On November 28, 2018, Caisse de dépôt et placement du Québec (CDPQ) announced that it acquired an equity interest of $200 million in Plusgrade, a leading provider of revenue solutions to the global travel industry. The portion of the shares were held by TA Associates and will continue to be a major shareholder, alongside the management team and other investors. With this backing, Plusgrade will continue to execute its expansion plan to penetrate new international markets and expanding its suite of products.
Caisse de dépôt et placement du Québec is a long term institutional investor that manages funds for public and parapublic pension and insurance plans.
TA Associates Management, L.P., headquartered in Boston, Massachusetts , is a private equity and venture capital firm specializing in buyouts and minority recapitalizations.
Osler, Hoskin & Harcourt LLP represented CDPQ on the transaction, led by Niko Veilleux, with a team of lawyers that included Hugo‑Pierre Gagnon, Michael Budabin McQuown, Calvin Leung (Corporate), Manon Thivierge and David Wilson (Tax).
Key Contact
Partner, Corporate, Montréal
Team
Partner, Corporate, Montréal
Partner, Tax, Montréal
Partner, Tax, Montréal
Partner, Emerging and High Growth Companies, Montréal
