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. […]
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 […]
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 […]
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 […]
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 […]
A development backed by the OPSEU Pension Trust is the beneficiary of the largest federal loan to a First Nations economic partnership in Canadian history. The Sen̓áḵw development project, in which the OPTrust has a 20 per cent stake, aims to construct 6,000 homes in Vancouver’s Kitsilano neighbourhood. It has received a $1.4 billion federal […]
The Canada Pension Plan Investment Board is making a second contribution to a real estate joint venture expanding its industrial warehouse portfolio in Korea’s largest metropolitan areas. In 2020, the CPPIB made an initial contribution of US$450 million to the joint venture, which was launched by ESR Cayman, a real estate investment firm. The joint […]
The Canada Pension Plan Investment Board is entering a joint venture to develop multifamily residential communities in high-growth metropolitan areas of the U.S. The institutional investor has allocated US$979 million for a 96 per cent share in the venture. Its partner, LMC, a real estate management business and wholly owned subsidiary of Lennar Corp., will be […]
Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, is entering a new joint venture to construct multifamily rental units in Chile. The deal, reached with Greystar Real Estate Partners, will focus on build-to-rent properties in Santiago, the nation’s capital and largest city. In a press release, Adriano Mantesso, […]
The Caisse de dépôt et placement du Québec is investing $100 million in a subscription commerce platform company. The investment in AppDirect Capital will be used to accelerate the growth of the AppSmart Invest program, a recently launched business-facing online technology marketplace that connects buyers with expert advisors. The marketplace is designed to help subscribing […]