“Stago is a recognized leader in blood coagulation analysis, operating in a segment we know well, and serving a mission-critical role in medical diagnostics,” said Martin Longchamps, executive vice-president and head of private equity and private credit at the Caisse, in the release. “Our investment alongside Archimed reflects the value we place on partnerships and businesses with strong fundamentals.”
A U.S.-based information technology firm backed by the private equity arm of the Ontario Municipal Employees Retirement System is acquiring an Australia-based IT company.
Integris’ acquisition of First Focus will extend the company’s geographic footprint and strengthen its ability to bring enterprise-grade technology to small- and medium-sized employer clients with growing global and cross‑border technology needs, according to a press release. Details of the transaction weren’t disclosed.
In other news, a U.S.-based offshore wind energy project backed by CPP Investments is one of two firms agreeing to end its lease in exchange for reimbursement from the U.S. federal government, valued at nearly US$900 million.
A report by the Canadian Press noted the deals come after the administration’s efforts to block offshore wind have been thwarted by the courts. A federal judge vacated President Donald Trump’s executive order blocking wind energy projects in December, declaring it unlawful as she sided with state attorneys general from 17 states and Washington, D.C., who challenged the order. Two weeks later, the administration ordered that construction stop on five major East Coast offshore wind projects, citing national security concerns.
Developers and states sued, and federal judges allowed all five to resume construction, essentially concluding that the government didn’t show that the national security risk was so imminent that construction must halt.
Read: CPP Investments acquiring data centre company, signs MOU with Alberta energy firm
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