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Category: Canada

Canadian pension giant OTPP to lose veteran CFO David McGraw after 16 years

Veteran Ontario Teachers' Pension Plan CFO David McGraw is retiring after 16 years with the pension fund.

CPPIB reveals over $590m of new private equity commitments as overall returns remain truncated

The $431bn-managing Canada Pension Plan Investment Board is the latest major institutional investor to see its quarterly returns stutter amid the coronavirus pandemic.

Novacap buys into online motorcycle powersports equipment, clothing seller FortNine

Canadian private equity house Novacap has bought a stake in motorbike, ATV and snowmobile online gear, parts and accessories seller platform FortNine.

Torstar gets the green light to acquire Nordstar Capital

Torstar Corporation has announced that the Ontario Superior Court of Justice has approved its plan to acquire private equity firm NordStar Capital LP. Through the deal, Torstar will become the owner of all NordStar’s issued

Temasek, Credit Suisse veteran Boon Sim joins CPPIB board of directors

The $409bn-managing Canada Pension Plan Investment Board has named former Temasek and Credit Suisse senior exec Boon Sim to its board of directors.

Carlyle said to eye $2bn for new mid-market North America fund amid strategy tweak

Carlyle is reportedly eyeing up to $2bn for a new fund dedicated to mid-market North American private equity deals amid a tweak in its growth investing strategy.

PPE, infection control product business Medicom gets CDPQ capital for Asian expansion

PPE and infection control specialist Medicom has picked up a loan from existing investor CDPQ to help expand the business into Asia.

TPG takeover of Covid-ravaged Cirque du Soleil looks dead amid impending creditor deal – report

Private equity plans to take over world-famous Cirque du Soleil on the cheap after coronavirus pushed it into bankruptcy protection have been scuppered by creditors, who are reportedly set to agree a recapitalisation of the

PE hopes of cheap deal for ailing Cirque du Soleil challenged by rival bid from creditors

Private equity hopes of taking control of the world-famous Cirque du Soleil on the cheap after coronavirus pushed it into bankruptcy protection appear over, with creditors nearing an agreement for their own bid.

PE-backed Cirque du Soleil files for bankruptcy protection, cuts 3,500 jobs as Covid-19 lays business low

The coronavirus crisis has pushed the world-famous Cirque du Soleil into bankruptcy protection, with the private equity-backed business set to slash 3,500 jobs.

CDQP reinvests in architecture, design house Lemay

Canadian pension giant Caisse de dépôt et placement du Québec has reinvested in architecture and design house Lemay in the form of an $8.7m loan.

Eagle Merchant Partners picks up stake in coding programs for kids platform Code Ninjas

Atlanta-based private equity firm Eagle Merchant Partners has acquired a stake in coding for kids platform Code Ninjas.

Ex-CPPIB president Wiseman resurfaces at AIMCo, six months after BlackRock sacking over undisclosed relationship

Former CPPIB president and CEO Mark Wiseman has resurfaced at AIMCo, six months after being sacked by BlackRock for having an undisclosed relationship with a co-worker.

Onex Corporation taps Fund V to increase stake in Emerald

Onex Corporation has tapped its $7.2bn Fund V to participate in a $400m preferred equity sale of Emerald Holding, a business-to-business trade show operator.

Canada’s biggest rural broadband company Xplornet bought by Stonepeak, deal believed to be about $2bn

Canada's largest rural-focused broadband service provider Xplornet has been bought by Stonepeak Infrastructure Partners in a deal previously said to be worth about $2bn.

InstarAGF scores hefty fund size increase with $1.2bn Fund II final close

Infrastructure investment specialist InstarAGF has hauled in $1.2bn for the final close of its second fund, beating its initial target.

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