The Canada Pension Plan Investment Board is making its first infrastructure investment in Indonesia, with the acquisition of a 45 per cent interest in PT Lintas Marga Sedaya, the concession holder and operator of the Cipali toll road, a critical link in the transportation network of the island of Java. PT Baskhara Utama Sedaya, a wholly-owned subsidiary of PT […]
The Caisse de dépôt et placement du Québec is one of several investors participating in Element AI’s $200-million Series B funding round,. The Montreal-based company, founded by Jean-François Gagné and artificial intelligence pioneer Yoshua Bengio, develops AI-powered software solutions. To date, the company has raised $340 million. The Caisse’s contribution to the round is part of its newly […]
The Caisse de dépôt et placement du Québec and Samsung Securities Ltd. are signing a memorandum of understanding for joint investments. The pension fund and the South Korean investment bank have been ramping up their global infrastructure investments, according to a press release. Through the memorandum, the two parties intend to jointly explore further infrastructure investments. Read: Caisse […]
The Caisse de dépôt et placement du Québec is investing US$500 million in Laboratorios Sanfer, an independent Mexican pharmaceutical company. The company, which currently maintains a presence in 25 countries, has been focusing on growth through acquisitions for the past two decades, according to a press release. The investment from the Caisse will enable further […]
Daniel Fournier, the chief executive officer of Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, is retiring in October. “As I look back at the last 10 years, I realize just how much we have accomplished at Ivanhoé Cambridge,” said Fournier in a press release. “We elevated this Quebec company […]
The Caisse de dépôt et placement du Québec is making a share capital investment in Quebec-based Golf Avenue. The investment will allow the online pre-owned golf equipment retailer to continue its U.S. and European expansions, add new technology to its digital platforms and increase its offerings by launching a platform dedicated to cycling equipment, according to […]
The Caisse de dépôt et placement du Québec, alongside Fengate Asset Management, is investing in eStruxture Data Centers. The Quebec-based data centre operator currently has five data centres, three in Montreal and two in Vancouver. The co-investment will allow the company to buy a new data centre from Shaw Communications Inc. in Calgary and help […]
SNC-Lavalin Group Inc. says an Ontario judge has cleared it to proceed with the $3.25-billion sale of a stake in the 407 toll highway, paving the way for the beleaguered company to pay off hundreds of millions in debt. The engineering giant says the Ontario Superior Court has dismissed an attempt by Cintra Global to […]
In the first half of 2019, the Caisse de dépôt et placement du Québec has earned an average return on depositors’ funds of 6.1 per cent, generating more than $18 billion in net investment results. “From a market perspective, we are living in roller coaster times,” said Michael Sabia, the fund’s president and chief investment officer, […]
The Caisse de dépôt et placement du Québec and Beaudier Inc. are among a group providing $500 million in private capital refinancing to Quebec-based McInnis Cement. Alongside a $200-million loan from the Caisse and Beaudier, a syndicate of 11 Canadian and international banks will be providing $300 million. The pension fund’s last investment in McInnis was $125 […]