Canada Pension to Buy Informatica In $5.3 Billion Deal

The Canada Pension Plan Investment Board (CPPIB) is partnering with Permira to buy data and software company Informatica Corp. for $5.3 billion.

From the Canadian Press:

CPPIB’s head of private investments said Informatica provides the Canadian pension fund with an opportunity to tap into a stable base of revenue with potential for future growth.

“We look forward to partnering with the Informatica team and the Permira funds to accelerate the company’s growth and to support Informatica’s continued market leadership in product innovation,” said CPPIB senior managing director Mark Jenkins.

CPPIB it will have a significant interest in Informatica, which will be taken private, but said the amount of each partner’s investment wasn’t being disclosed.

[…]

The deal will take the company private and it is expected to be completed in either the second or third quarter.

The Redwood City, California-based company helps other companies organize and store data.

CPPIB manages approximately $201.1 billion in assets for the Canada Pension Plan.

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