CPPIB first invested in Visma Group, a software provider, in January, though financial details weren’t disclosed. At the time, it acquired some of Hg Capital’s stake in Visma. Visma Group is valued at €6.5 billion, and has 900,000 customers, as of February. (PE Hub)

Talking point: This investment contributes to CPPIB’s larger strategy to become more active in tech investments. In December 2018, my colleague Zane reported that CPPIB was putting up to $1 billion in venture capital funds, and Shane Feeney, its global head of private equity, said it would be paying attention to startups and how technology would disrupt its existing portfolio. That focus appears to be bearing fruit. In February, CPPIB was part of a consortium that bought out Ultimate Software, a human-resources app developer, for US$11 billion.