Onex and CPPIB sell Gates to Blackstone

Onex Corporation and Canada Pension Plan Investment Board have completed the sale of Gates Corporation, Tomkins‘ principal remaining business. Blackstone has acquired the business for $5.4 billion.


PE-owned 99 Cents Only Stores hires interim CFO

Retailer chain 99 Cents Only Stores, which is owned by Ares Management and Canada Pension Plan Investment Board, has named Christopher A. Laurence as an interim chief financial officer, treasurer and secretary. Previously, Laurence worked at ThreeSixty Group, where he served as CEO for the past six years.

Canada pension board opens Brazil office – Reuters

Canada Pension Plan Investment Board will open an office in Sao Paulo in April, intent on boosting real estate and infrastructure investments in the region, writes Reuters. CPPIB, a global dealmaker intent on diversifying its C$192.8 billion ($174 billion) portfolio, said the timing for opening its fifth global office is perfect, though it noted competitors like sovereign wealth funds are also hunting similar assets, writes Reuters.

Solar Power Deal

NRG Acquires Solar Project from PE-Backed Quantum Utility Generation

NRG Solar, a subsidiary of NRG Energy Inc., has acquired a Guam-based 25.65-megawatt (AC) solar project from Quantum Utility Generation LLC. No financial details of the transaction were disclosed. The Houston, Texas-based Quantum Utility Generation is backed by Quantum Energy Partners, a private equity firm, and the Canada Pension Plan Investment Board.

Madison Dearborn to Buy Schrader Unit from Tomkins for $505 Mln

Tomkins, which is backed by Onex Corp. and Canada Pension Plan Investment Board, has agreed to sell its Schrader division to Madison Dearborn Partners. The sale price is $505 million cash, plus a small minority equity interest in the parent of the purchasing company. The deal is expected to close in the second quarter. Schrader […]

CPPIB Retains VSG as Advisor

Canada Pension Plan Investment Board has retained Vikram Gandhi and his firm, VSG Capital Advisors, as senior advisors effective March 1st, 2012. Based in India and Hong Kong, VSG will provide strategic advice and facilitate investment opportunities for the CPPIB in the Indian sub-continent. PRESS RELEASE Canada Pension Plan Investment Board (CPPIB) today announced that […]


99-Cent Only Acquired by Ares and CPPIB

99-Cent Only Stores has been acquired by affiliates of Ares Management, Canada Pension Plan Investment Board and the Gold/Schiffer family for $22.00 per share in cash. Founded in 1982, 99-Cent Only Stores currently operates 292 stores consisting of 214 stores in California, 36 in Texas, 29 in Arizona, and 13 in Nevada. PRESS RELEASE 99-Cent […]

Goodman, Canada Pension Plan Boost Chinese Logistics

Australia’s Goodman Group and Canada Pension Plan Investment Board (CPPIB) have more than doubled their equity investment in a Chinese joint venture to $500 million, targeting growth in China’s logistics market, writes Reuters. The two parties formed a 80-20 joint venture with an initial commitment of around $180 million in 2009 to own and develop […]

Kinetic Shareholders Approve $6.3 Bln Offer from Apax-Led Group

Shareholders of Kinetic Concepts have approved a roughly $6.3 billion takeover offer from a consortium including Apax Partners, the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board. The deal is expected to close in early November. Morgan Stanley advised the investor group. Morgan Stanley, BofA Merrill Lynch and Credit Suisse also provided debt financing. San Antonio, Texas-based Kinetic is a wound care company.

99 Cents Only Stores Sells for $1.6B

Ares Management and Canada Pension Plan Investment Board will pay $22 per share, or $1.6 billion, for 99 Cents Only Stores, Reuters reported Tuesday. Reuters also wrote that members of the Schiffer/Gold family, who are key stakeholders in the company, have agreed to vote in favor of the transaction.

CPPIB Assets Rise to C$153.2B

The Canada Pension Plan Investment Board, the country’s second largest pension plan and one of the world’s most active investors in private equity, saw its net assets rise to C$153.2 billion ($154.6 billion) in the second quarter, Reuters reported Thursday. That is up from C$129.7 billion a year ago. The Toronto-based CPPIB has C$24.1 billion (or 15.7% of its assets) invested in private equities.

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