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Announced

Completed

CPP Investments completed the acquisition of a minority stake in team.blue from HG.

Synopsis

The Canada Pension Plan Investment Board, an investment management organization, completed the acquisition of a minority stake in team.blue, a digital enabler for companies and entrepreneurs, from HG, a private equity firm, for €4.7bn. "This is a truly significant moment for our team and the many entrepreneurs who have joined us over the years. We are delighted to welcome CPP Investments, a leading global institutional investor with values that closely align with our own. CPP Investment's approach as a long-term patient capital investor is perfectly suited to our vision for sustained growth. Alongside our existing shareholders, CPP Investments recognises the growth ahead, underpinned by our plan to provide increasingly relevant online tools for businesses. We thank Hg for their continued support and warmly welcome CPP Investments as we pursue our ambitious growth plans together," Jonas Dhaenens, team.blue Founder and President, Claudio Corbetta, team.blue CEO, and Dawn Marriott, team.blue Executive Chair.

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