The Canada Pension Plan Investment Board is investing up to $720 million in Nido Living, a student housing operator in Europe.
The financial backing will support Nido’s acquisition of Livensa Living, a student housing platform operating across Iberia owned by Brookfield Asset Management. The strategic acquisition demonstrates the CPPIB’s ongoing commitment to European student accommodation, said Thomas Jackson, head of real estate Europe at the investment organization, in a press release.
“Livensa is a high quality [purpose-built student accommodation] platform and the acquisition complements Nido’s position in Iberia, a growing market with attractive outlook.”
The CPPIB is also investing $300 million in investment manager Nuveen through its subsidiary CPPIB Credit Investments Inc. The investment is part of a $650 million commitment alongside the Teachers Insurance and Annuity Association of America and Temasek Holdings Ltd.
The investment offers stability and attractive yields to the CPPIB amid global volatility, said Raymond Chan, managing director and head of APAC credit at the CPPIB, in a press release. “Leveraging Nuveen’s strong local network and capabilities, this partnership enables us to tap into attractive real estate debt investments in Australia and further augment our credit program in the region.”
The CPPIB also joined a US$115 million Series E funding round for artificial intelligence firm Coralogix. The new round is pushing the firm’s valuation to more than $1 billion. It was led by NewView Capital and included venture firm NextEquity Partners.
In other news, the Ontario Teachers’ Pension Plan is selling a variety of airport assets in Europe. The investment organization is selling three airports in the U.K. — Birmingham Airport, Bristol and London City Airport — to Macquarie Asset Management. It’s also selling its stake in Brussels Airport Company NV/SA to ParticipatieMaatschappij Vlaanderen.
The assets have collectively contributed more than £3.7 billion in gross value added since the Ontario Teachers’ invested. The financial details of the transactions weren’t disclosed.
“We are confident that [the three airports] will continue to flourish and are pleased to be passing the baton to new investors Macquarie as they support them in the next stage of their growth,” said Charles Thomazi, senior managing director and head of infrastructure in EMEA at the Ontario Teachers’, in a press release.
And Integris is acquiring TechMD along with its security division 1nteger Security, with backing from the private equity arm at the Ontario Municipal Employees’ Retirement System. The deal represents the largest strategic acquisition by the information technology management firm, however, the financial details of the transaction weren’t disclosed.