Plusgrade Acquires Points.com for US$385 Million
June 30, 2022
Plusgrade, a leading ancillary revenue platform for the travel industry, has acquired Points.com Inc. in an all-cash transaction valuing Points at approximately US$385 million. The deal combines two leaders in loyalty commerce and ancillary revenue to expand product capabilities and create a global ancillary revenue powerhouse serving airlines, hospitality, rail and financial services partners.
- Buyers
- Plusgrade, Novacap, Caisse de dépôt et placement du Québec (CDPQ)
- Targets
- Points.com Inc. (Points)
- Sellers
- Points.com shareholders
- Industry
- Cloud & SaaS
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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