M&A Deal Summary

The Blackstone Group and CPP Investments Acquire Infocom

On June 18, 2024, private equity firm The Blackstone Group and pension CPP Investments acquired information technology company Infocom for 1.7B USD

Acquisition Highlights
  • This is The Blackstone Group’s 23rd and CPP Investments’ 9th transaction in the Information Technology sector.
  • This is The Blackstone Group’s 72nd and CPP Investments’ 29th largest (disclosed) transaction.
  • This is The Blackstone Group’s 5th and CPP Investments’ 6th transaction in Japan.

M&A Deal Summary

Date 2024-06-18
Target Infocom
Sector Information Technology
Buyer(s) The Blackstone Group
CPP Investments
Deal Type Going Private
Deal Value 1.7B USD

Target

Infocom

Tokyo, Japan
Infocom IT solutions provider, specializing in health IT, enterprise systems (like GRANDIT ERP), and digital content, serving healthcare, corporations, and public sectors with services from system development to e-comics. Infocom was founded in Tokyo, Japan.

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Buyer(S) 2

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 336 of 365
Sector: Information Technology M&A 23 of 26
Type: Going Private M&A Deals 38 of 42
Country: Japan M&A 5 of 6
Year: 2024 M&A 8 of 21
Size (of disclosed) 72 of 185
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 RG Barry Bands

Pickerington, Ohio, United States

RG Barry Bands is a provider of accessories brands and fashionable, solution-oriented products that make life better. RG Barry Brands include Dearfoams slippers, baggallini handbags, totes, travel accessories, and Foot Petals premium insoles and comfort products. RG Barry Bands was founded in 1947 and is based in Pickerington, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-26 Village Hotels

Warrington, United Kingdom

Village Hotels is a resort has 25 location, with an additional three properties scheduled to open shortly. The company caters to both locals and travelers alike through its extensive food and beverage offerings and health and fitness club amenities. Village Hotels was founded in 1995 and is based in Warrington, United kingdom.

Buy -
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 STATS #
Overall 109 of 119
Sector: Information Technology M&A 9 of 10
Type: Going Private M&A Deals 19 of 20
Country: Japan M&A 6 of 7
Year: 2024 M&A 4 of 9
Size (of disclosed) 29 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 Waystar

Louisville, Kentucky, United States

Waystar provides cloud-based technology that simplifies and unifies the healthcare revenue cycle. The Waystar platform removes friction in payment processes, streamlines workflows, and improves financials for providers in every care setting. Waystar is based in Louisville, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-03 Keywords Studios

Dublin, Ireland

Keywords Studios is an international technical services provider to the global video games industry. The company provides integrated art creation, localization, testing, audio, and customer care services across 50 languages and 14 game platforms to a blue-chip client base in more than 15 countries. Keywords Studios was founded in 1998 and is based in Dublin, Ireland.

Buy £2.1B