Ontario Teachers’ Pension Plan‘s Ron Mock, who is currently senior vice-president, fixed income and alternative investments, will succeed Jim Leech as president and CEO at the beginning of 2014. Mr. Leech, who joined Teachers in 2001 to lead the pension plan’s private equity investment arm Teachers’ Private Capital, will retire on December 31, 2013. Mr. Mock joined Teachers in 2001. His responsibilities have included being a board member of Cadillac Fairview, which manages Teachers’ $21 billion real estate portfolio.
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Ontario Teachers’ Pension Plan has completed its previously announced acquisition of SeaCube Container Leasing Ltd., a Park Ridge, New Jersey-based company that acquires, owns, manages and leases containers used in global containerized cargo trade. SeaCube shareholders received US$23.00 per share in cash, for a final total equity value of US$469.5 million and an enterprise value of US$1.8 billion.
Canadian pension fund Ontario Teachers’ Pension Plan has emerged as a final-round bidder for the fibre-optics business of Leighton Holdings Ltd, writes Reuters. The business could fetch as much as A$870 million ($908.15 million), writes Reuters.
Ontario Teachers’ Pension Plan and SeaCube Container Leasing, Ltd. have entered into an agreement by which Teachers’ will acquire 100 percent of the shares of SeaCube, a container leasing company based in Park Ridge, New Jersey. Under the terms of the agreement, which is expected to close in the first half of 2013, SeaCube shareholders will receive $23.00 in cash per SeaCube common share. Reuters estimates the transaction value to be US$467 million.
German investor Triton has sold Dematic, a supplier of systems that move goods around in warehouses, to two North American private equity groups, writes Reuters. AEA Investors and Teachers’ Private Capital, the private equity arm of Canadian pension fund Ontario Teachers’ Pension Plan, agreed to buy the German group for an undisclosed sum, writes Reuters.
Government of Singapore Investment Corp and Canada’s Ontario Teachers Pension Plan are among final bidders to buy stakes in South Korea’s unlisted Kyobo Life Insurance in deals worth up to $1.4 billion, writes Reuters. Daewoo International Corp and state-run Korea Asset Management Corp are offering about a one-third stake in the life insurance company in [...]
Goals Soccer Centres Plc, which runs 5-a-side football centers throughout the UK, said it had received a preliminary approach from Canada’s Ontario Teachers’ Pension Plan. Over the weekend, media reports emerged that the Ontario Teachers’ Pension Plan was in talks to buy the soccer center operator, which is currently valued at 52 million pounds ($83.08 [...]
In 2010, Thoma Bravo, Ontario Teachers’ put $280 mln equity into their buy of SonicWall. Today, Dell said it was acquiring SonicWall in a deal valued at $1.2 billion.
Thoma Bravo has closed its buy of Blue Coat Systems. A Thoma Bravo-led investor group paid $25.81 a share cash, or about $1.3 billion, for the provider of Web security and WAN optimization solutions. The deal was announced in December. Ontario Teachers’ Pension Plan, through its private investor department, was also an investor. Jefferies provided financing [...]
Trion Worlds has raised $85 million in a round of equity financing led by Ontario Teachers’ Pension Plan and joined by current Trion investor Bertelsmann Digital Media Investments. Games producer Trion will utilize the financing to grow its business. PRESS RELEASE TRION WORLDS CLOSES $85 MILLION STRATEGIC GROWTH FINANCING Led by Ontario Teachers’ Pension Plan [...]