Searchlight Capital Partners, along with several Canadian pension investors, is acquiring the U.S. Northwest operations and assets of internet and telephone services provider Frontier Communications, forming a new company called Ziply Fiber. First announced in May 2019, Searchlight Capital has now completed the acquisition along with the British Columbia Investment Management Corp., the Canada Pension Plan Investment […]
The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are purchasing 40 per cent of the shares of Impulsora del Desarrollo y el Empleo en América Latina, a Mexican infrastructure developer. The two organizations made their tender offer to buy shares of the publicly traded company, at MXN$43.96 per share, following the initial announcement of […]
The Public Sector Pension Investment Board is making a strategic investment in SitusAMC, which provides advisory, outsourcing, talent and technology solutions to both the commercial and residential real estate finance industries. The PSP joins previous backer, private equity firm Stone Point Capital, which will remain SitusAMC’s largest shareholder. Read: PSP subsidiary starts development consultations for Toronto property […]
The Public Sector Pension Investment Board and the Alberta Teachers’ Retirement Fund Board have completed the purchase of all 30,000,000 common shares of AltaGas Canada Inc. Through the all-cash transaction, which was announced in October 2019, each share was sold for $33.50, coming to a total of $1.005 billion. AltaGas will now be known as TriSummit Utilities Inc. The two pension […]
Across the country, public pension plans are releasing statements to assure members that their defined benefit pensions are secure and that they’re taking measures to protect the health and safety of their own staff. The Colleges of Applied Arts and Technology pension plan said it regularly tests operations and will continue to make pension payments. […]
Northcrest Developments, a real estate subsidiary of the Public Sector Pension Investment Board, is launching a development project in Toronto, alongside the Canada Lands Co. The site, known as Downsview, is 520 acres and includes the Downsview Airport, which is slated for closure in 2023. While details of the development plans are largely unknown, a consultation process on how best […]
The Public Sector Pension Investment Board, along with a consortium of other investors, is acquiring a majority stake in Lytx Inc., a video-telematics company. The investment, which was headed by global private equity firm Permira, included the Canada Pension Plan Investment Board, an affiliate of GIC Private Ltd. and HarbourVest Partners in the deal. The […]
H2O Power, in which the Public Sector Pension Investment Board is a shareholder, is selling its Canadian hydroelectric generation assets to TCorp. Through the transaction, the investment and financial management partner of the New South Wales public sector will hold a 49 per cent interest in H2O Power’s eight Canadian assets. Read: PSP Investments sells […]
The Public Sector Pension Investment Board is buying 89,085 megalitres of permanent water rights from Olam Orchards Australia Pty Ltd. for a total of A$490 million. “Our agreement with Olam Orchards Australia is consistent with our strategy to partner with best-in-class operators who take the long-term view and to invest in high-quality agricultural assets globally,” […]
The Public Sector Pension Investment Board is buying 89,085 megalitres of permanent water rights from Olam Orchards Australia Pty Ltd. for a total of A$490 million. “Our agreement with Olam Orchards Australia is consistent with our strategy to partner with best-in-class operators who take the long-term view and to invest in high-quality agricultural assets globally,” […]