Team.blue plans to use the investment from CPP Investments to support its growth strategy
The Canada Pension Plan Investment Board is investing approximately $811m for a 20 percent stake in European company Team.blue.
The investment, as reported by The Globe and Mail, values Team.blue at around $7bn.
Team.blue helps simplify online business for entrepreneurs and small businesses. The software company states that this new investment will support its growth strategy.
Hafiz Lalani, global head of direct private equity at CPP Investments, notes that Team.blue operates in an attractive, resilient, and growing online presence sector.
Hg, a private equity firm, remains the largest single investor in Team.blue, having first invested in the company in 2019. Team.blue serves 3.3 million customers across 22 European countries.
