The Ontario Teachers’ Pension Plan is partnering with an infrastructure investment company to oversee its container firm SeaCube Container Leasing.
The pension fund will enter into a co-control structure agreement with Wren House Infrastructure Management Ltd., which bought an equity stake in the Bermuda-based container operator. The financial details of the partnership haven’t been disclosed.
“We see strong demand in the business — driven, largely, by increased trade volumes for perishable goods — and are excited at this opportunity to partner with Wren House and leverage their global expertise and fresh perspectives to help accelerate SeaCube’s growth,” said Jeff Markusson, senior managing director of financial services at the Ontario Teachers’, in a press release.
In other news, a water solutions company co-owned by the Caisse de dépôt et placement du Québec is entering into an agreement with an entity controlled by private equity firm Ember Infrastructure.
The private equity company will acquire all of the issued and outstanding common shares in H20 Innovation Inc. except for the shares that will be rolled over to key investors, the Caisse and Investissement Québec.
“With this privatization, the corporation will be able to continue executing its acquisition plan while maintaining its infrastructure and talent in Quebec,” said Kim Thomassin, executive vice-president and head of Quebec at the Caisse, in a press release.
Read: Caisse adds exposure to fintech, CPPIB and BCI-owned grain company acquisition to be reviewed