On July 10, 2024, Canada Pension Plan Investment Board (CPP Investments) acquired a 20% stake in team.blue, valuing the company at €4.8 billion (approximately C$7.0 billion). The investment of €550 million (approximately C$800 million) marked a significant milestone for team.blue, a leading digital solutions provider to 3.3 million SMBs across 22 countries in Europe. The investment by CPP Investments aligned with team.blue's strategy of expanding its product offerings to enhance security, ensure GDPR compliance, boost visitor attraction, improve customer engagement, and support online and offline commerce strategies. Team.blue employed over 2,500 people, including numerous tech entrepreneurs, and continued to invest in innovative products through partnerships with leading SaaS companies.

Jonas Dhaenens, Founder and President, Claudio Corbetta, CEO, and Dawn Marriott, Executive Chair of team.blue, welcomed CPP Investments as a long-term partner aligned with their vision for sustained growth. Hafiz Lalani, Managing Director at CPP Investments, expressed enthusiasm for supporting team.blue's growth and expanding its portfolio of SaaS solutions. Hg, the largest single investor in team.blue, praised the company's transformation into one of Europe's largest tech platforms and welcomed CPP Investments as a new partner.

Team.blue was advised by Arma Partners, EY, Bain, Deloitte, Linklaters, and BearingPoint. The shareholders of team.blue were advised by Harris Williams, KPMG, MacFarlanes, and Norbruis Clement. CPP Investments was advised by Kirkland & Ellis, JP Morgan, OC&C, Palo Alto Strategy Group, and KPMG. The transaction was subject to customary conditions and regulatory approvals.