The Caisse de dépôt et placement du Québec is completing an acquisition deal for Antylia Scientific worth nearly US$1.3 billion.
The deal is being completed alongside Brookfield Asset Management through its private equity funds affiliate. In a press release, Martin Longchamps, executive vice-president and head of private equity and private credit at the Caisse, said Antylia is a business supplying critical products to professionals in the life and environmental sciences sectors. “Together, we see an opportunity to support its continued growth and reinforce its position as a market leader.”
Read: Caisse buys renewable energy operator, invests in $300M debt facility for internet company
The Ontario Municipal Employees’ Retirement System is selling a 9.995 per cent stake in Australian electricity network firm Transgrid to the Future Fund Board of Guardians, an organization responsible for managing the Australian government’s investment funds.
The financial details of the transaction weren’t disclosed. In a press release, Ralph Berg, chief investment officer at the OMERS, said infrastructure has provided the investment organization with strong and predictable returns.
“We are very proud to welcome Future Fund, with whom we share similar values and a common mission, into our strategic partnership program, where they are now a co-investor in Transgrid and can access our excellent asset management platform and capabilities.”
Read: OMERS closes US$1BN term notes offering, Caisse investing in Quebec engineering firm