The British Columbia Investment Management Corp. is making a cash offer to take Luxembourg-based investment firm BBGI Global Infrastructure S.A. private.
The deal values the entire issued and to-be-issued share capital of BBGI at roughly £1.06 billion on a fully diluted basis. The offer adds a 21 per cent premium for the London Stock Exchange firm based on the closing share price on Feb. 5, 2025.
“We believe BBGI will be a compelling and strategic addition to the BCI’s infrastructure and renewable resources portfolio, with a diversified mix of international holdings across the transport, clean energy, healthcare, education and social infrastructure sectors,” said Grant Hodgkins, senior director infrastructure and renewable resources at the BCI, in a press release.
The venture capital arm of the Ontario Teachers’ Pension Plan is leading a growth capital raise for programmatic advertising platform StackAdapt.
The US$235 million funding raise for the Toronto-based firm follows a US$300M investment made by Summit Partners in 2022. In a press release, Rick Prostko, senior managing director at the Teachers’ Venture Growth, said they’ve been impressed by the vision of StackAdapt.
“The company has been able to demonstrate consistent growth and profitability while building the future of advertising and marketing technology.”
In other news, the Caisse de dépôt et placement du Québec is launching a partnership alongside the Mohawk Council of Kahnawà:ke to invest in renewable energy infrastructure projects.
The investment partnership plans to provide solutions allowing participation from local communities and taking their input into consideration. According to a press release, the partnership will provide access with capital to hold a stake in future projects.
“In Quebec, numerous renewable energy projects will cross traditional Indigenous territories, which presents an opportunity to foster the financial participation of the communities involved and ensure that the partners’ priorities are well aligned,” said Emmanuel Jaclot, executive vice-president and head of infrastructure at the Caisse, in a press release.