joint venture – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Ontario Teachers’ considers selling seniors’ residence operator, Ivanhoé Cambridge forms Australian student housing joint venture https://www.benefitscanada.com/canadian-investment-review/alts/ontario-teachers-considers-selling-seniors-residence-operator-ivanhoe-cambridge-forms-australian-student-housing-joint-venture/ Fri, 19 Apr 2024 19:00:26 +0000 https://www.benefitscanada.com/?p=154426 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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]]> Caisse buys stake in Quebec-based logistics operator, CPPIB sells stake in South Korean logistics joint venture https://www.benefitscanada.com/canadian-investment-review/alts/cppib-sells-stake-in-south-korean-logistics-joint-venture-psp-investments-adds-real-estate-partner-to-toronto-redevelopment-project/ Fri, 23 Feb 2024 20:00:45 +0000 https://www.benefitscanada.com/?p=152262 The Caisse de dépôt et placement du Québec is acquiring an equity stake in North American port terminal and logistics operator QSL International Ltd. The investment organization first invested in QSL in 2021 through loan deals. The deal is expected to close in mid-2024 and details of the transaction weren’t disclosed. “We are proud to take […]

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]]> Three Canadian pension funds’ investments among the biggest mergers, acquisitions deals in Q4 2023: report https://www.benefitscanada.com/canadian-investment-review/research-markets/three-canadian-pension-funds-investments-among-the-biggest-mergers-acquisitions-deals-in-q4-2023-report/ Thu, 01 Feb 2024 16:00:29 +0000 https://www.benefitscanada.com/?p=151213 A joint venture that saw the Canada Pension Plan Investment Board and Blackstone Inc. acquire a 20 per cent stake in a senior mortgage loan portfolio from the failed Signature Bank for US$1.2 billion was the biggest mergers and acquisitions transaction in the fourth quarter of 2023, according to a report by S&P Global Market Intelligence. […]

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]]> OMERS evaluates sale of LifeLabs, CPPIB sells stake in software company https://www.benefitscanada.com/canadian-investment-review/alts/cppib-sells-stake-in-visma-buys-portion-of-commercial-real-estate-asset-joint-venture/ Mon, 22 Jan 2024 20:00:22 +0000 https://www.benefitscanada.com/?p=150939 The Ontario Municipal Employees’ Retirement System is considering the sale of LifeLabs Inc., according to a report by The Globe and Mail. A spokesperson for the infrastructure arm of the OMERS said the investment organization has held preliminary negotiation talks with “multiple potential buyers” but is currently not in any late-stage discussions. The report said […]

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]]> CPPIB jointly acquiring cloud-based software company, OMERS subsidiary entering debt financing agreements https://www.benefitscanada.com/canadian-investment-review/alts/cppib-jointly-acquiring-cloud-based-software-company-omers-subsidiary-entering-debt-financing-agreements/ Tue, 14 Mar 2023 16:30:54 +0000 https://www.benefitscanada.com/?p=135257 The Canada Pension Plan Investment Board is jointly acquiring an experience management software provider. The CPPIB and Silver Lake, a private equity firm, will acquire all outstanding shares in Qualtrics for US$12.5 billion. Under the terms of the agreement, existing shareholders will receive US$18.15 for each share sold. Qualtrics is known for its cloud-based subscription […]

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]]> PSP, CPPIB backing offshore wind companies https://www.benefitscanada.com/canadian-investment-review/alts/psp-cppib-backing-offshore-wind-companies/ Tue, 13 Dec 2022 17:00:14 +0000 https://www.benefitscanada.com/?p=131206 The Public Sector Pension Investment Board is investing in a Norwegian offshore wind service company. The investment organization and asset management firm Sandbrook Capital Management are injecting US$250 million into Havfram. The funding will be used to cover a portion of the costs of building a fleet of vessels capable of installing 300 metre wind […]

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]]> CPPIB acquiring luxury hotel in Rome, HOOPP selling Alberta pet food company https://www.benefitscanada.com/canadian-investment-review/alts/cppib-acquiring-luxury-hotel-in-rome-hoopp-selling-alberta-pet-food-company/ Thu, 10 Nov 2022 17:00:23 +0000 https://www.benefitscanada.com/?p=129441 A joint venture involving the Canada Pension Plan Investment Board is investing in a hotel in Rome. The acquisition of the W Rome is part of a joint venture between the CPPIB and Hamilton Pyramid Europe, a subsidiary of the Pyramid Global Hospitality Group. The luxury hotel, which will continue to operate under the W […]

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]]> OPTrust-backed Indigenous land development receiving $1.4BN loan, PSP developing Texas’ largest skyscraper https://www.benefitscanada.com/canadian-investment-review/alts/optrust-backed-indigenous-land-development-receiving-1-4bn-loan-psp-developing-texas-largest-skyscraper/ Thu, 08 Sep 2022 16:00:04 +0000 https://www.benefitscanada.com/?p=126472 A development backed by the OPSEU Pension Trust is the beneficiary of the largest federal loan to a First Nations economic partnership in Canadian history. The Sen̓áḵw development project, in which the OPTrust has a 20 per cent stake, aims to construct 6,000 homes in Vancouver’s Kitsilano neighbourhood. It has received a $1.4 billion federal […]

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]]> CPPIB doubling-down on Korean industrial real estate, Caisse developing Brazilian rental properties https://www.benefitscanada.com/canadian-investment-review/alts/cppib-doubling-down-on-korean-industrial-real-estate-caisse-developing-brazilian-rental-properties/ Thu, 07 Jul 2022 16:00:47 +0000 https://www.benefitscanada.com/?p=123987 The Canada Pension Plan Investment Board is making a second contribution to a real estate joint venture expanding its industrial warehouse portfolio in Korea’s largest metropolitan areas. In 2020, the CPPIB made an initial contribution of US$450 million to the joint venture, which was launched by ESR Cayman, a real estate investment firm. The joint […]

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]]> CPPIB entering multifamily property development, selling stake in energy company to Ontario Teachers’ https://www.benefitscanada.com/canadian-investment-review/alts/cppib-entering-multifamily-property-development-selling-stake-in-energy-company-to-ontario-teachers/ Thu, 24 Feb 2022 14:00:28 +0000 https://www.benefitscanada.com/?p=117210 The Canada Pension Plan Investment Board is entering a joint venture to develop multifamily residential communities in high-growth metropolitan areas of the U.S. The institutional investor has allocated US$979 million for a 96 per cent share in the venture. Its partner, LMC, a real estate management business and wholly owned subsidiary of Lennar Corp., will be […]

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