Morneau Shepell Inc. has acquired one of Quebec’s largest employee assistance program (EAP) providers: Jacques Lamarre & Associates and Parcours d’enfant. The acquisition is expected to be immediately accretive to Morneau Shepell. “Today’s acquisition represents a strategic commitment to significantly expand both our EAP presence and our solution portfolio in the province of Quebec,” says […]
Maple Group Acquisition Corporation, the consortium of 13 financial institutions and pension funds looking to take control of the company that runs the Toronto Stock Exchange, extended its offer Thursday to Oct. 31. The proposal to acquire up to 80% of the shares of TMX Group Inc. was set to expire Friday. The offer is […]
Lincluden Management Limited (“Lincluden”) has announced that its existing management team has signed an agreement with Lincluden and its parent company, Old Mutual (US) Holdings Inc., to acquire the business of Lincluden. The transaction is expected to close later this fall. When the transaction closes, the existing management team at Lincluden will continue to run […]
Omers is now the proud owner of V.Group. OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, has successfully completed their acquisition of V.Group Ltd. (“V.Group”) from Exponent Private Equity for an enterprise value of US$520 million. V.Group is one of the world’s largest shipping service firms, offering outsourced ship […]
The Caisse de dépôt et placement du Québec, in partnership with private equity firms Clayton, Dubilier & Rice (CD&R) and AXA Private Equity, has finalized the acquisition of France-based SPIE, a multi-technical services company, from PAI partners. The transaction was first announced in May 2011, for €2.1 billion. CD&R-managed funds invested approximately €510 million in […]
Maple Group says its plan to acquire TMX Group is still on track, despite falling share prices for the Toronto Stock Exchange operator. Maple Group, which includes the Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan, among other pension funds and financial institutions, said it is working with regulators, management and stakeholders on […]
We’ve seen consolidation across a range of service providers in recent years, including insurers and custodians. Now it’s the consultants’ turn. Towers Perrin and Watson Wyatt joined forces to form Towers Watson (14,000 employees globally), completing the transaction in January 2010. And in October 2010, Aon Corporation completed its acquisition of Hewitt Associates to create […]
Pension funds have been active in mergers and acquisitions (M&A) for the second quarter of 2011, reports the Financial Post Crosbie: Mergers & Acquisitions in Canada database. Financial sponsors had 12 mergers and acquisitions over $100 million in the second quarter of 2011, nine of which involved pension funds. The 12 transactions were valued at […]
Regime de rentes du Mouvement Desjardins has acquired a 50% economic interest in an infrastructure limited partnership managed by Connor, Clark & Lunn Infrastructure for cash consideration. The partnership’s primary investment is an equity interest in the Harrison Hydro Project, which is an approximately 150 MW operating run-of-river hydro project located in British Columbia. Connor, […]
The Ontario Teachers’ Pension Plan (Teachers’) is preparing to sell Northumbrian Water Group PLC to Hong Kong’s Cheung Kong Infrastructure Holdings for $3.8 billion, according to regulatory filings by Northumbrian. Teachers’ owns 26.8% of the company, buying the stake in 2005 for $615 million. Teachers should pull in about $1.01 billion from the sale, for […]