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 […]
The Caisse de dépôt et placement du Québec is acquiring Innergex Renewable Energy Inc. in a deal worth roughly $10 billion. The transaction will see common shareholders receive $13.75 per share, which represents a 58 per cent premium from the company’s current share price. In a press release, Emmanuel Jaclot, executive vice-president and head of […]
An article on why a majority of Canadians are planning to switch jobs this year 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. Six in 10 Canadian employees planning to change jobs this year: survey 2. Acera Insurance’s group […]
Calgary-based Acera Insurance Services Ltd. is expanding its group benefits division to Saskatchewan through a partnership with Saskatoon-based group benefits and retirement consultancy BMA Group. The deal closed in December and BMA will eventually transition to become Acera Benefits, according to a press release. This transaction marked Acera Insurance’s ninth partnership deal in 2024 and […]
Employment Hero, an Australia-based human resources and employee benefits consultant, is acquiring Toronto-based HR consultant Humi. The acquisition, valued at more than $100 million, is a strategic partnership in which Humi will continue to serve the needs of Canadian small- and medium-sized employers through Employment Hero’s operating system, according to a press release. Read: Hub […]
The Caisse de dépôt et placement du Québec is investing $335 million in TerraPact, a U.S.-based firm that owns and operates ground leases and rights of way for more than 700 digital, utility and energy infrastructure assets. The financing will support TerraPact’s real estate portfolio across the U.S. and in British Columbia. It will also refinance […]
Mergers and acquisitions can give rise to many legal and financial complexities related to executive compensation. “The key thing from acquirers’ point of view is to understand what their objectives are with respect to executive compensation,” says Elizabeth Boyd, a pensions, benefits and executive compensation partner at Blake, Cassels & Graydon LLP. “Decisions must be […]
When a company is undergoing a merger or acquisition, it’s important to maintain consistency regarding benefits plans and streamline the process as much as possible. “It’s crucial to allocate the proper resources to make sure the process goes smoothly and benefits coverage is maintained or improved upon,” says Connie Cooper, associate vice-president of executive financial […]