We’ve seen consolidation across a range of service providers in recent years, including insurers and custodians. Now it’s the consultants’ turn. Towers Perrin and Watson Wyatt joined forces to form Towers Watson (14,000 employees globally), completing the transaction in January 2010. And in October 2010, Aon Corporation completed its acquisition of Hewitt Associates to create […]
Pension funds have been active in mergers and acquisitions (M&A) for the second quarter of 2011, reports the Financial Post Crosbie: Mergers & Acquisitions in Canada database. Financial sponsors had 12 mergers and acquisitions over $100 million in the second quarter of 2011, nine of which involved pension funds. The 12 transactions were valued at […]
Regime de rentes du Mouvement Desjardins has acquired a 50% economic interest in an infrastructure limited partnership managed by Connor, Clark & Lunn Infrastructure for cash consideration. The partnership’s primary investment is an equity interest in the Harrison Hydro Project, which is an approximately 150 MW operating run-of-river hydro project located in British Columbia. Connor, […]
The Ontario Teachers’ Pension Plan (Teachers’) is preparing to sell Northumbrian Water Group PLC to Hong Kong’s Cheung Kong Infrastructure Holdings for $3.8 billion, according to regulatory filings by Northumbrian. Teachers’ owns 26.8% of the company, buying the stake in 2005 for $615 million. Teachers should pull in about $1.01 billion from the sale, for […]
Originally from our sister publication, Advisor.ca. Canaccord Financial today announced it has forged partnership with BGF Equities which will result in an expansion of its operations into Australia and Hong Kong. The partnership entails the acquisition of a 50% equity interest in BGF Capital Group Pty Ltd (commonly known as BGF Equities), one of the […]
Northern Trust has announced the successful closing of its acquisition of Omnium LLC from Chicago-based Citadel LLC. Northern Trust had announced its intention to acquire the hedge fund administrator with approximately $70 billion in assets under administration on May 16, 2011, subject to applicable regulatory approvals and other customary closing conditions. Supported by Northern Trust, […]
OMERS is expanding its transportation holdings with the purchase of one of the world’s largest shipping service firms. The private equity arm of OMERS has announced an agreement to acquire V.Group Limited for US$520 million. V.Group, which operates across 34 countries, is the global market leader in outsourced ship management and a leading player in […]
OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, has purchased Accelerated Holdings, LLC from San Francisco-based private equity firm Gryphon Investors. Terms of the acquisition were not disclosed. Accelerated Holdings, founded in 1989 and headquartered in Chicago, is a leading provider of traditional and specialty outpatient physical rehabilitation services […]
The Ontario Teachers’ Pension Plan (Teachers’) has agreed to two major deals—one with MAp Airports (MAp) in Australia and one with Chicago-based Flexera Software. MAp deal Teachers’ will receive a 39% interest in Brussels Airport in Belgium and a 30% interest in Copenhagen Airport in Denmark. In return, Teachers’ will give up its 11% stake […]
Galileo Global Equity Advisors has announced it has reached an agreement with Northland Bancorp Inc. to re-acquire majority ownership of Galileo Equity Advisors Inc. “I’m delighted to be resuming full ownership of the Galileo organization and I’d like to sincerely thank Northland for their strategic support over the past two years, and most especially our […]