- The investment supports team.blue’s position European Leading Digital Enabler for Entrepreneurs and SMEs (Small and medium-sized enterprises).
- The deal values team.blue at €4.8 billion, making it one of the largest privately held technology companies in the United States. Europeserving 3.3 meters Small Business/Entrepreneur 22 European countries We have been growing steadily for over 20 years.
- This investment marks a significant milestone for the team, representing an 8x growth since Hg first invested in 2019. team.blue now has over 2,500 committed colleagues, including many tech entrepreneurs who have joined the group and continue to build their businesses.
- This new investment will support team.blue’s growth strategy, which is built on its vision to further AI-driven product innovation and provide businesses with more valuable online tools than ever before.
- CPP Investments joins Hg, also becoming founder and president of team.blue Jonas Daenens Co-Founder Ali NiknamHe serves as a cornerstone investor alongside the management team led by the CEO. Claudio Corbetta.
- HG will provide further funding to drive product innovation and expansion through acquisitions.
Ghent, Belgium, July 10, 2024 /CNW/ – Team Blue, European The company, a leading digital enabler for entrepreneurs and small businesses, today welcomed a significant investment from the Canada Pension Plan Investment Board (“CPP Investments”).
Today, the company is one of Europe’s largest digital solutions providers to 3.3 million SME customers across 22 countries. team.blue continues to expand its product offering to cover the full range of evolving customer needs, helping them stay relevant, competitive and successful throughout their digital journey. These solutions are designed to enhance security, ensure GDPR compliance, increase visitor attraction and conversion rates, improve customer engagement through a range of marketing tools and support both online and offline commerce strategies.
The deal values team.blue at €4.8 billion, making it one of the largest privately held technology companies in the United States. EuropeThis investment marks an important milestone for the team.blue Group. Currently, team.blue has more than 2,500 dedicated colleagues, including many tech entrepreneurs who have joined the company over the past five years to continue its dynamic culture. team.blue actively invests in innovative products by collaborating with industry-leading SaaS companies. Europe Share the same vision.
Jonas DaenensFounder and President, Claudio CorbettaCEO, and Dawn MarriottThe Executive Chairman of team.blue said: “This is a truly important moment for our team and the many entrepreneurs who have joined us over the years. We are delighted to welcome CPP Investments, a leading global institutional investor whose values align with ours. CPP Investments’ approach as a long-term, patient capital investor fits perfectly with our vision for sustainable growth. Together with our existing shareholders, CPP Investments sees future growth underpinned by our plans to deliver increasingly relevant online tools for businesses. We thank Hg for their continued support and warmly welcome CPP Investments as we pursue our ambitious growth plans together.”
“team.blue operates in an attractive, resilient and growing online presence sector. Under current leadership, the company has successfully implemented an M&A strategy to expand its product offering and local presence in several European countries.” Said Hafiz LalaniManaging Director and Global Head of Direct Private Equity at CPP Investments. “We look forward to working with Hg, a long-time partner of CPP Investments, and the founders and leadership team of team.blue to deliver multiple growth vectors through an expanded portfolio of SaaS solutions and support the platform as it continues its journey to provide attractive risk-adjusted returns to CPP contributors and beneficiaries.”
Joris van Gool, Nick Jordan and Matthijs Derro Hg said: “It’s been amazing to see our theory come to fruition over the past five years and see team.blue grow into one of the largest technology platforms in the world. Europe“Together we have built a multi-billion dollar category leader, offering a diversified proposition to an increasingly wide range of small and medium-sized businesses, enabling them to both have an online presence and succeed in their businesses. We are proud of these achievements, have partnered with several entrepreneurs who are now part of the group, and have ambitious plans to bring on board many more in the future. And today we welcome CPP Investments as a new partner, the company has full confidence in its highly talented management team and we see bright prospects for growth.”
CPP Investments has invested around €550 million for a roughly 20% stake in team.blue. Hg remains team.blue’s largest single investor.
team.blue is advised by Arma Partners, EY, Bain, Deloitte, Linklaters and BearingPoint, and team.blue shareholders are: Harris WilliamsKPMG, MacFarlanes and Norbruis Clement acted as advisors, while CPP Investments was advised by Kirkland & Ellis, JP Morgan, OC&C, Palo Alto Strategy Group and KPMG.
The transaction has been signed and is subject to customary conditions and regulatory approvals.
About team.blue
team.blue is a digital enabler for businesses and entrepreneurs around the world. Europe (Belgium, Bulgaria, CyprusCzech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Portugal,Serbia, Slovakia, Spain, Sweden, Switzerland,Türkiye, England).The company comprises of 60+ successful brands serving 3.3 million customers. team.blue is your one-stop partner for web hosting, domain, e-commerce, online compliance, lead generation and application solutions, supported by over 2,500 experts. team.blue’s vision is to simplify online business by shaping technology and providing innovative online products and services to its customers.
About CPP Investments
Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages funds in the best interests of the Canada Pension Plan’s more than 22 million contributors and beneficiaries. Investments are made around the world in public equities, private equity, real estate, infrastructure and fixed income to build a diversified portfolio of assets. CPP Investments is headquartered in Canada. Torontothe office is Hong Kong, London, Mumbai, New York City, San FranciscoSao Paulo, SydneyCPP Investments operates independently from the Canada Pension Plan and is at arm’s length from government. March 31, 2024the total amount of the fund is $632.3 billionFor more information, visit www.cppinvestments.com or follow us on LinkedIn, Instagram, and X. @CPP Investment.
About Hg
Hg helps build leading companies that provide critical software applications and workflow services to businesses and deliver automated workplaces to their customers in an industry characterized by digitalization trends that are in the early stages of adoption and will transform the professional workplace for decades to come. Hg’s support combines deep end market knowledge with world-class operational resources to provide compelling support to entrepreneurial leaders who want to scale businesses that are investment-ready, sustainable, and serve their customers well.
Extensive European network and strong presence North AmericaHG’s 400 employees and approximately $70 billion The fund currently under management supports approximately 50 business portfolios, with a value of $150 billion The company is valued at around 110,000 employees and continues to grow revenue at over 20% annually. https://hgcapital.com/
Source: Canada Pension Investment Board
For more information, please contact team.blue, Gaia Zampaglione. [email protected]Steve McCool, CPP Investments [email protected]; Hg, Tom Eckersley, [email protected]
