OMERS Capital Partners has agreed to buy Golf Town Income Fund for about $240 million, including debt. “Golf Town is a real Canadian success story,” says Paul Renaud, president and CEO at OCP. “We are investing with an exceptional management team and are very excited about the opportunity to continue to grow the business.” The […]
Telus says it has no intentions of making a competing offer to acquire BCE, which agreed in June to be taken private by a consortium led by the Ontario Teachers’ Pension Plan. There has been much continued speculation and uncertainty in the market about the potential for Telus to pursue an offer to acquire BCE, […]
Charles Baillie, the former chairman and CEO of TD Bank Financial Group, will be the chairman of Alberta Investment Management Corporation’s board of directors. George Gosbee, chair, CEO and president of Tristone Capital Inc, will be the vice chair of the board. “These gentlemen bring a wealth of experience and knowledge of the investment industry […]
The Canada Pension Plan Investment Board has confirmed it will invest in an alternative trading system that will compete with the Toronto Stock Exchange. The board will pay $17.5 million for a 10% interest in Alpha, an automated trading system backed by BMO Capital Markets, CIBC World Markets, National Bank Financial, RBC Capital Markets, Scotia […]
ABN AMRO’s managing and supervisory boards say they can no longer support Barclays’s friendly takeover offer. They cite the fact that the US$98.3 billion hostile bid from a group consisting of RBS, Fortis and Santander is about 10% higher than the offer from Barclays. “The Boards are therefore, notwithstanding their support of the strategic benefits […]
The Ontario Teachers’ Pension Plan is buying an interest in LLX Logistica, a subsidiary of Brazil’s MMX Mineracao e Metalicos. It will subscribe for and purchase 15% of the issued and outstanding shares of the logistics firm in preferred stock for a price of US$185 million. “LLX will continue to aggressively seek investment opportunities in […]
A group led by Brookfield Asset Management, which includes the Caisse de dépôt et placement du Québec and Goldman Sachs, are preparing an offer to take Canadian Pacific Railway private, according to a report. The Globe and Mail says the group made a proposal to the railroad company in spring, but was turned down. “Earlier […]
TD Bank is providing $3.8 billion in financing for the takeover of BCE by a group including the Ontario Teachers’ Pension Plan. The bank has underwritten $3.3 billion of a $34.3 billion credit facility and will acquire a minority stake in the telecom company for $500 million. “While these commitments are large,” TD says in […]
Teachers’ Private Capital has completed its purchase of Dynea North America from Finland’s Dynea Chemicals. Financial details of the transaction were not disclosed. “We’re proud to be supporting Dynea North America’s emergence as an independent, North American owned and operated company,” says Jim Leech, senior vice-president of Teachers’ Private Capital. Effective immediately, the specialty resins […]
The Ontario Teachers’ Pension Plan and other principal shareholders in Samsonite have agreed to sell their interest in the luggage maker. CVC Capital Partners is acquiring the firm for US$1.7 billion—including the assumption of debt—from Teachers’, Ares Management, and Bain Capital who collectively own 85% of Samsonite’s common stock. The transaction is expected to close […]