Michael McKiernan
The Canada Pension Plan Investment Board is boosting its interest in Indian infrastructure conglomerate IndInfravit Trust, after agreeing to pay $173 million for an additional 15.9 per cent of the toll road operator.
The deal, which is scheduled for completion by the middle of May will take the CPPIB’s total stake in the investment trust to 43.8 per cent. Since its launch in 2018, IndInfravit’s has acquired 13 operational road concessions along critical national transportation corridors linking cities in the high-growth Indian states of Karnataka, Maharashtra, Rajasthan, Tamil Nadu and Telangana.
“Furthering our commitment to IndInfravit reflects our ongoing commitment to investment in India, as well as our ability to support IndInfravit’s future growth opportunities and enhances our ability to deliver solid long term, risk adjusted returns to CPP contributors and beneficiaries,” said Scott Lawrence, CPPIB’s managing director and head of infrastruc
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CVC and CDPQ Take Majority Stake in BlueFocus
CVC Capital Partners, a leading global private equity and investment advisory firm, and
Caisse de dépôt et placement du Québec, a global investment group, have reached an agreement with
BlueFocus Intelligent Communication Group for
CVC Capital Partners Asia V and CDPQ to acquire a majority stake in its international group of agencies, managed under its subsidiary,
BlueFocus International. This comprises its three main agency groups:
We Are Social,
Citizen Relations, among others.
“Our partnership with CVC and CDPQ, will allow us to advance our expansion and transformation strategy,” said
By Justin Crann
Growth and expansion are the primary goals for BlueFocus International, following news that the Caisse de dépôt et placement du Québec (CDPQ) and global private equity firm CVC Capital Partners have acquired a majority stake in the business.
The acquisition deal will see a new entity form, consisting of the Vision7 agencies – including Cossette, Cossette Media, Jungle, Eleven, Citizen Relations, Gene, Magnet, AIM and the Camps agencies – as well as London-based We Are Social and San Francisco’s Fuseproject. It will be headquartered in Quebec City and led by Vision7′s Brett Marchand as president and CEO.
CVC & CDPQ set to acquire global agencies We Are Social, Fuseproject & Vision 7 International
May 5, 2021 11:35
Global private equity and investment advisory CVC Capital Partners (CVC) and global investment group Caisse de dépôt et placement du Québec (CDPQ) are to acquire a majority stake in BlueFocus Intelligent Communication Group’s international group of agencies, managed under its subsidiary, BlueFocus International. The agreement covers global social agency We Are Social and its sister agencies within BlueFocus, Fuseproject and Vision7 International.
CVC and CDPQ’s intention behind the acquisition is to create a “digital-first, technology-enabled global advertising and marketing services group of companies,” enabling the agencies to focus on market expansion and foster its tech and data capabilities.