joint venture – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 22 Nov 2024 22:16:07 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 CPPIB launching U.K. real estate joint venture, reinvesting $100 million in U.S. energy firm https://www.benefitscanada.com/canadian-investment-review/alts/cppib-launching-u-k-real-estate-joint-venture-reinvesting-100-million-in-u-s-energy-firm/ Fri, 25 Oct 2024 19:00:44 +0000 https://www.benefitscanada.com/?p=161729 The Canada Pension Plan Investment Board is investing £500 million in a new U.K.-based single-family rental housing joint venture. The initial allocation will give the investment organization a 90 per cent stake in the venture, while its partner, global real estate investment company Kennedy Wilson Holdings Inc., will hold a 10 per cent ownership stake […]

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]]> Caisse investing in U.S.-based utilities firm, BCI backing acquisition of India-based communications infrastructure provider https://www.benefitscanada.com/canadian-investment-review/alts/caisse-investing-in-u-s-based-utilities-firm-india-based-ivanhoe-cambridge-partner-securing-50m-loan/ Fri, 20 Sep 2024 19:00:21 +0000 https://www.benefitscanada.com/?p=160297 The Caisse de dépôt et placement du Québec is buying a 30 per cent indirect stake in the Ohio subsidiary of energy firm AES Corp. for nearly US$546 million. This is the Caisse’s second investment in the utilities company, after first investing in AES Indiana. The investment doesn’t grant the Caisse with a change in […]

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]]> Ivanhoé Cambridge increasing investment in real estate partnership, PSP Investments selling data centre operator stake https://www.benefitscanada.com/news/cir-news-news/ivanhoe-cambridge-increasing-investment-in-real-estate-partnership-psp-investments-selling-data-centre-operator-stake/ Fri, 21 Jun 2024 19:00:22 +0000 https://www.benefitscanada.com/?p=157300 Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, is increasing the size of its investment partnership with Walker & Dunlop Investment Partners to US$500 million. The investment partnership, which was originally formed in 2021, will continue to seek equity investments in multifamily properties, student housing and manufactured housing […]

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]]> Ontario Teachers’ considers selling seniors’ residence operator, Ivanhoé Cambridge forms Australian student housing joint venture https://www.benefitscanada.com/canadian-investment-review/alts/ontario-teachers-considers-selling-seniors-residence-operator-ivanhoe-cambridge-forms-australian-student-housing-joint-venture/ Fri, 19 Apr 2024 19:00:26 +0000 https://www.benefitscanada.com/?p=154426 The Ontario Teachers’ Pension Plan is considering selling Amica Senior Lifestyles in a deal that could be worth $5 billion, according to report by Bloomberg. The Ontario Teachers’ acquired the senior luxury residence operator in 2015 through a transaction by its subsidiary BayBridge Seniors Housing Inc., which includes more than 30 assets in British Columbia and Ontario. […]

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]]> Caisse buys stake in Quebec-based logistics operator, CPPIB sells stake in South Korean logistics joint venture https://www.benefitscanada.com/canadian-investment-review/alts/cppib-sells-stake-in-south-korean-logistics-joint-venture-psp-investments-adds-real-estate-partner-to-toronto-redevelopment-project/ Fri, 23 Feb 2024 20:00:45 +0000 https://www.benefitscanada.com/?p=152262 The Caisse de dépôt et placement du Québec is acquiring an equity stake in North American port terminal and logistics operator QSL International Ltd. The investment organization first invested in QSL in 2021 through loan deals. The deal is expected to close in mid-2024 and details of the transaction weren’t disclosed. “We are proud to take […]

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]]> Three Canadian pension funds’ investments among the biggest mergers, acquisitions deals in Q4 2023: report https://www.benefitscanada.com/canadian-investment-review/research-markets/three-canadian-pension-funds-investments-among-the-biggest-mergers-acquisitions-deals-in-q4-2023-report/ Thu, 01 Feb 2024 16:00:29 +0000 https://www.benefitscanada.com/?p=151213 A joint venture that saw the Canada Pension Plan Investment Board and Blackstone Inc. acquire a 20 per cent stake in a senior mortgage loan portfolio from the failed Signature Bank for US$1.2 billion was the biggest mergers and acquisitions transaction in the fourth quarter of 2023, according to a report by S&P Global Market Intelligence. […]

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]]> OMERS evaluates sale of LifeLabs, CPPIB sells stake in software company https://www.benefitscanada.com/canadian-investment-review/alts/cppib-sells-stake-in-visma-buys-portion-of-commercial-real-estate-asset-joint-venture/ Mon, 22 Jan 2024 20:00:22 +0000 https://www.benefitscanada.com/?p=150939 The Ontario Municipal Employees’ Retirement System is considering the sale of LifeLabs Inc., according to a report by The Globe and Mail. A spokesperson for the infrastructure arm of the OMERS said the investment organization has held preliminary negotiation talks with “multiple potential buyers” but is currently not in any late-stage discussions. The report said […]

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]]> CPPIB jointly acquiring cloud-based software company, OMERS subsidiary entering debt financing agreements https://www.benefitscanada.com/canadian-investment-review/alts/cppib-jointly-acquiring-cloud-based-software-company-omers-subsidiary-entering-debt-financing-agreements/ Tue, 14 Mar 2023 16:30:54 +0000 https://www.benefitscanada.com/?p=135257 The Canada Pension Plan Investment Board is jointly acquiring an experience management software provider. The CPPIB and Silver Lake, a private equity firm, will acquire all outstanding shares in Qualtrics for US$12.5 billion. Under the terms of the agreement, existing shareholders will receive US$18.15 for each share sold. Qualtrics is known for its cloud-based subscription […]

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]]> PSP, CPPIB backing offshore wind companies https://www.benefitscanada.com/canadian-investment-review/alts/psp-cppib-backing-offshore-wind-companies/ Tue, 13 Dec 2022 17:00:14 +0000 https://www.benefitscanada.com/?p=131206 The Public Sector Pension Investment Board is investing in a Norwegian offshore wind service company. The investment organization and asset management firm Sandbrook Capital Management are injecting US$250 million into Havfram. The funding will be used to cover a portion of the costs of building a fleet of vessels capable of installing 300 metre wind […]

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]]> CPPIB acquiring luxury hotel in Rome, HOOPP selling Alberta pet food company https://www.benefitscanada.com/canadian-investment-review/alts/cppib-acquiring-luxury-hotel-in-rome-hoopp-selling-alberta-pet-food-company/ Thu, 10 Nov 2022 17:00:23 +0000 https://www.benefitscanada.com/?p=129441 A joint venture involving the Canada Pension Plan Investment Board is investing in a hotel in Rome. The acquisition of the W Rome is part of a joint venture between the CPPIB and Hamilton Pyramid Europe, a subsidiary of the Pyramid Global Hospitality Group. The luxury hotel, which will continue to operate under the W […]

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