The Caisse de dépôt et placement du Québec is taking a majority share in a California-based digital platform development company.
The Caisse secured the shares in Wizeline Inc. through a transaction with the British private equity fund Apax Partners LLP. Wizeline, which was founded in 2014 as a cloud product development company, is also known for operating Wizeline Academy, which offers courses in software development, artificial intelligence, user experience design, technical writing and project management. Aside from its California headquarters, it also has offices in Mexico and Vietnam.
“Wizeline has successfully captured the rising demand for digital product design and development and built strong client loyalty among its many blue-chip clients to become one of the highest-growth companies in its industry,” said Martin Laguerre, executive vice-president and head of private equity and capital at the Caisse, in a press release. “We look forward to joining Wizeline and its employees as they continue to support their clients to succeed by building exceptional digital platforms.”
The Caisse is also investing in a Nebraska-based medical professional placement company.
After reaching a definitive agreement with the Caisse and Centerbridge Partners, investment company TPG Capital handed over ownership of Medical Solutions, a company specializing in the placement of health-care professionals in permanent positions at hospitals across the U.S. The exact terms of the deal weren’t disclosed.
“A mission-driven culture, comprehensive workforce solutions and strong relationships with skilled nurses and health professionals are at the core of the company’s success,” said Laguerre in a press release. “We are pleased to support the next phase of its expansion and help Medical Solutions meet the evolving needs of health-care facilities across the United States.”