Canada Pension Plan Investment Board

General Atlantic and CPP Investments led consortium - Boats Group

Funds managed by each of General Atlantic (GA) and Canada Pension Plan Investment Board (CPP Investments) propose to indirectly acquire interests in Boats Group Holdings, Inc (Boats Group) through acquiring interests in Bimini Holdings, LP, which indirectly owns 100% of Boats Group (the Acquisition). Boats Group operates online marketplaces for recreational boats and yachts (including Boat Trader, YachtWorld, boats.com and European portals such as iNautia, Botentekoop, Boats and Outboards, and Boatshop24). Boats Group has subsidiaries in the US, UK, Canada, Spain, France, the Netherlands and Germany. Boats Group is currently controlled and majority owned by Permira Holdings Limited (Permira). Permira is a Guernsey-registered private equity business engaged, through its subsidiaries and affiliates, in the provision of investment management services to a number of investment funds. Post completion, Permira will retain an interest in Boats Group, alongside GA and CPP Investments. GA is a global private equity firm headquartered in the United States. CPP Investments is a professional investment management organisation that invests the funds transferred to it by the Canada Pension Plan (CPP Fund) that are not needed by the CPP Fund to pay current benefits in the best interests of more than 22 million contributors and beneficiaries.