The Ontario Teachers’ Pension Plan is selling Aurora Plastics, an Ohio-based plastics manufacturer, alongside its co-owner, Chicago-based private equity firm Wild Point Partners.

The pension fund purchased its stake in the firm, which produces custom rigid polyvinyl chloride powders, pellets, foams and alloys for small-and medium-sized manufacturers, in 2016. At the time, it had facilities in North Carolina and Ohio, but has since opened additional production facilities in Massachusetts, Quebec and Texas.

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“Today’s sale is the culmination of a highly successful partnership with Wind Point, which has seen Aurora establish itself as a leading North American provider of custom material solutions,” said Karen Frank, senior managing director of equities at the Ontario Teachers’, in a press release. “We believe this transaction is a great outcome for all parties and we look forward to continuing to watch Aurora thrive under its new owners.”

In other news, Ivanhoé Cambridge, the real estate subsidiary of the Caisse de dépôt et placement du Québec, is joining a partnership to invest in Dutch residential assets.

The Mubadala Investment Co., an Abu Dhabi-based asset management group, and the London-based real estate investment firm Round Hill Capital Investments will join Ivanhoé to invest in affordable residential assets in the Netherlands.

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The strategic partnership will aim to target homes with an attractive adjusted risk profile, specifically in larger cities with a higher-than-average population of young professionals, noted a press release.

Charles-Antoine Lussier, senior vice-president of residential and hotels at Ivanhoé Cambridge, said the partnership will help shore-up the organization’s European investment strategy. “For Ivanhoé Cambridge, this partnership is part of our strategy to continue investing in quality sustainable and affordable residential assets in Europe.”