Employers aren’t abandoning their diversity, equity and inclusion practices — rather, DEI itself is merely diverging, said Ammara Naeem, client experience director at Top Employers Institute, during a recent webinar by the organization. “There might be some shift in the external public sentiment, but when we looked at [human resources] professionals themselves, they seemed to […]
The late-stage venture and growth investment arm at the Ontario Teachers’ Pension Plan is investing US$40 million in artificial intelligence-powered human capital management platform Darwinbox. As part of the transaction, the Teachers’ Venture Growth is acquiring a stake in the technology firm through primary and secondary transactions. Darwinbox is driving an impressive adoption rate in the […]
Approximately US$330 billion green, social, sustainability, and sustainability-linked bonds in emerging markets will soon come to maturity, according to a new report by Amundi Asset Management. The expected bonds break down between $100 billion of GSSS bonds coming due in 2025 and $120 billion in 2026, compared to fewer than $50 billion in 2024. Read: […]
The Canada Pension Plan Investment Board is investing up to $720 million in Nido Living, a student housing operator in Europe. The financial backing will support Nido’s acquisition of Livensa Living, a student housing platform operating across Iberia owned by Brookfield Asset Management. The strategic acquisition demonstrates the CPPIB’s ongoing commitment to European student accommodation, […]
The Public Sector Pension Investment Board is closing the purchase of a 7.51 per cent minority stake in the 407 Express Toll Route from the Canada Pension Plan Investment Board. Spain-based infrastructure firm Ferrovial will retain its 48.29 per cent ownership stake for the 108-kilometre toll highway in the Greater Toronto Area, followed by the […]
The Public Sector Pension Investment Board is selling a minority stake in AGS Airports to alternative asset manager Blackstone Inc. The deal will give Blackstone a 22 per cent stake in the firm. Airport operator AviAlliance, a wholly-owned subsidiary of PSP Investments, remains as majority shareholder with a 78 per cent stake. “We are pleased […]
The Caisse de dépôt et placement du Québec is selling 2.5 million shares in Intact Financial Corp. for a gross price of $278.60 per share. The transaction is expected to produce gross cash proceeds of roughly $696,500,000 from the offering. Overall, the deal represents 1.4 per cent of the issued and outstanding common shares in […]
The Ontario Teachers’ Pension Plan is selling its stake in Copenhagen Airports A/S to co-shareholder Arbejdmarkedets Tillægspension. The Denmark-based investor has been a joint venture partner with the investment organization and co-owner of the airport since 2017. The financial details of the transaction weren’t disclosed. “We would like to thank ATP for their collaboration and […]
Increasing connectivity and massive content generation is driving growth and interest in the market for large data storage capabilities. Speaking during the Canadian Investment Review’s 2024 Investment Innovation Conference, Nick Minto, senior vice-president of commercial real estate at PIMCO, highlighted that cloud-based migration has become a key strategy for enterprises looking to enhance their global […]
Several Canadian cities rank among the best global locations for work-life balance, according to a new report by Mercer. The report ranked cities according to the practicalities of daily life for international talent and their families. It ranked Vancouver as the best city for work-life balance in North America and No. 7 globally. Four other […]