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Brookfield’s growth equity arm buys Hopper stake: G&M

Brookfield Asset Management picked up a stake in Hopper in a secondary deal, establishing the Montreal online travel platform as one of Canada’s most valuable technology companies, the Globe and Mail reported.

Brookfield Asset Management picked up a stake in Hopper in a secondary deal, establishing the Montreal online travel platform as one of Canada’s most valuable technology companies, the Globe and Mail reported. Brookfield’s growth equity arm joined Stack Capital Group and Drive Capital in buying $35 million worth of equity, valuing the business at $5 billion, Hopper CEO Fred Lalonde said.

Source: Globe and Mail