CDPQ Invests in Plusgrade

Posted on 11/28/2018

Caisse de dépôt et placement du Québec (CDPQ) invested C$ 200 million for an equity stake in Montréal-based Plusgrade, a provider of revenue solutions to the global travel industry. The company assists airlines manage and optimize revenue. The transaction values Plusgrade at over C$ 600 million. As part of the deal, TA Associates sold a portion of its shares in Plusgrade to CDPQ. TA Associates remains a shareholder in Plusgrade.

Morgan Stanley Canada Limited served as financial advisor and Davies Ward Phillips & Vineberg LLP served as legal counsel to Plusgrade.

Osler, Hoskin & Harcourt LLP served as legal counsel to CDPQ.

Plusgrade was formed in 2009 and has offices in New York and Singapore.

Keywords: Caisse de depot et placement du Quebec.

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