CVC Capital Partners Asia V L.P., managed by CVC Capital Partners Asia V Limited and Caisse de dépôt et placement du Québec reached an agreement to acquire an unknown majority stake in BlueFocus International Limited from BlueFocus Intelligent Communications Group Co., Ltd. (SZSE:300058) on May 4, 2021. Brett Marchand, Vision7 International's President and Chief Executive Officer will lead the new combined entity as its new Chief Executive Officer. The new entity has more than 2,500 employees, across 12 countries in North America, Europe, the Middle East and Asia Pacific. The new entity will be headquartered in Quebec. The transaction, which is subject to regulatory approval and other customary closing conditions. The transaction is expected to be finalized in Q3 2021. PJT Partners, LP acted as financial advisor to BlueFocus Intelligent Communications Group Co., Ltd. Royal Bank of Canada (TSX:RY) acted as financial advisor and Derek Chiasson, Julie Himo, Patrick Galizia, Richard Wagner, Michael Flamenbaum, Ward Atterbury, David Gallai, James Parker and Jay Modrall of Norton Rose Fulbright LLP acted as legal adviser to BlueFocus International subsidiaries, We Are Social, fuseproject and Vision7 International. White & Case LLP and McCarthy Tétrault LLP acted as legal advisors to CVC. Fasken Martineau DuMoulin LLP acted as legal advisor to Caisse de dépôt et placement du Québec. BofA Securities, Inc. acted as financial advisor CVC Capital Partners Asia V Limited.


CVC Capital Partners Asia V L.P., managed by CVC Capital Partners Asia V Limited and Caisse de dépôt et placement du Québec completed the acquisition of unknown majority stake in BlueFocus International Limited from BlueFocus Intelligent Communications Group Co., Ltd. (SZSE:300058) for approximately $210 million on September 13, 2021. Post completion, CVC and CDPQ will hold 60.32%, Blue Valor Limited holds 34.51%, and Bentley management holds 5.17% of BlueFocus International. RBC Capital Markets acted as the financial advisor to BlueFocus International subsidiaries.