Growth Capital • Marine

TPG and CPP Investments Invest In Viking Cruises

On November 9, 2020, private equity firm TPG and pension CPP Investments invested in marine company Viking Cruises

Investment Context
  • This is TPG’s 1st and CPP Investments’ 1st transaction in the Marine sector.
  • This is TPG’s 243rd and CPP Investments’ 50th transaction in the United States.
  • This is TPG’s 80th and CPP Investments’ 12th transaction in California.
Investment Fate
  • Viking Cruises went public in 2024.

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Investment Summary

Date November 9, 2020
Target Viking Cruises
Sector Marine
Investor(s) TPG
CPP Investments
Deal Type Growth Capital

Target Company

Viking Cruises

Woodland Hills, California, United States
Viking Cruises offers destination-focused journeys on rivers, oceans, and lakes around the world. Designed for experienced travelers with interests in science, history, culture, and cuisine. Viking Cruises was founded in 1997 and is based in Woodland Hills, California.
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Investors Overview 2

Investor

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


Deal Context for Investor #
Overall 379 of 453
Sector: Marine 1 of 1
Type: Growth Capital 57 of 74
State: California 80 of 88
Country: United States 243 of 299
Year: 2020 16 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 LLamasoft

Ann Arbor, Michigan, United States

LLamasoft software helps organizations worldwide design and improve their supply chain operations. LLamasoft solutions enable companies across a wide range of industries to model, optimize and simulate their supply chain network, leading to major improvements in cost, service, sustainability and risk mitigation. Headquartered in Ann Arbor, Michigan, LLamasoft is a leader in supply chain excellence and innovation, advancing technology focused on continuous improvement of enterprise supply chains for the world’s largest organizations.

Sell $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Planview

Austin, Texas, United States

Planview is a provider of IT Governance software solutions to the Global 2000 with applications that help companies optimize the utilization of resources and manage/monitor IT projects. Planview was formed in 1989 and is based in Austin, Texas.

Buy $1.6B
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 Context for Investor #
Overall 101 of 176
Sector: Marine 1 of 2
Type: Growth Capital 15 of 21
State: California 12 of 23
Country: United States 50 of 82
Year: 2020 13 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-04 Regnology

Frankfurt, Germany

Regnology is a provider of software solutions across the regulatory value chain. Regnology was founded in 1994 and is based in Frankfurt, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-13 PrimeSource

Irving, Texas, United States

PrimeSource is a provider of construction fastening solutions and specialty branded hardware. The Company’s product offering spans more than 52,000 SKUs, including construction fasteners, cabinet knobs & pulls, functional hardware, insulation, roofing products, drawers, and organizers, among others. PrimeSource was formed in 1990 and is based in Irving, Texas.

Buy -