CPPIB strikes private equity deal

The Canada Pension Plan Investment Board (CPPIB) has completed a secondary transaction related to J.W. Childs Equity Partners III, a private equity fund by J.W. Childs Associates, L.P.

As the lead investor, the CPPIB invested US$477 million in the transaction. As part of the transaction, the CPPIB has also agreed to commit US$119 million to J.W. Childs Equity Partners IV, a new fund targeting US$450 million in capital commitments from investors.

The Boston-based J.W. Childs is a private equity firm that focuses mainly on mid-market investments in the consumer products, specialty retail and healthcare services sectors across North America.

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