Salesforce to acquire Informatica in US$8 billion deal backed by CPP Investments, generating US$2.7bn
CPP Investments expects to generate $3.7bn in net proceeds following Salesforce’s proposed acquisition of Informatica, according to a May 27, announcement.
The US$8bn all-cash transaction will see Salesforce acquire all outstanding common shares of Informatica at US$25 per share, subject to regulatory and other closing conditions.
CPP Investments first invested in Informatica in 2015 through a partnership with Permira to take the company private.
Informatica later completed its IPO on the New York Stock Exchange in October 2021 under the ticker symbol INFA.
Sam Blaichman, managing director and head of Direct Private Equity at CPP Investments, said the transaction reflects the Informatica team’s efforts over the last decade.
He noted that CPP Investments supported the company’s shift toward AI-powered cloud data management.
Blaichman added, “Informatica has been a long-standing and successful investment for the CPP Fund, producing solid returns for CPP contributors and beneficiaries.”
He said the fund expects Informatica to perform well under Salesforce’s ownership.
In a second major divestment, CPP Investments announced it will sell its entire ownership in Encino Acquisition Partners (EAP), an Ohio-based oil and gas producer, to EOG Resources.
The deal is valued at US$5.6bn, including EAP’s net debt. CPP Investments has held a 98 percent stake in EAP since its formation in 2017, alongside Encino Energy, which will also exit under the transaction.
Bill Rogers, head of Sustainable Energies at CPP Investments, said the fund established Encino Acquisition Partners (EAP) with Encino Energy in 2017 to acquire US oil and gas assets.
“Since then, it has done just that,” he said. Rogers noted that the investment has delivered strong returns.
EAP was created to acquire oil and gas assets with established production in mature basins across the lower 48 states in the United States.
The transaction is expected to close in the second half of 2025, pending customary closing conditions and regulatory approvals.
CPP Investments’ Sustainable Energies portfolio reported net assets of approximately $36.3bn as of March 31.
It includes investments in renewables, conventional energy, carbon capture and storage, distributed energy services, and emerging technologies.
CPP Investments’ Private Equity group had approximately $146.5bn in net assets as at March 31. It invests across private equity markets through external funds and direct investments, with a focus on long-term value creation in less-liquid assets.
