Weil Advises CPP Investments and General Atlantic on Strategic Growth Investment in Boats Group

"Weil advised Canada Pension Plan Investment Board (CPP Investments) on its strategic growth investment alongside General Atlantic in Boats Group. The transaction allows existing investor Permira to partially realize its investment while retaining a significant minority stake. Boats Group operates Boat Trader, YachtWorld and boats.com from its headquarters in Miami, Florida."

Weil advised Canada Pension Plan Investment Board (CPP Investments) in connection with its strategic growth investment, alongside General Atlantic, in Boats Group, a global provider of online marketplaces for boats and yachts. The transaction involved CPP Investments and General Atlantic taking a strategic growth position in Boats Group. As part of the deal, existing investor Permira partially realized its investment in Boats Group and will retain a significant minority shareholding. Headquartered in Miami, Florida, Boats Group operates the world’s leading online marketplaces for buying and selling boats, including Boat Trader, YachtWorld and boats.com. Weil represented client(s) Canada Pension Plan Investment Board (CPP Investments) with a team composed by: Private Equity partner Timothy Burns; Private Equity counsel Theodora Tavridou; associates Caitlin Haefner, Talli Sharp and Helen Li; Tax partner Greg Featherman and associate Stephanie Galvis; Executive Compensation & Benefits partner Jennifer Britz; Banking & Finance partner Thomas Mastoras and associate Richard Kenny; U.S. Privacy & Cybersecurity Head Olivia Greer and associate David Merck; Regulatory Transactions partner Antonia Tzinova, partner-elect Ariel Fliman and associate Sisi Liu; and Antitrust partner Adam Hemlock and associate Lucy Fasano.

Weil Advises CPP Investments and General Atlantic on Strategic Growth Investment in Boats Group

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