acquisitions – Benefits Canada.com

IMCO investing in digital infrastructure fund; Caisse, Ontario Teachers’ co-owned insurer acquiring Chilean annuity portfolio

Gideon Scanlon — Thu, 11 May 2023 16:30:01 +0000

The Investment Management Corp. of Ontario is entering into a new fund that owns a British fibre optic business. The fund was launched as part of a broader effort to recapitalize the EuNetworks Group, an internet infrastructure and network operator in which the IMCO holds a minority stake. The company, which manages 17 fibre internet […]

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OMERS backing hepatitis C drug, BCI acquiring stake in space technology company

Gideon Scanlon — Thu, 04 May 2023 16:30:03 +0000

The pharmaceutical arm of the Ontario Municipal Employees’ Retirement System is acquiring a stake in an anti-viral drug. According to the terms of a $200-million deal between OMERS Life Sciences and Enanta Pharmaceuticals Inc., the pension fund will receive a 54.5 per cent stake on the first US$284 million in royalties earned by the hepatitis […]

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CPPIB backing efforts to divide investee mining company, OMERS-owned building leasing Sydney office space

Gideon Scanlon — Thu, 27 Apr 2023 16:30:42 +0000

The Canada Pension Plan Investment Board is supporting an effort to spin off the steel-making side of an investee mining company despite previously saying it would oppose the measure. The board-backed proposal, which was approved at Teck Resources Inc.’s annual general meeting, called for the company to consider spinning off its steel-making business as a […]

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Gallagher acquiring Buck for US$660 million

bwolfe — Wed, 21 Dec 2022 14:00:37 +0000

Arthur J. Gallagher & Co. is acquiring BCHR Holdings — also known as Buck — for US$660 million. Through the agreement, Gallagher will expand its retirement, benefits and human resources consulting services in Canada, the U.S. and the U.K., according to a press release, which noted Buck currently has 2,300 employees across these markets. Read: […]

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CPPIB investing in energy service provider, BCI backing aerospace acquisition

Gideon Scanlon — Tue, 20 Dec 2022 17:30:43 +0000

The Canada Pension Plan Investment Board is joining a funding round for an energy network service provider. The investment organization is investing about US$200 million in Redaptive Inc., a company that installs energy-saving and energy-generating equipment at client businesses. The company funds the upfront costs of its installations to help customers to overcome financial and […]

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Top 5 HR, benefits and pension stories of the week

bwolfe — Fri, 19 Aug 2022 13:00:13 +0000

An article on HSBC Bank Canada’s new benefits offerings was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. HSBC adding coverage for fertility treatments, surrogacy, gender affirmation 2. Employee placed on unpaid leave over mask refusal not entitled to reasonable notice: Alberta court 3. LifeWorks acquiring […]

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Caisse backing customer retention platform, OMERS acquiring plumbing and HVAC service provider

Gideon Scanlon — Thu, 11 Aug 2022 16:00:22 +0000

The Caisse de dépôt et placement du Québec is leading a funding round for a customer engagement software provider. During a US$105 million investment round for CleverTap, a California-based company providing a subscription-based online marketing platform to 1,200 digital consumer brands, the investment organization provided US$75 million. According to a press release, the funds will […]

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Green Shield acquiring specialty, digital pharmacies

Jennifer Paterson — Fri, 11 Mar 2022 14:00:30 +0000

Green Shield Holdings Inc. is acquiring specialty pharmacy NKS Health and digital pharmacy the Health Depot. NKS Health, which is focused on complex disease management, has four accredited pharmacies, 19 infusion clinics and a national network. The acquisition will provide Green Shield Canada with additional capability in managing drug costs for employers while enhancing patient health […]

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T. Rowe Price buys Oak Hill Advisors, Franklin Templeton buys Lexington Partners

mdunne — Tue, 02 Nov 2021 18:00:07 +0000

T. Rowe Price Group Inc. is buying Oak Hill Advisors for up to about US$4.2 billion with $3.3 billion payable at closing. The global investment management organization is buying the alternative credit manager with about 74 per cent in cash and 26 per cent in T. Rowe Price common stock and up to an additional $900 million in […]

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Hub acquiring Vancouver benefits firm

mdunne — Fri, 22 Oct 2021 13:00:10 +0000

Hub International Ltd. is acquiring Vancouver’s Rogersworks Inc. Rogersworks is an independent benefits brokerage firm specializing in employee group benefits and association group benefits. John Ash, benefits consultant and a partner at the company, will join Hub Coastal. Read: Hub acquiring Calgary benefits provider This is the latest of a string of Canadian benefits providers and consulting […]

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