CPPIB Participates in Largest U.S. LBO for YTD 2015

Redwood City-based Informatica Corporation is being taken private for US$ 5.3 billion by Permira Advisers LLC and Canada Pension Plan Investment Board (CPPIB). This is the largest leveraged buyout (LBO) so far in 2015 in the United States. Submitting bids for Informatica were Permira and CPPIB versus Thoma Bravo LLC and Ontario Teachers’ Pension Plan (OTPP). Informatica shareholders are looking to get US$ 48.75 per share in cash. Informatica’s Board of Directors has unanimously approved the merger agreement. The transaction is expected to be completed in either the second or third quarter of 2015.

“This transaction represents an excellent opportunity to acquire a market-leading enterprise data integration solutions provider,” said Mark Jenkins, Senior Managing Director & Global Head of Private Investments, CPPIB in a press release. “Informatica’s differentiated suite of software solutions, stable base of recurring revenues and strong potential for future growth make this a highly attractive investment for CPPIB. We look forward to partnering with the Informatica team and the Permira funds to accelerate the Company’s growth and to support Informatica’s continued market leadership in product innovation.”

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