M&A Deal Summary

Plusgrade Acquires Points

On May 9, 2022, Plusgrade acquired information technology company Points for 385M USD

Acquisition Highlights
  • This is Plusgrade’s 1st transaction in the Information Technology sector.
  • This is Plusgrade’s largest (disclosed) transaction.
  • This is Plusgrade’s 1st transaction in Canada.
  • This is Plusgrade’s 1st transaction in Ontario.

M&A Deal Summary
Date 2022-05-09
Target Points
Sector Information Technology
Buyer(s) Plusgrade
Deal Type Add-on Acquisition
Deal Value 385M USD
Advisor(s) RBC Capital Markets (Financial)
Davies Ward Phillips & Vineberg (Legal)

Target

Points

Toronto, Ontario, Canada
Points partners with leading loyalty programs, leveraging its unique Loyalty Commerce Platform to build, power, and grow a network of ways members can get and use their favorite loyalty currency. Its platform combines insights, technology, and resources to make the movement of loyalty currency simpler and more intelligent for nearly 60 reward programs worldwide. Points was founded in 2000 and is headquartered in Toronto, Ontario.

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Buyer(S) 1

Buyer

Plusgrade

Montreal, Quebec, Canada
Category Company
Founded 2009
Sector Business Services
DESCRIPTION

Plusgrade provides revenue solutions to airline, hospitality, cruise, passenger rail, and financial services companies. Plusgrade was founded in 2009 and is based in Montreal, Quebec.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 UpStay

Tel Aviv-Yafo, Israel

UpStay is a provider of upgrade and ancillary revenue solutions for the hospitality industry. UpStay serves hundreds of hotels in 17 countries by enabling hoteliers to drive higher ancillary revenue through multiple value-added revenue streams delivered to their guests. UpStay was founded in 2019 and is based in Tel Aviv-Yafo, Israel.

Buy -
Mergr

Product

Company

Legal