Canada’s biggest pension fund is buying a 20% stake in Team.blue from investment firm Hg in a deal valuing the technology group at €4.8 billion ($5.2 billion).
Canada Pension Plan Investment Board will pay about €550 million for the stake, while Hg remains the largest single investor and plans to provide further funds for Team.blue’s growth, according to a statement on Wednesday, confirming an earlier Bloomberg News report.
Jonas Dhaenens and Ali Niknam, Team.blue’s founder and co-founder, will remain as cornerstone investors alongside the management team led by Chief Executive Officer Claudio Corbetta, the statement said. CPPIB ...
