Banco Santander, OTPP and PSP Investments launch Cubico Sustainable

Banco Santander S.A., Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board said Thursday the have launched Cubico Sustainable Investments. London-based Cubico will manage and invest in renewable energy and water infrastructure assets globally. Santander is transferring 19 wind, solar and water infrastructure assets to the firm, which will be equally owned by the three investors.


Ontario Teachers’ Pension Plan takes majority stake in Shearer’s Snacks

The Ontario Teachers’ Pension Plan said Thursday it acquired an additional equity sake in Shearer’s Snacks. The seller was Wind Point Partners. Financial terms weren’t announced. Teachers’ acquired its initial stake in Shearer’s in 2012 and now holds a majority stake. Massillon, Ohio-based Shearer’s is a contract manufacturer and private label supplier of snacks in North America.


Ontario Teachers’, PSP to partner with Banco Santander on renewables deal

Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board are partnering with Banco Santander to acquire a portfolio of renewable energy and water infrastructure assets owned by the bank. The portfolio will be transferred to a new company owned equally by all three parties. The deal values the portfolio of assets at more than $2 billion. The portfolio will be managed by a team led by Marcos Sebares.


PE-owned 24 Hour Total Fitness acquires 32 Bally clubs

24 Hour Fitness, which is owned by AEA Investors, Ontario Teachers’ Pension Plan and Fitness Capital Partners, has bought 32 fitness clubs from health club chain Bally Total Fitness. No financial terms were disclosed for the deal.

Taylor named MD for Ontario Teachers’ EMEA

The Ontario Teachers’ Pension Plan said Tuesday that Jo Taylor was appointed Managing Director for Europe, Middle East and Africa (EMEA) and head of the London office. Taylor will be responsible for Teachers’ Private Capital and private equity investments in the region.

PE-backed Q9 Networks appoints new president and CEO

Toronto-based Q9 Networks, a provider of outsourced data center infrastructure, has hired Karen Sheriff as president and CEO. The appointment becomes effective January 5, 2015. Sheriff is the former president and CEO of Bell Aliant. Q9 Networks is owned by an investor group that includes Ontario Teachers’ Pension Plan, Providence Equity Partners and Madison Dearborn Partners.


Caledon taps Dowd as a partner

Toronto-based Caledon Capital Management has recruited Stephen Dowd as a partner. Previously, Dowd worked at Ontario Teachers’ Pension Plan where he served as senior vice president.


ABRY Partners to sell Xand to TierPoint

TierPoint has agreed to buy Xand from ABRY Partners. Financial terms weren’t announced. Ontario Teachers’ Pension Plan is also investing. Xand provides colocation, cloud, disaster recovery, and managed services with six data centers in New York, Pennsylvania, Connecticut, and Massachusetts. RBC Capital Markets and Credit Suisse are providing debt financing. DH Capital provided financial advice to ABRY/Xand.

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