CDPQ Acquires Majority Stake in Wizeline from Apax Digital Fund

CDPQ Acquires Significant Stake in ICR (Investcorp Portfolio Company)

September 21, 2021

Marketing & Advertising

Caisse de dépôt et placement du Québec (CDPQ) will acquire a significant stake in ICR, the Investcorp‑backed strategic communications and advisory firm, joining Investcorp and ICR management to support the company’s growth and global expansion. The transaction is intended to accelerate ICR’s organic growth and acquisition strategy; it remains subject to customary regulatory approvals.

Apax Partners Development Acquires Majority Stake in DIAPASON

November 20, 2020

Software

Apax Partners Development has taken a majority stake in DIAPASON, a France-based treasury, payments and risk management software provider. Apax will support DIAPASON's growth—targeting larger corporates and the mid-market, international expansion, and add-on acquisitions—while founder Pascal Kravitzch and the management team remain significant investors.

CDPQ to Acquire Innergex Renewable Energy Inc. for C$10.0 Billion

February 25, 2025

Energy

Caisse de dépôt et placement du Québec (CDPQ) has entered into a definitive agreement to acquire all issued and outstanding common shares of Innergex Renewable Energy Inc. for C$13.75 per share, implying a total enterprise value of C$10.0 billion. The transaction will take Innergex private, has unanimous support from Innergex’s board and backing from largest shareholder Hydro-Québec, and is expected to close by Q4 2025 subject to customary approvals.

Apax-backed Fibonacci Group Acquires Quid Group and Cabel from Equinox

January 25, 2025

Software

Funds advised by Apax Partners have backed the Fibonacci Group in the acquisition of Quid Group and its subsidiary Cabel from Equinox. The deal strengthens Fibonacci's position as a pan‑European financial software platform—combining Quid's cloud‑native credit lifecycle software and Cabel's core banking / BaaS capabilities—and expands the group's scale to over 1,500 employees and approximately €210m in revenues.

EQT and CPPIB Acquire Majority Stake in Waystar from Bain Capital

July 29, 2019

Healthcare Services

The EQT VIII Fund and Canada Pension Plan Investment Board (CPPIB) agreed to acquire a majority equity stake in Waystar, a cloud-based revenue cycle management provider, in a transaction valuing the company at $2.7 billion. Bain Capital Private Equity will retain a minority stake and will continue to support Waystar alongside the new investors to fund continued innovation and transformative M&A.

Capital A Investment Partners Acquires Majority Stake in Open Line

March 6, 2020

IT Services

Capital A Investment Partners has taken a majority stake in Open Line, a Netherlands-based managed cloud services provider. Open Line — founded in Limburg and employing over 230 people across offices in Maastricht-Airport, Landgraaf, Eindhoven, Capelle aan den IJssel and Amsterdam — will work with Capital A to execute a growth strategy focused on managed and hybrid cloud managed services for upper mid-market clients.