Investment Summary

Sofina, Ontario Teachers Pension Plan and CPP Investments Invest In VerSe Innovation

On January 1, 2019, private equity firm Sofina, pension Ontario Teachers Pension Plan and pension CPP Investments invested in internet software and services company VerSe Innovation

Investment Highlights
  • This is Sofina’s 1st, Ontario Teachers Pension Plan’s 2nd and CPP Investments’ 5th transaction in the Internet Software and Services sector.
  • This is Sofina’s 3rd, Ontario Teachers Pension Plan’s 2nd and CPP Investments’ 4th transaction in India.

Investment Summary

Date 2019-01-01
Target VerSe Innovation
Sector Internet Software and Services
Investor(s) Sofina
Ontario Teachers Pension Plan
CPP Investments
Deal Type Growth Capital

Target

VerSe Innovation

Bengaluru, India
VerSe Innovation’s proprietary technology platform powers 300 million + users to consume content in their local language on Dailyhunt. VerSe Innovation technology also powers India’s 1 and most engaging short video app Josh. VerSe Innovation was founded in 2007 and is based in Bengaluru, Karnataka.

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Investor(S) 3

Investor
DESCRIPTION

Sofina SA is a family controlled, publicly traded investment firm focused on making long-term, direct minority investments in leading companies, investing in third party growth and venture funds, and providing equity investments in fast growing companies. The Firm's direct investment group will consider opportunities throughout Europe where it can commit €100 to €300 million per transaction in companies valued up to €4.5 billion. Sofina SA dates back to 1898 and is headquartered in Brussels.


DEAL STATS #
Overall 23 of 31
Sector: Internet Software and Services M&A 1 of 3
Type: Growth Capital M&A Deals 6 of 12
Country: India M&A 3 of 5
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-03 Cognita Schools

London, United Kingdom

Cognita Schools operates over 70 schools across 8 countries, educating more than 40,000 children, our schools provide a unique global education that goes beyond grades to develop all-round academic excellence – equipping young people with the confidence and resourcefulness that prepares them to grow, thrive, and find their success in a fast-changing world. Cognita Schools was founded in 2004 and based in London, England.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-08 Drylock Technologies

Zele, Belgium

Drylock Technologies is a designer and manufacturer of personal care products. Drylock produces nappy pants, diapers, change mats, wet wipes, towels, sanitary pads, and other products for children, females, and adults. Drylock Technologies was founded in 2011 and is based in Zele, Belgium.

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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 119 of 176
Sector: Internet Software and Services M&A 2 of 5
Type: Growth Capital M&A Deals 9 of 18
Country: India M&A 2 of 3
Year: 2019 M&A 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 BHC

Seoul, South Korea

BHC is a franchise restaurant operators, with over 1,500 stores nationwide. The Company also operates several other popular restaurant chains, including Changgo, a full-service premium Korean barbecue restaurant, and Halmae, a quick-service soup restaurant. BHC was founded in 2010 and is based in Seoul, South Korea.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-15 Brussels Airport

Brussels, Belgium

Brussels Airport manages the Brussels airport, a European airport handling 25.7 million passengers and 732,000 tonnes of freight annually. Brussels Airport links the European capital with 248 destinations worldwide and is served by 80 different airlines. Brussels Airport is based in Brussels, Belgium.

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Investor
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 STATS #
Overall 68 of 176
Sector: Internet Software and Services M&A 5 of 17
Type: Growth Capital M&A Deals 8 of 21
Country: India M&A 4 of 10
Year: 2019 M&A 1 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Loscam

Hong Kong, China

Loscam provides returnable packaging solutions and equipment used to store and move products through supply chains. We have built our reputation by providing outstanding customer service, innovative products and tailored solutions to our customers. Loscam was founded in 1947 and is based in Hong Kong, China.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 Inmarsat

London, United Kingdom

Inmarsat is a global mobile satellite communications provider that owns and operates a diverse global portfolio of mobile telecommunications satellite networks, and holds a multi-layered, global spectrum portfolio, covering L-band, Ka-band, and S-band, enabling unparalleled breadth and diversity in the solutions it provides. Inmarsat's long-established global distribution network includes not only the world's leading channel partners but also its own strong direct retail capabilities, enabling end-to-end customer service assurance. The company has an unrivalled track record of operating reliable global mobile satellite telecommunications networks, sustaining business and mission critical safety and operational applications for more than 40 years. It is also a major driving force behind technological innovation in mobile satellite communications, sustaining its leadership through a substantial investment and a powerful network of technology and manufacturing partners. Inmarsat was formed in 1979 and is based in London.

Buy $3.4B