Australia – Benefits Canada.com

Ontario Teachers’ considers selling seniors’ residence operator, Ivanhoé Cambridge forms Australian student housing joint venture

bmcgovern — Fri, 19 Apr 2024 19:00:26 +0000

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. […]

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Ontario Teachers’ gains minority stake in new alternative lender, UPP backs U.K. locomotive operator

bmcgovern — Mon, 01 Apr 2024 19:00:47 +0000

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 […]

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Caisse sells 1.3% of shares in insurance firm, BCI buys ownership stake in Australian agriculture operator

bmcgovern — Thu, 29 Feb 2024 20:00:55 +0000

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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Comparing workplace mental-health supports around the world

Sadie Janes — Fri, 09 Feb 2024 13:58:20 +0000

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 […]

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AIMCo acquiring Australian cattle portfolio company, IMCO adding $2.6BN in portfolio assets

bmcgovern — Tue, 05 Dec 2023 14:30:59 +0000

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 […]

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Caisse invests in audiovisual technology company, Ontario Teachers’ acquires Australian agriculture operator

bmcgovern — Thu, 30 Nov 2023 16:00:41 +0000

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 […]

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CPPIB invests in private equity company, Ontario Teachers’ increases stake in Australian markets platform

bmcgovern — Thu, 21 Sep 2023 15:00:34 +0000

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 […]

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CPPIB backing efforts to divide investee mining company, OMERS-owned building leasing Sydney office space

Gideon Scanlon — Thu, 27 Apr 2023 16:30:42 +0000

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 […]

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AIMCo investing in Australian agriculture firm, CPPIB in cloud-based storage developer

Gideon Scanlon — Tue, 07 Sep 2021 17:00:16 +0000

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 […]

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Ontario Teachers’, PSP join consortium to buy Australian infrastructure investment company

Gideon Scanlon — Tue, 31 Aug 2021 17:15:09 +0000

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 […]

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