Caisse de dépôt et placement du Québec has made an investment in Datamars, a provider of RFID tagging technology for animals, livestock and textiles. CDPQ will be the company’s largest shareholder, with existing management and Columna Capital retaining their existing stakes. Reports surfaced about six months ago that Columna, which has backed Datamars since 2011, was seeking to sell the business in a deal that could be worth more than $300 million.
The transaction takes place in a B2B electrical equipment sector that was the site of a notable drop in private equity investment during 2016, according to the PitchBook Platform, as global deal flow fell from 132 to 101, reaching a five-year low. Interestingly, the majority of PE deals in the space since the start of 2009 have occurred in Europe, with deals in the US accounting for just 38%.
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