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Canada Pension Plan Investment Board, one of the country's top pension fund managers, on Friday outlined two major investments in the world of professional motor racing. CPPIB, known for staid investments in infrastructure projects, shopping centres, private equity firms and the like, said it had stuck a deal to buy a big stake in motorcycle grand prix organiser Dorna and was also financing a large chunk of a loan to Formula One Group, Reuters wrote. The pension fund manager said it had signed an agreement to acquire a 39 percent stake in Dorna - organiser of MotoGP events and the FIM World Superbikes Championship - from private equity firm Bridgepoint.
DHX Media, a Halifax-based company involved in the production, distribution, and licensing of family friendly television and other media, announced this week that it has closed its acquisition of Cookie Jar Entertainment. Cookie Jar, formerly known as Cinar, is a Toronto-based producer and marketer of animated and live-action programming, and was acquired by TD Private Equity Partners and OMERS in 2004.
The Canada Pension Plan Investment Board said it has agreed to buy a large stake in motorcyle racing group Dorna from private equity firm Bridgepoint. CPPIB said on Friday it would take a 39 percent stake in the business that has the rights to organise MotoGP events for an undisclosed sum, Reuters reported.
Fondaction announces it has invested a total of $4 million in Groupe JLD Laguë since 2011, in conjunction with other investors. Groupe JLD Laguë has been created as a result of a merger between Groupe JLD and Équipements Laguë, and will be the largest distributor of John Deere farm equipment in the province of Québec.
The Canada Pension Plan Investment Board has acquired stakes in two Australian shopping centers through an equity investment of A$436 million (C$445 million) in AMP Capital Retail Trust. CPPIB's ownership interest in ACRT totals 37%.
Garda World Security Corporation, a security solutions and cash logistics firm is to be taken private. A consortium formed by Stephan Cretier, founder, chairman and CEO of Garda and a subsidiary of funds advised by Apax Partners will acquire each Class A share of Garda for C$12.00 in cash.
Onex Corp. has completed its $813 million acquisition of graphic services company SGS International. Onex Partners III invested $260 million, of which Onex' share was $66 million as a limited partner in the Fund. SGS is based in Louisville, Kentucky.
Logibec Groupe Informatique has acquired Artefact, a business unit of LGS Group Consulting Corporation, an IBM company. Artefact is a provider of clinical software solutions for healthcare organizations and is based in Quebec City, Canada. Financial terms were not disclosed.
Onex Corp. said Wednesday that it completed its $813 million buy of SGS International. Onex Partners III invested $260 million in the deal, while Onex' share, as an LP, was $66 million. Louisville, Kentucky-based SGS provides packaging graphic services to branded consumer products companies, retailers and the printers that service them.
Canadian mega-deals are back! Q9 Networks, the Montreal-based provider of outsourced data centre Canadian mega-deals are back! Q9 Networks Inc., the Montreal-based provider of outsourced data centre infrastructure, announced the final close of its acquisition by BCE, Teachers', Providence Equity Partners, and Madison Dearborn Partners for $1.1 billion. This is also a major sponsor-to-sponsor deal, as Q9 Networks was previously acquired by Boston-based ABRY Partners in August 2008 for approximately $361 million.
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