The Ontario Teachers’ Pension Plan is considering selling Amica Senior Lifestyles in a deal that could be worth $5 billion, according to report by Bloomberg. The Ontario Teachers’ acquired the senior luxury residence operator in 2015 through a transaction by its subsidiary BayBridge Seniors Housing Inc., which includes more than 30 assets in British Columbia and Ontario. […]
The Ontario Teachers’ Pension Plan is gaining a minority stake in a new financial entity resulting from a merger between Fairstone Bank of Canada and Home Trust Company. The new group will have a national branch and broker network to offer residential and commercial mortgages, personal loans, credit cards, retail financing, auto financing, digital lending […]
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 […]
Although mental health is approached differently in workplaces around the globe, most multinational employers want to ensure a continuity of care and maintain a similar experience for all employees, while respecting local cultural and legal considerations. For Scotiabank, these considerations include focusing on what types of support are needed, what the employee experience is going […]
The Alberta Investment Management Corp. is increasing its Australian agriculture portfolio with the acquisition of a cattle management company. The transaction will see the AIMCo and its local investment partner New Agriculture take over the Kimberley Cattle Portfolio, which includes Yougawalla Pastoral Co. and Argyle Cattle Co. Details of the transaction haven’t been disclosed. “We […]
The Caisse de dépôt et placement du Québec is investing in an audiovisual and entertainment technology company. The investment organization acquired a minority stake in the Montreal-based Solotech to support its acquisition and organic growth strategy designed for expansion in new markets, according to a press release. “With this investment — the largest in the […]
The Canada Pension Plan Investment Board is extending its investment in Northleaf Capital Partners through an additional $200 million commitment. Private equity investment firm Northleaf manages $2.4 billion in private equity investments for the CPPIB with strategic allocations of capital into small- and medium-sized market Canadian buyout and growth funds. “Through this Canadian private equity […]
The Canada Pension Plan Investment Board is supporting an effort to spin off the steel-making side of an investee mining company despite previously saying it would oppose the measure. The board-backed proposal, which was approved at Teck Resources Inc.’s annual general meeting, called for the company to consider spinning off its steel-making business as a […]
The Alberta Investment Management Corp. is investing in an Australian agricultural company. The AIMCo and Australian investment management firm New Forests Ltd. will co-own Lawson Grains. The company produces more than 200,000 tonnes of cereals and vegetable oils per year. It operates out of about 100,000 hectares of farmland spread across New South Wales and Western […]
The Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board are part of a consortium making a binding offer to buy an Australian infrastructure investment company. The deal, which also includes the Toronto-based Kohlberg Kravis Roberts and Co., values the Spark Infrastructure Group at about AU$ 5.2 billion ($4.8 billion). It has already […]