Carbon Engineering secures $91 mln financing to expand: Reuters

Canada’s Carbon Engineering has exceeded its financing target which will enable it to deploy its first commercial operation to remove carbon dioxide directly from the air, Reuters reported. The company closed an equity financing round of US$68 million ($91 million), the largest private investment made into a direct air capture company to date. Investors in the technology now include U.S. billionaire philanthropist Bill Gates, Canadian billionaire Murray Edwards, Peter Thomson‘s Thomvest Asset Management, coking coal producer BHP, Chevron Technology Ventures, Occidental Petroleum Corp‘s Oxy Low Carbon Ventures as well as others.


CPPIB, Ontario Teachers’ join $3.3 bln offer for Inmarsat: Reuters

Inmarsat Plc has received a cash takeover offer from a private equity-led consortium, a deal that would value the British satellite company at about US$3.3 billion and take it private, Reuters reported. The consortium, which includes U.K.-based Apax Partners, U.S.-based Warburg Pincus and Canada Pension Plan Investment Board (CPPIB), offered US$7.21 per share on January 31 and the proposal remains under discussion, Inmarsat said. Ontario Teachers’ Pension Plan Board would also be supporting the proposal as part of the consortium. The group is required to make a formal offer by April 16, the FTSE 250 company said.


Australian regulator OKs Brookfield’s takeover of Healthscope: Reuters

Australia’s Healthscope Ltd said this week the Foreign Investment Review Board had approved Canadian alternative investment firm Brookfield Asset Management’s takeover offer for the hospital operator along with associated property transactions, Reuters reported. After months of negotiations and counter bids from a rival consortium, Healthscope said last month it had entered a scheme of arrangement with Brookfield for a A$4.35 billion ($4.12 billion) takeover. The company’s shareholders will vote on the proposed offer at the scheme meeting expected in May or June.

CPPIB, Williams form $3.8 bln midstream partnership: Reuters

U.S. energy infrastructure company Williams Cos Inc and Canada’s largest pension fund manager said they would form a US$3.8 billion joint venture that will hold pipeline assets in the Marcellus and Utica shale basins, the biggest gas producing region in the United States, Reuters reported. The assets include Williams’ 100 percent owned Ohio Valley Midstream system in the Marcellus shale basin and the Utica East Ohio Midstream system. Canada Pension Plan Investment Board will invest about US$1.34 billion for a 35 percent stake in the venture. Williams will hold the rest and operate the combined business.

India’s Hotel Leela Venture to sell assets to Brookfield: Reuters

India’s Hotel Leela Venture Ltd will sell four of its hotels and a property to a fund sponsored by Canada’s Brookfield Asset Management for 39.50 billion rupees (US$576.41 million), as part of its restructuring, Reuters reported, citing a statement. The company will sell four Leela hotels at Bengaluru, Chennai, Delhi and Udaipur and its property in Agra to Brookfield. The proceeds of the deal, which will also see the company’s owners transfer the “Leela” brand to Brookfield for all hospitality businesses, will be used to repay existing lenders of the company, Hotel Leela Venture said.