Merger and acquisition activity edged higher in Canada in the third quarter, thanks to a wave of deals by pension funds and banks, says a report released Oct. 28 by PwC. According to PwC’s Capital Markets Flash quarterly report, deal volume in the July-September period rose by 8% compared to the same quarter last year, […]
The Autorité des marchés financiers (AMF) will be holding public hearings on the transactions proposed by the Maple Group Acquisition Corporation. The hearings will be held on Nov. 24 and 25, 2011 at the Palais des congrès de Montréal. On Oct. 3, 2011, Maple—which includes the Canada Pension Plan Investment Board and Ontario Teachers’ Pension […]
The Canada Pension Plan Investment Board (CPPIB) and Oxford Properties, the real estate arm of OMERS, are teaming up in a fifty-fifty joint venture to build the new national headquarters for Royal Bank in downtown Toronto. Oxford will oversee all aspects of the development and management of the property. The 30-storey office tower, to be […]
Maple Group Acquisition Corporation, the consortium of 13 financial institutions and pension funds looking to take control of the company that runs the Toronto Stock Exchange, extended its offer Thursday to Oct. 31. The proposal to acquire up to 80% of the shares of TMX Group Inc. was set to expire Friday. The offer is […]
The Canada Pension Plan Investment Board (CPPIB) has joined forces with Global Logistics Properties Ltd. (GLP), the overseas logistics unit of the Government of Singapore Investment Corp., to invest in logistics facilities in Japan. The joint venture, to be known as the Japan Development Fund, will see each partner invest $250 million over a three-year […]
Maple Group says its plan to acquire TMX Group is still on track, despite falling share prices for the Toronto Stock Exchange operator. Maple Group, which includes the Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan, among other pension funds and financial institutions, said it is working with regulators, management and stakeholders on […]
Highlights include cost of managing private market fund.
The Canada Pension Plan Investment Board and U.S. investment bank Goldman Sachs Group Inc. are planning to join private equity firm MBK Partners in a bid for South Korea’s Woori Finance Holdings Co. Ltd., reports Reuters. Yoon Jong-ha, partner and head of MBK’s Korean operations, has said MBK had completed fundraising and would submit a […]
Pension funds have been active in mergers and acquisitions (M&A) for the second quarter of 2011, reports the Financial Post Crosbie: Mergers & Acquisitions in Canada database. Financial sponsors had 12 mergers and acquisitions over $100 million in the second quarter of 2011, nine of which involved pension funds. The 12 transactions were valued at […]
The CPP fund ended the first quarter of fiscal 2012 on June 30, 2011, with net assets of $153.2 billion, an increase of $5.0 billion from the previous quarter ended March 31, 2011. The increase in net assets this quarter resulted from $1.3 billion of investment income, generated primarily from private assets in the portfolio, […]