Vestcor Inc. is the target of a class action lawsuit alleging a specific transaction ended up costing a group of Canadian investors significant financial losses. “Our legal team is currently evaluating the merits of the lawsuit; the claims have not been tested in court,” the investment organization said in a statement. “We have confidence in […]
Mercer is acquiring Montreal-based human resources consulting firm Hexarem. Founded in 2013, Hexarem serves a diverse range of public and private sector clients across Canada, providing comprehensive, analysis-intensive compensation advice, including total compensation benchmarking and pay programs, according to a press release. Read: Employment Hero acquiring Humi Through the acquisition, Hexarem’s clients will gain access […]
The Canada Pension Plan Investment Board is acquiring an additional 25 per cent stake in the environmental services division of FCC Servicios Medio Ambiente Holding S.A.U. The deal will see the CPPIB pay $1.6 billion for the increased interest, which will see it increase its stake to 49.99 per cent. “Increasing our stake in FCC […]
The Canada Pension Plan Investment Board is acquiring a 13 per cent indirect equity interest in natural gas firm Sempra Infrastructure Partners for roughly US$3 billion alongside affiliates of KKR & Co. Inc. The transaction for a stake in the energy infrastructure firm is expected to close during the second quarter and third quarter of […]
Brookfield Wealth Solutions Ltd. is targeting the U.K. pension risk transfer industry with a planned US$3.17 billion acquisition of insurance firm Just Group, according to a U.S. Securities and Exchange Commission filing. The transaction would provide a 75 per cent premium based on the closing price for Just Group shares on July 30, 2025. Read: […]
An article on Canadian institutional investors’ potential overexposure to alternative assets was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Canadian pension funds could be overexposed in alternative assets: expert 2. Employees on LTD more likely to claim […]
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 Canada Pension Plan Investment Board is selling an office asset portfolio based in Western Canada to Oxford Properties, the global real estate arm of the Ontario Municipal Employees’ Retirement System. The deal will see it transfer a 50 per cent interest in the portfolio, which includes seven downtown office properties in Calgary and Vancouver, […]
Acera Insurance Services Ltd. is partnering with consulting firm Navigate Benefit Solutions as it continues to expand its specialty benefits division. Providing group benefits and group retirement savings solutions since 2002, Navigate is headquartered in Calgary, with team members also based in Edmonton and Regina. Read: Acera Insurance’s group benefits division expanding to Saskatchewan through […]
The Public Sector Pension Investment Board is buying a 7.51 per cent ownership stake in the 407 Express Toll Route from the Canada Pension Plan Investment Board. The price for the strategic stake in the Greater Toronto Area highway asset will cost roughly $2.39 billion payable at closing and a deferred payment to be made […]