153 Views

CPPIB announces two appointments and a departure

Canada Pension Plan Investment Board has promoted Mark Jenkins to senior managing director and global head of private investments. Previously, Jenkins was managing director, head of principal investments. Also, CPPIB has named Pierre Lavallée as senior managing director and global head of investment partnerships. Lavallée will remain in his current position as senior managing director and chief talent officer until a replacement is found. These two appointments are effective immediately. And, André Bourbonnais, who most recently served as senior managing director and global head of private investments, will be leaving CPPIP to become CEO at the Montreal-based Public Sector Pension Investment Board, effective March 30, 2015.

168 Views

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.

135 Views

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 […]

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