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Advent to buy Ryan Reynolds-backed fintech Nuvei in $6.3 bn deal

Private Equity Insights

Existing shareholders – Fayer, private equity firm Novacap and Canadian pension fund CDPQ – are expected to indirectly own or control about 24%, 18% and 12%, respectively, of the equity in the private company after the deal closes. bn deal appeared first on Private Equity Insights. in a deal that.

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

Pension Pulse

utility Allete said on Monday that it had agreed a deal with investment firms Global Infrastructure Partners and CPP Investments to be taken private at a US$6.2-billion 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.

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Will OMERS and BCI Drown Along With Thames Water?

Pension Pulse

The company is still in talks with its shareholders about raising as much as £1 billion in fresh funds following a £500 million injection agreed last year. Its largest shareholder is Canadian pension fund Ontario Municipal Employees Retirement System (Omers), which holds a nearly 32 per cent stake.

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This Week in Pensions & Investments: 20-10-2023

Pension Pulse

The statement, sent exclusively to the National Post , marks the first time Poilievre has explicitly addressed the issue of Alberta’s proposal to withdraw from the Canada Pension Plan (CPP) and set up its own pension fund. in a joint transaction with private investment firm Searchlight Capital Partners.

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The Blackstone Bombshell That Just Shook PE Industry

Pension Pulse

And while this is a PR disaster for Blackstone, I'm glad it was exposed because if it can happen at Blackstone -- arguably the biggest and most coveted alternative investments firm in the world -- it can happen anywhere. No pension fund wants to invest in private companies that abuse immigrant children.

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CDPQ's Head of PE on Vintage Year Diversification and Managing Liquidity

Pension Pulse

The shift required “a change of philosophy” for investment staff on the PE team, Longchamps adds. These professionals had been trained to spot top private companies and PE funds, rather than to sell their investments. Private equity is the asset class that takes the most risk at a pension fund.

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How CDPQ Used the Secondaries Market to Address Overallocation

Pension Pulse

The shift required “a change of philosophy” for investment staff on the PE team, Longchamps adds. These professionals had been trained to spot top private companies and PE funds, rather than to sell their investments. and business consulting company CGI Inc. Couche-Tard will pay $80.50