CDPQ Completes Previously Announced Purchase of Majority Stake in Wizeline
CDPQ signs the deal finalizing its purchase of a majority stake in Wizeline, with Apax Global Fund remaining as a shareholder
SAN FRANCISCO and MONTRÉAL, Quebec, Sept. 22, 2021 /PRNewswire-PRWeb/ -- Wizeline, a global technology services provider that partners with clients to build high-quality digital products and platforms, today announced that Caisse de dépôt et placement du Québec (CDPQ), a global investment group, has completed the previously announced purchase of its majority ownership of the Company. Apax Digital Fund, which has been a majority owner since 2018, remains as a shareholder of the Company.
Wizeline partners with its customers to implement the most up-to-date digital technology solutions that increase productivity, time to market, and efficiency, while decreasing costs and empowering organizations to better connect to end users and employees. The Company was founded with the idea that talent exists everywhere but opportunity may not, and that customers want to work with not only the best talent, but also diverse teams that fit with their respective culture and values. Today, Wizeline's approach of combining diverse, global talent with technology allows the Company to deliver transformative digital solutions to some of the largest companies in the world.
Advisors
Goldman Sachs & Co. LLC acted as financial advisor, and White & Case LLP acted as legal counsel to CDPQ. Guggenheim Securities, LLC acted as financial advisor and Kirkland & Ellis LLP and Morrison Foerster acted as legal counsel to Wizeline.
About Wizeline
Wizeline, a global technology services provider, builds high-quality digital products and platforms that accelerate time to market. We focus on measurable outcomes, partnering with our customers to modernize core technologies, mature data-driven capabilities, and improve user experience. Our adaptive teams provide the right combination of solutions, capabilities and methodologies to deliver results, while partnering with our customers' teams to foster innovation through continuous learning. We are invested in doing well while doing good, striving to make a positive impact where we live and work. Our diverse culture of innovation, ownership and community, combined with our Academy, create an inspiring environment for talent to build long-term careers. To see how Wizeline can help you, visit wizeline.com. To join our team, visit wizeline.com/careers.
About CDPQ
At Caisse de dépôt et placement du Québec (CDPQ), we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public retirement and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at June 30, 2021, CDPQ's net assets totalled CAD 390 billion. For more information, visit cdpq.com, follow us on Twitter or consult our Facebook or LinkedIn pages.
About Apax and Apax Digital
The Apax Digital Fund, which is advised by Apax Partners LLP ("Apax") specialises in growth equity and buyout investments in high-growth enterprise software, consumer internet, and technology-enabled services companies worldwide.
The Apax Digital team leverages Apax's deep tech investing expertise, global platform, and specialized operating experts, to enable technology companies and their management teams to accelerate the achievement of their full potential. For further information, please visit: http://www.apaxdigital.com.
Apax is a leading global private equity advisory firm. For nearly 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of more than $60 billion. The Apax Funds invest in companies across four global sectors of Tech, Services, Healthcare and Internet/Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: http://www.apax.com.
Media Contacts
CDPQ
Conrad Harrington
Senior Director, International Media Relations
+1 514 847-5493
[email protected]
Wizeline
Aaron Thomasson
Senior Manager, Communications
+1 610 888-1744
[email protected]
Apax Digital
Luke Charalambous /+44 7918286640 / [email protected]
Katarina Sallerfors / +44 20 7666 6526 / [email protected]
Todd Fogarty / +1 212 521 4854 / [email protected]
Media Contact
Aaron Thomasson, Wizeline, +1 (610) 888-1744, [email protected]
SOURCE Wizeline
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