The Canada Pension Plan Investment Board is investing $1.13 billion for a 30 per cent stake in Britain-based BGL Group Ltd. The distributor of insurance and household financial services, which has 8.5 million customers, is behind several brands, including price comparison website Comparethemarket.com, as well as insurance providers Dial Direct and Budget Insurance. Read: CPPIB to acquire Ascot Underwriting […]
The private equity investment arm of the Ontario Municipal Employees Retirement System has entered into an agreement with private equity company Ardian to acquire a majority stake in Trescal. Trescal provides metrology services in 22 countries across North and South America, Europe and Asia. Its services include the calibration and maintenance of test and measurement equipment. […]
The Caisse de dépôt et placement du Québec is committing a $50-million loan to a group of solar energy systems set up by California-based Sunrun Inc. The loan is part of a $302-million senior secured credit facility closed by Sunrun on Oct. 20, 2017. The U.S. solar energy company handles the entire process from design to sale and installation […]
The British Columbia Investment Management Corp. and French private equity group PAI Partners have agreed to a cash public offer of all shares of Refresco Group for more than $2.4 billion. The offer price of 20 euros in cash per share represents a 22 per cent premium on the average closing price (16.37 euros) of the drink […]
The Caisse de dépôt et placement du Québec and CGI Group Inc. are entering into an agreement that allows the Montreal-based information technology consulting company to repurchase some of its shares from the pension fund. CGI Group will repurchase 4,854,368 of its Class A shares held by the Caisse for $61.80 each. Once the transaction […]
The Caisse de dépôt et placement du Québec is supplying $141 million in loans to Carestream Dental, a division of Carestream Health. The company develops, manufactures and markets imaging systems and practice management software for use in dental offices. Its products are used by seven out of 10 dental practitioners, according to a release from […]
The Caisse de dépôt et placement du Québec has acquired Gelpac Inc., a manufacturer of packaging solutions for industrial products and consumer goods. Based in Quebec, the company has been operating for more than 50 years. It provides packaging services to companies across North America, including those in the food, agriculture, construction, retail and pharmaceutical […]
The Caisse de dépôt et placement du Québec will acquire a minority stake in Sebia, a French in-vitro diagnostics company, from two European private equity investors. The Paris-based company focuses on oncology, genetic haemoglobin and metabolic disorders, as well as multiple myeloma diagnostics. With support from the Caisse, it intends to continue the global expansion […]
After seeing some progress in recent months, defined benefit pension plans in Ontario saw a drop in solvency levels during the second quarter. According to the Financial Services Commission of Ontario, the median solvency ratio was 89 per cent as of June 30. That was down from 93 per cent on March 31, 2017. Only […]
Two days after it began managing the assets of its first two clients, the Investment Management Corp. of Ontario is taking part in a deal to acquire a U.S.-based computer hardware provider. Along with investment firm EagleTree Capital and the Honeywell International Inc. pension plan, IMCO will acquire a majority stake in Corsair Components Inc., […]