The Canada Pension Plan Investment Board (CPPIB) and Permira, an international private equity firm, will acquire Informatica Corporation, a provider of enterprise data integration software and services, for approximately US$5.3 billion.
Informatica shareholders will receive US$48.75 in cash for each share of Informatica common stock.
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The transaction is expected to be completed in the second or third quarter of this year.
“This transaction represents an excellent opportunity to acquire a market-leading enterprise data integration solutions provider,” says Mark Jenkins, senior managing director and global head of private investments, CPPIB. “Informatica’s differentiated suite of software solutions, stable base of recurring revenues and strong potential for future growth make this a highly attractive investment for CPPIB.”
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BofA Merrill Lynch, Goldman, Sachs & Co., Macquarie Capital and Union Square Advisors LLC served as financial advisors to the Permira funds and CPPIB. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisors.
BofA Merrill Lynch, Credit Suisse, Goldman Sachs, Macquarie Capital, Morgan Stanley, Nomura and RBC Capital Markets are serving as joint bookrunners on the financing.
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CPPIB was also separately advised by Torys LLP.
Qatalyst Partners acted as financial advisor to Informatica and Wilson Sonsini Goodrich & Rosati acted as legal counsel.