The Ontario Teachers’ Pension Plan and Ares Management Corp. are both acquiring a majority interest in U.S.-based packaging company TricorBraun. The packaging company’s management team will continue to lead TricorBraun following the close of the transaction and its leadership team will also retain a significant investment in the company, as will its current majority owner, AEA […]
The Canada Pension Plan Investment Board is forming a joint venture with Greystar Real Estate Partners to pursue multi-family real estate development opportunities in target markets in the U.S. The CPPIB has invested US$350 million in equity to the joint venture for a 90 per cent stake and Greystar has allocated US$39 million for the remaining 10 per cent. Greystar will manage […]
The Ontario Teachers’ Pension Plan is among the investors contributing more than US$1.6 billion in Series E+ financing to Zuoyebang, a China-based online education start-up. Other investors in this round include Alibaba Group Holding Ltd., FountainVest Partners (Asia) Ltd., Sequoia Capital China, Softbank Vision Fund and Tiger Management Corp. The funding will be used to […]
The Caisse de dépôt et placement du Québec and local investor Cathay PE are jointly acquiring a 50 per cent interest in the Greater Changhua 1 Offshore Wind Farm, a 605-megawatt facility in Taiwan. The majority of the approximately $3.4-billion deal will be used to pay for the engineering, procurement and construction services for the […]
The Caisse de dépôt et placement du Québec is investing an additional US$1 billion in Invenergy Renewables, a developer and operator of wind and solar projects across North America. The commitment, in the form of new investment facilities, will support Invenergy’s expanded development activities and continued growth, according to a press release. The Caisse began […]
The year 2020 tested the mettle of entrepreneurs and small business owners like none other in recent history. And private equity firms operating in the small- and medium-sized business space were called upon like never before to help manage through the pandemic. For many business owners, 2020 has been about survival and making it through […]
In many private equity asset classes, managers typically deploy most of their capital in a particular investment on day one. While they may increase or decrease the investment over time depending on the strategy and the needs of the business and the shareholders, they generally deploy a large percentage of their investment in the early […]
The Ontario Municipal Employees Retirement System’s infrastructure arm is selling its interest in DoProcess, an Ontario-based software provider for legal professionals. The sale will give full ownership to software producer Dye & Durham Ltd. and is expected to generate approximately $530 million for the OMERS, including $30 million of Dye & Durham common shares. The pension fund acquired […]
The Public Service Alliance of Canada is reiterating a call for its pension investment manager to divest its ownership in Revera Inc. over the company’s safety record during the coronavirus pandemic, saying the fund should “pull out of the business of long-term care” altogether. The public sector union, which represents 140,000 public sector pension plan members, first said […]
Quebec-based pension fund Bâtirente has reduced the carbon footprint of its equities by more than 22 per cent of its benchmark portfolios, according to the fund’s latest analysis. It also found that as of Dec. 31, 2019, the fund’s carbon footprint was down 12 per cent from the previous year, due to improved equity selections […]