The Canada Pension Plan Investment Board and Ares Management have agreed to buy Neiman Marcus Group from a group of investors led by TPB and Warbug Pincus.
The Canada Pension Plan Investment Board and Ares Management are in talks to acquire luxury retailer Neiman Marcus for US$6 billion, according to a number of media reports.
The overall outlook for investors in alternative assets is positive, with the majority looking to either maintain or increase their capital commitments in the next 12 months and the longer term, according to a survey by Preqin.
OMERS Private Equity, the private equity arm of OMERS, has sold Nordco to New York-based private equity firm Greenbriar Equity Group for an undisclosed amount.
The Ontario Teachers’ Pension Plan and private equity firm Ares Management have reached a deal to buy building products maker CPG International.
One of the recent trends in private equity is crowdfunding. In the context of private company funding, crowdfunding is used to sell small amounts of equity in a company to a large number of investors. Traditionally, this has been the purview of venture capital initiatives, where new ideas are funded through capital raising, usually first from family and friends, and later through private placements and/or strategic investors.
Coverage of the 2013 Global Investment Conference.
The global pension fund assets held by the 100 largest asset managers dealing with pension funds rose by 8% in 2012 from the year before, hitting US$1.3 trillion, according to a Towers Watson Global Alternatives Survey.
The CPP Investment Board and the Caisse de dépôt et placement du Québec are reportedly interested in purchasing assets from Rio Tinto, according to a report.
LifeLabs Medical Laboratory Services, which is owned by OMERS’ infrastructure division Borealis, has made a friendly takeover bid to take CML Healthcare private.