Morrison & Foerster advised the management team of Wizeline, Inc., a global technology services provider that partners with clients to build high-quality digital products and platforms, in connection with the agreement under which Caisse de dépôt et placement du Québec (CDPQ), a global investment group and one of Canada’s largest pension funds, will acquire majority ownership of Wizeline. Apax Digital Fund, which has been a majority owner since 2018, as well as Chief Executive Officer Bismarck Lepe, will remain as shareholders and board members following the transaction.
Founded in 2014, Wizeline’s origins as a cloud-native product development company have served it well in its partnerships with customers needing to advance their data-driven capabilities, build next-generation products and platforms, and stay competitive in a constantly evolving market. The strategic investment from CDPQ marks a significant milestone in Wizeline’s growth, enabling continued expansion of its services and geographies.
The MoFo deal team advising Wizeline’s management team was led by Miami corporate partner and co-chair of the firm’s Latin America Desk Randy Bullard, together with associate Giselle Sardinas. The team also included San Francisco executive compensation partner Amanda Hines Gold, New York tax partner Tony Carbone and associate Katherine Erbeznik, and San Francisco tax associate Yuan Xia.