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The Caisse de dépôt et placement du Québec is acquiring Brazil-based power transmission network company Integração Transmissora de Energia in a deal worth $108.5 million.

According to a press release, the organization’s framework will be integrated into the investment organization’s existing Latin America power line company Verene Energia, with a network that spans through Brazil and Uruguay.

“By enabling and accelerating the delivery of renewable energy, electricity transmission assets like Intesa act as real catalysts for the energy transition,” said Emmanuel Jaclot, executive vice-president and head of infrastructure at the Caisse, in the release.

Read: Caisse pledging to allocate up to $8BN to Quebec managers by 2028

In other news, the British Columbia Investment Management Corp. is issuing $1.25 billion-worth of senior unsecured notes that carry a maturity date of June 2, 2033 along with a 4.90 per cent coupon.

The proceeds from the bond issuance will be used for general investment purposes, according to a press release, which noted the BCI will access the debt markets to “support our clients’ investment objectives, providing broader portfolio diversification, an improved risk-adjusted investment profile and enhanced liquidity.”

In addition, the Investment Management Corp. of Ontario is participating in EagleTree Capital LP’s acquisition of travel, hospitality and entertainment industry marketing firm MMGY Global. The financial details of the transaction haven’t been disclosed.

Read: BCI acquiring U.S. fiber communications provider