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OTPP Unloads Premier Lotteries Ireland to French Operator

Pension Pulse

As part of the agreement, FDJ, which is the operator of the French National Lottery, will purchase the shares from Ontario Teachers' Pension Plan, An Post, and An Post Pension Fund. FDJ acquires the entire capital of this company for an enterprise value of 350 million euros.

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Transcript: Steven Klinsky

The Big Picture

KKR took a stock exchange company called who Houdaille, private, and it was the first time there’ve been — RITHOLTZ: ’79 or something like that? KLINSKY: In the private equity fund and strategic equity fund, it’s the big pension funds in the U.S. It’s the big Canadian asset plans.

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CPP Investments and GIP Taking ALLETE Private in US$6.2 Billion Deal

Pension Pulse

per share in cash representing an enterprise value of approximately $6.2 Upon completion of the acquisition, ALLETE’s shares will no longer trade on the New York Stock Exchange, and ALLETE will become a private company. billion, including ALLETE’s net debt. This represents a premium of approximately 19.1% Advisors J.P.

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OMERS Increases Stake in Indian Infra Trust; CPPIB Increases Commitment to Brazilian Water Firm

Pension Pulse

Razak Musah Baba of IPE Real Assets reports OMERS to buy Allianz’s stake in Indian road infrastructure trust: Canadian pension fund OMERS is buying Allianz Capital Partners’ 13.5% The transaction values 100% of the Roads Portfolio at an enterprise value of approximately INR 66,100 million.

Stakes 59
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CDPQ Acquires Innergex Renewable Energy For $C10 Billion

Pension Pulse

Nicolas Van Praet of the Globe and Mail reports pension giant Caisse strikes deal to acquire Innergex Renewable Energy: Canadian pension fund giant Caisse de dpt et placement du Qubec has struck a deal to buy Innergex Renewable Energy Inc. The offer values the equity of the Longueuil, Que.-based based company at about $2.8-billion.