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.


Ontario Teachers’ Pension Plan invests in Pamplona-backed CSC ServiceWorks

Ontario Teachers’ Pension Plan has agreed to buy a minority stake in CSC ServiceWorks, which is backed by Pamplona Capital Management. No financial terms were disclosed. The transaction is expected to be completed in December. Morgan Stanley served as financial advisor to CSC and Pamplona on the deal. CSC is a provider of multi-family housing and commercial laundry services.


OTPP to buy Bridon in $587.5 mln deal

The Ontario Teachers’ Pension Plan said Saturday it agreed to buy Bridon Ltd. The deal is valued at £365 million (US $587.5 million). The seller is Melrose Industries. UK-based Bridon makes wire rope.


PE-backed INC Research files for IPO

INC Research has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. The company plans on listing the stock on the NASDAQ under the ticker symbol “INCR.” Goldman Sachs and Credit Suisse are the lead underwriters. Based in Raleigh, NC, INC Research is global contract research organization for the biopharmaceutical and medical device industry. Its backers include Avista Capital Partners and the Ontario Teachers’ Pension Plan.

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