acquisition – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 06 May 2024 15:04:41 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 CPPIB investing in U.S., Italian telecommunications operators https://www.benefitscanada.com/canadian-investment-review/alts/cppib-aimco-reinvesting-in-telecommunications-provider-caisse-adds-investing-partner-in-ancillary-travel-operator/ Fri, 08 Mar 2024 20:00:30 +0000 https://www.benefitscanada.com/?p=152910 The Canada Pension Plan Investment Board is joining an investment group acquiring Italian telecommunications provider NetCo. The investment organization will acquire a 17.5 per cent stake of the company for up to $2.9 billion. The deal, which also includes Kohlberg Kravis Roberts and Co. (a subsidiary of the Abu Dhabi Investment Authority), Italian infrastructure fund F2i […]

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]]> Caisse sells 1.3% of shares in insurance firm, BCI buys ownership stake in Australian agriculture operator https://www.benefitscanada.com/canadian-investment-review/alts/caisse-sells-1-3-of-shares-in-insurance-firm-bci-buys-ownership-stake-in-australian-agriculture-operator/ Thu, 29 Feb 2024 20:00:55 +0000 https://www.benefitscanada.com/?p=152500 The Caisse de dépôt et placement du Québec is selling 1.3 per cent of the issued and outstanding common shares it holds of insurance provider Intact Financial Corp. The investment organization will sell about 2.3 million shares at a price of $227.10 per share, resulting in gross proceeds of approximately $525 million. Once the transaction […]

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]]> Caisse buys stake in Quebec-based logistics operator, CPPIB sells stake in South Korean logistics joint venture https://www.benefitscanada.com/canadian-investment-review/alts/cppib-sells-stake-in-south-korean-logistics-joint-venture-psp-investments-adds-real-estate-partner-to-toronto-redevelopment-project/ Fri, 23 Feb 2024 20:00:45 +0000 https://www.benefitscanada.com/?p=152262 The Caisse de dépôt et placement du Québec is acquiring an equity stake in North American port terminal and logistics operator QSL International Ltd. The investment organization first invested in QSL in 2021 through loan deals. The deal is expected to close in mid-2024 and details of the transaction weren’t disclosed. “We are proud to take […]

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]]> Sun Life to acquire Dialogue Health Technologies https://www.benefitscanada.com/benefits/health-benefits/sun-life-to-acquire-dialogue-health-technologies/ Wed, 26 Jul 2023 19:00:08 +0000 https://www.benefitscanada.com/?p=141449 Sun Life Financial Inc. has entered into a definitive agreement to acquire Dialogue Health Technologies Inc. for roughly $365 million. The insurer initially invested in the virtual-care platform in 2020 and subsequently expanded the relationship as a large shareholder and partner. Dialogue will maintain its head office in Montreal and will continue to operate as a […]

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]]> CPPIB, BCI backing agricultural acquisition; PSP allocating to thematic fund https://www.benefitscanada.com/canadian-investment-review/alts/cpp-bci-backing-agricultural-acquisition-psp-allocating-to-thematic-fund/ Thu, 15 Jun 2023 16:30:31 +0000 https://www.benefitscanada.com/?p=139838 The British Columbia Investment Management Corp. and the Canada Pension Plan Investment Board are backing an acquisition in the agricultural industry. Bunge Ltd., an oilseed and grain trader that generated US$67.23 billion in revenue in 2022, will take over privately held rival Viterra Ltd. Under the terms of a definitive agreement, Viterra shareholders will receive […]

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]]> Franklin Templeton to acquire Putnam Investments https://www.benefitscanada.com/canadian-investment-review/cir-news/franklin-templeton-to-acquire-putnam-investments/ Thu, 01 Jun 2023 19:00:38 +0000 https://www.benefitscanada.com/?p=139185 Franklin Templeton is entering into a definitive agreement to acquire Putnam Investments from Great-West Lifeco Inc. for about US$925 million. As part of the agreement, Great-West will become a long-term strategic shareholder in Franklin Resources Inc. — Franklin Templeton’s parent company — with a 6.2 per cent stake. In addition, Great-West will will provide an initial long-term […]

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]]> Caisse supporting Uni-Select acquisition, Ontario Teachers’ participating in construction company buy back https://www.benefitscanada.com/news/caisse-supporting-uni-select-acquisition-ontario-teachers-participating-in-construction-company-buy-back/ Thu, 18 May 2023 16:30:44 +0000 https://www.benefitscanada.com/?p=138492 The Caisse de dépôt et placement du Québec is selling its stake in a Quebec-based automotive aftermarket equipment manufacturer. Last week, Uni-Select Inc., which manufactures paint and refinishing products for the automotive aftermarket sector, held an extraordinary shareholder meeting to vote on a $2.8 billion acquisition offer. The deal came from LKQ Corp., a Chicago-based […]

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]]> CPPIB jointly acquiring cloud-based software company, OMERS subsidiary entering debt financing agreements https://www.benefitscanada.com/canadian-investment-review/alts/cppib-jointly-acquiring-cloud-based-software-company-omers-subsidiary-entering-debt-financing-agreements/ Tue, 14 Mar 2023 16:30:54 +0000 https://www.benefitscanada.com/?p=135257 The Canada Pension Plan Investment Board is jointly acquiring an experience management software provider. The CPPIB and Silver Lake, a private equity firm, will acquire all outstanding shares in Qualtrics for US$12.5 billion. Under the terms of the agreement, existing shareholders will receive US$18.15 for each share sold. Qualtrics is known for its cloud-based subscription […]

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]]> Green Shield acquires Quebec-based EAP provider https://www.benefitscanada.com/benefits/health-benefits/green-shield-canada-acquires-quebec-based-eap-provider/ Thu, 16 Feb 2023 14:00:20 +0000 https://www.benefitscanada.com/?p=133991 Green Shield Holdings Inc. is acquiring Quebec-based employee assistance program provider BCH Consultants. The acquisition will add 700 Quebec-based clinicians to Green Shield’s existing network, expanding the national, bilingual scope of its mental-health services to nearly 5,000 clinicians and strengthening its offering in Quebec. This is the eighth acquisition by Green Shield in two years. Read: Green […]

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]]> $13.5BN HSBC Canada Bank acquisition a win for pension plans, says RBC CEO https://www.benefitscanada.com/canadian-investment-review/cir-news/13-5bn-hsbc-canada-bank-acquisition-a-win-for-pension-plans-says-rbc-ceo/ Thu, 01 Dec 2022 17:00:24 +0000 https://www.benefitscanada.com/?p=130541 A deal for the Royal Bank of Canada to absorb HSBC Bank Canada for $13.5 billion is good news for pension plans, said Dave McKay, chief executive officer of RBC. “This is good for shareholders ⁠— which are largely pension funds ⁠— and that’s average Canadian pension funds,” said McKay during a conference call. The […]

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