The Ontario Teachers’ Pension Plan is entering into a partnership with Fleet Complete, a Toronto-based software company in the vehicle space. The company provides GPS tracking solutions for enterprises using multiple vehicles for shipping, delivery and transportation in order to optimize efficiency. The Ontario Teachers’ is purchasing private equity in the company from current shareholder Madison Dearborn […]
Increasing exposure to less liquid, alternative assets like infrastructure, real estate and private equity hasn’t created difficulty for Canadian pensions in repaying creditors, according to a report by Moody’s Corp. As pension portfolios have increased their allocations to alternatives, with these assets now making up close to 40 per cent of Canadian plan’s investments, concerns around liquidity […]
The Caisse de dépôt et placement du Québec and Brookfield Business Partners is acquiring 100 per cent of Johnson Controls’ power solutions business for about $17.5 billion. The business produces batteries for global automakers and aftermarket distributors and retailers for use in nearly all types of vehicles, including hybrid and electrical models. “This transaction enables us […]
The Alberta Investment Management Corp. is taking a majority stake in Eolia Renovables de Inversiones, a Spanish renewable energy producer, from Oaktree Capital Management and other shareholders. “AIMCo is very pleased to become the majority shareholder in Eolia Renovables,” said Ben Hawkins, senior vice-president of infrastructure and timber at the AIMCo, in a press release. “The company’s […]
The Canada Pension Plan Investment Board saw a net return of 0.6 per cent for the second fiscal quarter of 2019. With a total net assets of $368.3 billion as of Sept. 30, 2018, the fund added $1.7 billion during the quarter. “While returns were relatively flat in the second quarter, our teams performed well against our […]
As market conditions and investment preferences shift, investors are looking to private equity and other asset classes, while hedge funds face headwinds raising capital, according to EY’s 2018 Global Alternative Fund Survey, At the Tipping Point: Disruption and the pace of change in the alternative asset management industry. The survey results found that 20 per cent […]
The Ontario Municipal Employees Retirement System’s private equity arm is selling MatrixCare Holdings Inc., a health-care technology company, to ResMed Operations Inc. for about $982 million. “We first acquired MatrixCare as part of a larger acquisition in 2010,” said Mark Van Wart, managing director of OMERS Private Equity, in a press release. “Since bringing John Damgaard in as CEO in […]
Two of the Ontario Teachers’ Pension Plan’s former managing directors are opening a new private equity firm, Peloton Capital Management. Founding managing partners Steve Faraone and Mike Murray worked together at the OTPP for more than 10 years, where they played key roles developing its direct PE program. Peloton will have a long-term approach to middle-market […]
Following a recapitalization led by the Ontario Teachers’ Pension Plan and BC Partners, GFL Environmental Inc. is merging with Waste Industries. The two companies will form an entity valued at approximately $3.65 billion, with the transaction set to close in the last quarter of 2018. When combined the companies will operate environmental services and waste […]
Why bigger isn't always better when it comes to choosing companies