Insurance
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Canada pension board buys insurer Wilton Re for $1.8 bln

The Canada Pension Plan Investment Board (CPPIB) has agreed to buy U.S. life insurance and reinsurance provider Wilton Re Holdings Ltd for $1.8 billion from a group of private equity firms, the first foray by the global deal-maker into the U.S. insurance business.

assets
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LPs approve restructuring J.W. Childs Fund III

A majority of limited partners in J.W. Childs Associates’s third fund have approved a restructuring led by the Canada Pension Plan Investment Board and Goldman Sachs Group Inc that will transfer five remaining portfolio companies into a newly capitalized vehicle, according to three people with knowledge of the deal.

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CPPIB Takes Stake in Gassled Joint Venture

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.

Yahoo Sale Process Heats Up as TPG, Other PE Firms Sign NDAs

(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 […]

What, Goldman Woori? GS Jumps in With a Bid

(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 […]

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