The Canada Pension Plan Investment Board is investing $1.13 billion for a 30 per cent stake in Britain-based BGL Group Ltd. The distributor of insurance and household financial services, which has 8.5 million customers, is behind several brands, including price comparison website Comparethemarket.com, as well as insurance providers Dial Direct and Budget Insurance. Read: CPPIB to acquire Ascot Underwriting […]
The Caisse de dépôt et placement du Québec’s real estate arm, Ivanhoé Cambridge, has appointed Chanakya Chakravarti as managing director of India, growth markets, effective Jan. 8, 2018. In the role, Chakravarti will be responsible for implementing investment and asset management strategies in India. With more than 27 years of experience, including 20 years in real estate advisory, investment and […]
The median solvency ratio for Canadian defined benefit plans rose to 100.7 per cent in October as equity markets continued to rally, according to Aon Hewitt’s monthly median solvency ratio survey. The figure is 1.4 percentage points higher than the beginning of October and the highest level since the survey recorded 102 per cent in 2002. Of surveyed plans, […]
The Ontario Teachers’ Pension Plan is selling part of its stakes in Britain’s Birmingham and Bristol airports to two Australian entities, the New South Wales Treasury Corp. and Sunsuper superannuation fund. TCorp and Sunsuper will each buy 15 per cent of Bristol Airport with Ontario Teachers’ retaining a 70 per cent stake. As for Birmingham Airport, Ontario Teachers’ will retain […]
The British Columbia Investment Management Corp. and French private equity group PAI Partners have agreed to a cash public offer of all shares of Refresco Group for more than $2.4 billion. The offer price of 20 euros in cash per share represents a 22 per cent premium on the average closing price (16.37 euros) of the drink […]
La Caisse de dépôt et placement du Québec’s real estate arm, Ivanhoé Cambridge, and QuadReal Property Group are investing up to US$800 million in a logistics venture in India. The venture, a partnership between real estate logistics specialist LOGOS Group and Indian construction company Assetz Property Group, was first announced in August 2017. Focused on developing […]
Using global real estate strategically can help enhance diversification, manage overall portfolio risk and insulate overall portfolios from future market shocks, according to Tracey Luke, senior director of product management at Invesco Ltd., speaking at the 2017 Global Investment Conference. Institutional trends around the globe are pointing to an increase in allocations from institutional investors in […]
A consortium of funds that includes the Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board has reached an agreement to acquire CeramTec Group, a German manufacturer of technical ceramic components. The company’s advanced ceramics are used across a number of different industries, including medical technology, the automotive industry, the electronics sector, energy […]
The real estate arm of the Ontario Municipal Employees Retirement System will acquire the Sony Center in Berlin for $1.6 billion (1.1 billion euros). In partnership with Madison International Realty, the investment marks Oxford Properties’ first foray into the Berlin market. The Sony Center is a 112,000-square-feet, mixed-used complex in Potsdamer Platz. It comprises eight […]
A move by several banks to set up shop in Ireland recently could be the first sign of some of the economic opportunities Britain’s exit from the European Union will bring to the island, an economist suggests. For Britain’s financial services sector, Brexit will mean an end to the ability to do business in any country in […]