Deal Details

GI Partners Makes Majority Investment in Otodata

Industrial

GI Partners majority investment in Otodata, a portfolio company of Renovo

Summary

GI Partners has closed on a majority investment in Otodata Holdings Inc. (“Otodata” or the “Company”), a portfolio company of Renovo Capital (“Renovo”). Existing shareholders, including Renovo and management, will retain a minority stake in the Company. Terms of the transaction were not disclosed.

Baird served as exclusive financial advisor to GI Partners on this transaction.

About

Founded in 2001, GI Partners is a private investment firm which has, together with its affiliates, over 180 employees and offices in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale and London. The firm has raised more than $50 billion and invests on behalf of leading institutional investors around the world through its private equity, real estate and data infrastructure strategies. The private equity team invests primarily in companies in the healthcare, services and software sectors. The real estate team focuses primarily on technology and healthcare properties as well as other specialized types of real estate. The data infrastructure team invests primarily in hard-asset infrastructure businesses underpinning the digital economy. GI Partners is headquartered in San Francisco, California.

Founded in 2010, Otodata provides industry-leading remote monitoring hardware, software and applications for various industries. Its solutions enable distributors to monitor their tanks remotely, delivering real-time, insightful data to optimize asset utilization and workforce efficiency. The Company has an installed base of more than 3.5 million monitored tanks across North America, Europe, Latin America and the Middle East. Otodata also operates Tag Tracking, a leading provider of vehicle tracking, theft prevention and stolen vehicle recovery solutions in Canada. Otodata is headquartered in Montreal, Canada.

Renovo is a lower middle market private equity firm comprised of seasoned operating and investing professionals. Renovo makes control investments in technical product and service businesses that have the potential to generate meaningful value through operational improvements and strategic initiatives. Renovo has completed over 43 transactions and raised over $750 million of committed capital. Renovo is currently investing out of Renovo Capital Fund IV, LP, a $350 million committed capital fund raised in 2024. Renovo was founded in 2009 and is headquartered in Dallas, Texas.

Industrial

GI Partners majority investment in Otodata, a portfolio company of Renovo