The Canada Pension Plan Investment Board is acquiring a significant stake in an experience management software provider.
The investment organization and Silver Lake, a global private equity firm, are jointly acquiring Qualtrics for US$12.5 billion. The company designs cloud-based experience management tools used by more than 19,000 organizations. Following the acquisition, the company was de-listed from the Nasdaq.
“This is a unique opportunity to invest in a category creator led by a strong management team that is shaping a rapidly growing market,” said Hafiz Lalani, managing director and head of direct private equity at the CPPIB, in a press release. “We look forward to supporting the Qualtrics team in driving continued innovation as they help clients redefine their customer and employee experiences around the world.”
In other news, the Public Sector Pension Investment Board is selling a portion of its stake in a British train company.
The investment organization will sell a 10 per cent stake in Angel Trains Ltd. to Arjan Capital Ltd. for an undisclosed sum. Following the transaction, PSP Investments will remain the majority owner of Angel Trains with a 64.25 per cent stake.
Angel Trains operates more than 4,400 passenger trains, the majority of which are electric powered, and employs about 130 professional, technical and administrative staff and supports thousands of skilled jobs in the U.K. rail sector.
“We are delighted to welcome another like-minded long-term investor onto the shareholder register of Angel Trains,” said Richard Chang, managing director and head of Europe, infrastructure investments at PSP Investments, in a press release. “This transaction forms an important part of our strategy to systematically optimize our portfolio by selectively capturing value from our portfolio companies and platforms.”