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A consortium of investors including CPPIB has completed the acquisition of a 24.1% stake in the Gassled Joint Venture from Statoil ASA. The buyer is Solveig Gas Norway AS, a holding company that is approximately 40% owned by CPPIB; 30% by Allianz Capital Partners, a subsidiary of Allianz SE; and 30% by Infinity Investments SA, a wholly owned subsidiary of the Abu Dhabi Investment Authority. The total value of the transaction is approximately C$3.18 billion.
Canada Pension Plan Investment Board, one of the world’s top private equity players, said on Thursday the value of its assets under management slipped in its fiscal second quarter, but were up on a year-over-year basis, Reuters reported.
(Reuters) – Yahoo has signed confidentiality agreements with several parties interested in buying all or part of the Internet company, according to people familiar with the matter. The Sunnyvale, Calif.-based Internet pioneer said potential buyers had to sign an agreement by Friday to be allowed a close look at Yahoo’s finances. The Friday deadline could [...]
An Apax-led investor group, which includes Canada Pension Plan Investment Board and the Public Sector Pension Investment Board, has completed its $6.1 billion buy of Kinetic Concepts. KCI shareholders approved the deal on Oct. 28.
(Reuters) – U.S. investment bank Goldman Sachs Group Inc and Canada Pension Plan Investment Board have decided to join private equity firm MBK Partners in a bid for Woori Finance Holdings Co Ltd, the country head of MBK Partners said. Yoon Jong-ha told Reuters in an interview that in the race for South Korea’s biggest [...]
The Canada Pension Plan Investment Board paid $482 million for a 50% stake in a shopping mall near Melbourne, Reuters reported Thursday. The Canada Pension Plan will partner with Australia’s Colonial First State Retail Property Trust, which owns the remaining 50% stake, to manage the center. This is the third such deal for CPPIB in recent weeks. In mid-May, the board said that it paid $386 million for a 50% stake in a German shopping and leisure center. At the same time, it bought 36.9% of Mayflower partnership, which owns a portfolio of 13 regional malls located in the United States.
Some Canadian pensioners can retire a little easier knowing that the $146 billion Canada Pension Plan Investment Board stands to gain a huge 3x-plus return of about $930 million from the sale of its direct stake in Skype Technologies to Microsoft. The investment seems to be a major validation of the strategy of several large Canadian pensions to take large, direct stakes in private companies.
CPPIB was one of three investors that together bought a 65 percent stake in Skype from Ebay in 2009, the others being buyout shop Silver Lake and venture firm Andreessen Horowitz. Skype’s founders and Ebay retained the rest of the company, about 35 percent.
(Reuters) – Microsoft is nearing a deal to buy Internet phone company Skype Technologies for more than $7 billion, and a deal could be announced as early as Tuesday, the Wall Street Journal reported, citing people familiar with the matter. The Skype deal would rank at or near the top of the biggest acquisitions in [...]