The Caisse de dépôt et placement du Québec has concluded its investment of $7 million dollars in CAD Railway Industries Ltd. (CADRI), a Lachine-based company specializing in rail car and locomotive repair. The Caisse is acquiring share capital and granting a loan as part of this transaction, carried out in connection with the purchase of […]
The Canada Pension Plan Investment Board (CPPIB) and Oxford Properties, the real estate arm of OMERS, are teaming up in a fifty-fifty joint venture to build the new national headquarters for Royal Bank in downtown Toronto. Oxford will oversee all aspects of the development and management of the property. The 30-storey office tower, to be […]
Ontario Teachers’ Pension Plan (Teachers’), through its private investment department, Teachers’ Private Capital, announced it has completed the acquisition of a majority stake in Chicago-based Flexera Software. The transaction, originally announced in July, involved Teachers’ acquiring its stake in Flexera Software from Thoma Bravo, LLC, a private equity firm that is retaining a minority interest […]
The Healthcare of Ontario Pension Plan (HOOPP), in partnership with European real estate investment firm Meyer Bergman, has purchased two shopping malls in the Czech Republic for approximately $402 million (€290 million). The New Karolina mall, located in Ostrava, has 58,000 square metres of leasable shopping area, while the Forum Usti, with 27,000 square metres […]
Morneau Shepell Inc. has acquired one of Quebec’s largest employee assistance program (EAP) providers: Jacques Lamarre & Associates and Parcours d’enfant. The acquisition is expected to be immediately accretive to Morneau Shepell. “Today’s acquisition represents a strategic commitment to significantly expand both our EAP presence and our solution portfolio in the province of Quebec,” says […]
Maple Group Acquisition Corporation, the consortium of 13 financial institutions and pension funds looking to take control of the company that runs the Toronto Stock Exchange, extended its offer Thursday to Oct. 31. The proposal to acquire up to 80% of the shares of TMX Group Inc. was set to expire Friday. The offer is […]
Lincluden Management Limited (“Lincluden”) has announced that its existing management team has signed an agreement with Lincluden and its parent company, Old Mutual (US) Holdings Inc., to acquire the business of Lincluden. The transaction is expected to close later this fall. When the transaction closes, the existing management team at Lincluden will continue to run […]
Omers is now the proud owner of V.Group. OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, has successfully completed their acquisition of V.Group Ltd. (“V.Group”) from Exponent Private Equity for an enterprise value of US$520 million. V.Group is one of the world’s largest shipping service firms, offering outsourced ship […]
The Caisse de dépôt et placement du Québec, in partnership with private equity firms Clayton, Dubilier & Rice (CD&R) and AXA Private Equity, has finalized the acquisition of France-based SPIE, a multi-technical services company, from PAI partners. The transaction was first announced in May 2011, for €2.1 billion. CD&R-managed funds invested approximately €510 million in […]
Maple Group says its plan to acquire TMX Group is still on track, despite falling share prices for the Toronto Stock Exchange operator. Maple Group, which includes the Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan, among other pension funds and financial institutions, said it is working with regulators, management and stakeholders on […]