156 Views

TDR Capital to sell Lowell Group to Permira

Permira has agreed to buy UK-based Lowell Group, a provider of credit management solutions. The seller is TDR Capital. No financial terms were disclosed. As a result of the deal, Permira will merge Lowell Group with GFKL, a Germany-based provider of receivables management services. Also, Ontario Teachers’ Pension Plan and Lowell management will remain shareholders.

192 Views

Ontario Teachers’ to sell majority stake in Alliance to BDT

BDT Capital Partners LLC has agreed to acquire a majority stake in Alliance Laundry Systems from Ontario Teachers’ Pension Plan. No financial terms were disclosed. After the deal closes, Ontario Teachers’ will retain a minority stake in Alliance. Morgan Stanley & Co. LLC, BMO Capital Markets Corp. and Bank of America N.A. provided financial advice to Alliance on the transaction. Alliance is a maker of commercial laundry equipment.

128 Views

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.

213 Views

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.

149 Views

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.

364 Views

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.

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