 11
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-11 Hidden Pigeon

New York, New York, United States

Hidden Pigeon is an operator of a new multiplatform kids and family content company. Hidden Pigeon is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-26 Alpine Racing

Chipping Norton, United Kingdom

Alpine Racing is a sport specialty brand, born from racing, made by racers, for racers at heart. Alpine Racing is based in Chipping Norton, United Kingdom.

Buy -
SELLER

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 72 of 83
Sector: Information Technology M&A 9 of 10
Type: Secondary Buyout M&A Deals 17 of 21
State: Texas M&A 4 of 4
Country: United States M&A 37 of 43
Year: 2023 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Sevana Bioenergy

Boise, Idaho, United States

Sevana Bioenergy develops, designs, owns, and operates large-scale anaerobic digestion projects which produce renewable natural gas and organic-based soil amendments. Sevana Bioenergy is based in Boise, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-27 Premier Lotteries Ireland

Dublin, Ireland

Premier Lotteries Ireland is an operater of Irish National Lottery. Premier Lotteries Ireland is committed to running a responsible, world-class lottery that generates significant Good Cause funding to support communities. Premier Lotteries Ireland is based in Dublin, Ireland.

Sell -
SELLER

Azrieli

Tel Aviv, Israel

Category Company
Founded 1983
Sector Real Estate
Employees442
Revenue 3.3B ILS (2024)
DESCRIPTION

Azrieli is a developer, constructor and management of shopping malls and office buildings. Azrieli was founded in 1983 and is based in Tel Aviv, Israel.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-12 Compass Datacenters

Dallas, Texas, United States

Compass Datacenters is a data center developer. Compass Datacenters provides enterprises, service providers, and hyperscale customers with solutions that reflect a dramatic change from conventional alternatives like wholesale colocation or traditional construction build-to-suits. Compass Datacenters was established in 2011 and is based in Dallas, Texas.

Buy -