The Public Sector Pension Investment Board is buying a majority stake in a passenger rail sector business it’s been invested in for the past 13 years. According to the terms of the deal, PSP Investments and asset management company Amber Infrastructure Group Holdings Ltd. will buy a 51 per cent stake in Angel Trains Ltd. […]
The Alberta Investment Management Corp. is investing in an Australian agricultural company. The AIMCo and Australian investment management firm New Forests Ltd. will co-own Lawson Grains. The company produces more than 200,000 tonnes of cereals and vegetable oils per year. It operates out of about 100,000 hectares of farmland spread across New South Wales and Western […]
The Caisse de dépôt et placement du Québec is taking a majority share in a California-based digital platform development company. The Caisse secured the shares in Wizeline Inc. through a transaction with the British private equity fund Apax Partners LLP. Wizeline, which was founded in 2014 as a cloud product development company, is also known […]
The Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board are part of a consortium making a binding offer to buy an Australian infrastructure investment company. The deal, which also includes the Toronto-based Kohlberg Kravis Roberts and Co., values the Spark Infrastructure Group at about AU$ 5.2 billion ($4.8 billion). It has already […]
The Ontario Teachers’ Pension Plan is taking majority stake in a Florida-based therapy provider for children with autism spectrum disorders. The exact terms of the deal with Acorn Health, which specializes in providing applied behavioural analysis therapy, weren’t disclosed. However, a significant minority stake will remain in the hands of several senior managers at the […]
Canada’s defined benefit plans are allocating more to alternative investments as a result of a two-decade period of low inflation, according to a new study from the Bank of Canada. It found sustained decreases in interest rates from 1998 to 2018 have threatened to erode private DB plan solvency surpluses. According to the authors — Bank […]
The Canada Pension Plan Investment Board is buying $450 million shares in an American drainage system provider. Following the investment, the pension fund controls about 4.6 per cent of the Ohio-based Advanced Drainage Systems Inc.’s total equity. ADS, which provides water management solutions to the industrial and agricultural sectors, operates a network of 60 manufacturing […]
The Investment Management Corp. of Ontario is acquiring a British power provider that specializes in the use of low-carbon technologies. Green Frog Power Ltd., which builds and operates power stations throughout the U.K., is working toward a long-term goal of bringing hydrogen gas into the country’s existing gas distribution network. The acquisition comes as GFP […]
The British Columbia Investment Management Corp. is selling its interest in a window covering company. The BCI and its co-owner AEA Investors Ltd. signed a definitive agreement to sell Springs Window Fashions to Clearlake Capital Group. Under the terms of the deal, Springs’ chief executive Eric Jungbluth will continue to lead the company following the transfer of […]
The Ontario Municipal Employees Retirement System is a part owner of a European medical diagnostics supply business. The OMERS has acquired 37.5 per cent of the Germany-based Amedes Group from Antin Infrastructure Partners. The investment is the Ontario-based plan’s fourth infrastructure investment in Germany. The Amedes Group, which specializes in medical testing, operates more than […]