“By becoming sole owner, the Caisse strengthens its position in a Quebec asset it knows well, while gaining greater flexibility in its management,” said Emmanuel Jaclot, executive vice-president and head of infrastructure and sustainability at the Caisse, in a press release.
Read: Caisse invests in U.S. fibre optics firm, Brazil-based power transmission platform
In other news, the late-stage venture and growth investment arm of the Ontario Teachers’ Pension Plan is participating in a Series C extension deal, which values information technology company NinjaOne at US$12.3 billion. The extensions are worth more than $400 million. The firm is leveraging artificial intelligence and plans to increase the automation process in its workplace tasks, according to a press release.
“We believe the company is well positioned to compound growth as demand for integrated IT platforms increases,” said Rick Prostko, senior managing director at the Teachers’ Venture Growth, in the release.
Read: Ontario Teachers’ reinvesting in wealth management advisor, BCI selling Louisiana electric utility
The real estate arm of the Ontario Municipal Employees’ Retirement System is acquiring 13 Spain-based logistics assets through a subsidiary engaging in two transactions.
The deals were completed on behalf of the European Supply Chain Investment Partnership, a joint venture between AustralianSuper and Oxford Properties Group, which is managed by M7 Real Estate. The financial details of the transactions weren’t disclosed.
The Public Sector Pension Investment Board and the Caisse are backing the acquisition of Echo Realty by TPG Real Estate through a transaction valued at nearly $2 billion. The deal also includes Norges Bank Investment. The new asset owns and operates retail centres in the U.S. and will now work with the investor group to scale its business, according to a press release.
“The transaction allows us to deploy capital at scale in a high-quality, established platform, backing a sector of strong conviction,” said Simon Marc, senior vice-president and global head of private equity and real estate investments at PSP Investments, in a statement.
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