The Public Sector Pension Investment Board is buying 32 per cent of Wittur International Holding, an elevator components manufacturer. Purchasing the stake from funds controlled by Bain Capital Private Equity, PSP Investments intends to work closely with Bain Capital to enhance Wittur’s international expansion. “We are excited to partner with Wittur’s team and Bain Capital Private Equity for the […]
Through a joint venture with California-based agricultural firm Pomona Farming, the Public Sector Pension Investment Board is buying about 165 square kilometres of land to diversify into GMO-free farms. Formerly used by Alexander & Baldwin Inc. to grow sugar cane, the land is on the Hawaiian island of Maui. The venture, called Mahi Pono, which translates to […]
The Public Sector Pension Investment Board is acquiring a 49 per cent interest in a U.S. wind facility through its existing stake in renewable energy company Pattern Energy Group Inc. Pattern Energy Group has agreed to pay $23 million to private affiliate Pattern Energy Group 2 LP for a 35 megawatt-owned interest in a wind farm based in Stillwater […]
The Public Sector Pension Investment Board, alongside global real estate developer Tishman Speyer Properties, is selling Parisian office building Tour Pacific to Société Générale Insurance Group. After taking on the 53,000 square metre office building in 2013, the two investors renovated and refurbished it, adding 30 tenants. The building features a office spaces, a conference centre, fitness space and […]
The Alberta Investment Management Corp., the British Columbia Investment Management Corp. and the Public Sector Investment Board have closed a previously announced plan to conglomerate their long-term timber investments. Originally announced in August 2018, the agreement affiliates timber investments TimberWest Forest Corp. and Island Timberlands Ltd. Partnership. Moving forward, the two organizations will continue as standalone companies, but share facilities […]
Following a recapitalization led by the Ontario Teachers’ Pension Plan and BC Partners, GFL Environmental Inc. is merging with Waste Industries. The two companies will form an entity valued at approximately $3.65 billion, with the transaction set to close in the last quarter of 2018. When combined the companies will operate environmental services and waste […]
The Caisse de dépôt et placement du Québec is investing about $128 million in further supporting Hopper, a Montreal-based travel booking app. The app, which topped 30 million installs over the past year, intends to use the funding to expand its market presence globally and continue to develop its artificial intelligence capacities, according to a press release. Hopper […]
The Public Sector Pension Investment Board, together with its investment partner Tishman Speyer Properties, is selling a mixed-use property in the west end of London. The building, Verde SW1, was sold to Deka Immobilien, a global real estate investment manager, for an undisclosed sum. It comprises 318,000 square feet for leasing, more than 10 floors of office space, […]
Just one Canadian pension fund ranked in the top 20 global funds based on their responses to the recommendations of the task force on climate-related financial disclosures, according to new research by the Asset Owners’ Disclosure Project. The Ontario Teachers’ Pension Plan, which was awarded a BBB rating, placed No. 16 out of the top 100 […]
The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 50 per cent stake in the BridgeTex Pipeline Co. for $1.438 billion. With the purchase, OMERS will be the largest shareholder of the company, which owns the BridgeTex pipeline and transports crude oil from Colorado City, Texas to refineries in Houston. “OMERS’ investment in BridgeTex is consistent with […]