The Canada Pension Plan fund’s net assets increased to $326.5 billion at the end of the first quarter of fiscal 2018, compared to $316.7 billion at the end of fiscal 2017. The $9.8-billion rise in assets for the quarter ended June 30, 2017, consisted of $5.7 billion in net income after all Canada Pension Plan […]
The Canadian Pension Plan Investment Board Europe and Allianz Capital Partners have signed an agreement to acquire a 20 per cent minority equity interest in Gas Natural Fenosa’s gas distribution business in Spain. The CPPIB and Allianz will invest about $1.3 billion and $900 million, respectively. Gas Natural Fenosa will retain the remaining 80 per cent of the business. Read: CPPIB […]
The Ontario Teachers’ Pension Plan is acquiring a Spain-based funeral services company. On Monday, investment manager 3i Group announced it was selling Memora Funeral Services to Ontario Teachers’ for $170 million. The company has 115 parlours, 24 crematoriums, 13 cemeteries and 91 retail outlets in southwestern Europe. “Memora presents a unique opportunity to invest in a sector […]
The Canada Pension Plan Investment Board has agreed to buy a 50 per cent equity stake in a British business park for $329.6 million from Hermes Investment Management. Milton Park, which is located in Britain’s Thames Valley, provides space for established science and technology companies, as well as spin-off organizations from the University of Oxford. […]
The Canada Pension Plan Investment Board is acquiring Houston-based real estate investment trust Parkway Inc. for $1.6 billion. The CPPIB will own 100 per cent of the company at $30 per share. “Parkway fits well with CPPIB’s long-term real estate strategy to hold stable, high-quality assets in large U.S. markets,” said Hilary Spann, managing director […]
Can long-term investors reshape the markets they invest in for the better?
From thematic investing to the creation of a new long-term value creation global index, the Canada Pension Plan Investment Board has been using its considerable $264.6 billion heft to help foster long-termism in global capital markets. Benefits Canada‘s companion site, Canadian Investment Review, talked to Poul Winslow, managing director, head of thematic investing and external […]
The Canada Pension Plan Investment Board and an Asia-based private equity firm have signed a deal to acquire an international operator of private schools. The transaction values Hong Kong-based Nord Anglia Education Inc. at about $5.9 billion, including debt repayment. Nord Anglia has 43 schools that teach 37,000 students from kindergarten through to the end of high […]
The Canada Pension Plan Investment Board and its co-investors have announced the sale of Dublin-based aircraft leasing company AWAS to Dubai Aerospace Enterprise Ltd. The CPPIB first invested in the company with European private equity firm Terra Firma in 2006. Read: CPPIB to acquire educational company from Ontario Teachers’ “We are pleased with the outcome of […]
Head of CPPIB reflects on demographic similarities between the two countries