Ontario Teachers' Pension Plan

EQS-News: SYNLAB delivers robust performance in FY 2023

Retrieved on: 
Wednesday, April 10, 2024
AOP, EV, COVID, Growth, Synnovis, Supervisory board, North, Environment, COVID-19 testing, FY, EPS, Cinven, COVID-19, Hospital, Sale, Acquisition, GBP, Ontario Teachers' Pension Plan, Novo Nordisk Foundation, Term loan, FX, Movement, State, Pharmaceutical industry

Synnovis, the South East London hospital outsourcing contract grew 12.2% in 2023 and contributed 0.6pts to the overall 2023 underlying organic growth.

Key Points: 
  • Synnovis, the South East London hospital outsourcing contract grew 12.2% in 2023 and contributed 0.6pts to the overall 2023 underlying organic growth.
  • FY 2023 adjusted EBITDA (AEBITDA) was €438 million (FY 2022: €753 million) while adjusted operating profit (AOP) was €194 million (FY 2022: €508 million) with margins of 16.6% (FY 2022: 23.2%) and 7.4% (FY 2022: 15.6%), respectively.
  • In FY 2023, adjusted net profit (Group share) was €44 million (FY 2022: €342 million), mainly due to lower COVID-19 testing volumes and higher net finance costs.
  • FY 2023 unlevered free cash flow (uFCF) was €74 million (FY 2022: €312 million).

Orion Resource Partners sells further minority stake in Sweetwater Royalties

Retrieved on: 
Monday, April 8, 2024
The Company, Growth, Environment, Ontario Teachers' Pension Plan, Land grant, Metal, Sale, Orion, Trona

NEW YORK, April 8, 2024 /PRNewswire/ -- Orion Resource Partners LP ("Orion"), a global investment firm specializing in metals and materials, today announces the sale of a minority interest in Sweetwater Royalties ("Sweetwater" or the "Company"), a private industrial minerals royalty company, to a Canadian pension fund. In this transaction Orion has sold an 8% stake in Sweetwater for approximately $100 million, implying a ~$1.9 billion enterprise value for 100% of Sweetwater Royalties. Orion will retain a 67% majority ownership share in the asset, having sold a 25% stake to Ontario Teachers' Pension Plan in March last year for approximately $220 million.

Key Points: 
  • NEW YORK, April 8, 2024 /PRNewswire/ -- Orion Resource Partners LP ("Orion"), a global investment firm specializing in metals and materials, today announces the sale of a minority interest in Sweetwater Royalties ("Sweetwater" or the "Company"), a private industrial minerals royalty company, to a Canadian pension fund.
  • In this transaction Orion has sold an 8% stake in Sweetwater for approximately $100 million, implying a ~$1.9 billion enterprise value for 100% of Sweetwater Royalties.
  • Orion will retain a 67% majority ownership share in the asset, having sold a 25% stake to Ontario Teachers' Pension Plan in March last year for approximately $220 million.
  • Oskar Lewnowski, Founder and Chief Executive Officer of Orion Resource Partners LP said: "This is an outstanding investment for Orion.

Allonnia Launches Mining Advisory Board to Support Development and Integration of Biological Solutions for the Mining Industry

Retrieved on: 
Thursday, March 14, 2024
Recycling, Health, Mining, Minerals, Environment, Sustainability, Natural Resources, Biotechnology, Exploration, Ontario Teachers' Pension Plan, Thiokol, Risk, BHP, Copper, Research, Key Tronic, Engineering, Metallurgy, Mineral, Society, Newmont, Nickel, Senior advisor, Rio Tinto, Lithium, International Finance Corporation, World Bank, Teaching

Allonnia , the bio-ingenuity company dedicated to extracting value where others see waste, today announced the establishment of their Mining Advisory Board.

Key Points: 
  • Allonnia , the bio-ingenuity company dedicated to extracting value where others see waste, today announced the establishment of their Mining Advisory Board.
  • Consisting of mining industry experts from academia, mining majors, and private institutions, the Board will support Allonnia with developing and delivering transformational biological solutions tailored to the mining industry.
  • “The mining industry is at a critical inflection point, and biotechnology offers a range of new solutions,” said Chuck Price, Chief Commercial Officer of Allonnia.
  • “This Mining Advisory Board brings together some of the most experienced minds in mining to collaborate on new approaches for the industry’s most pressing challenges.

GFL Environmental Inc. Announces Closing of Secondary Offering by Selling Shareholders

Retrieved on: 
Tuesday, March 5, 2024
The Company, Ontario Teachers' Pension Plan, TSX, RBC Capital Markets, HPS, Cayman, GFL

VAUGHAN, ON, March 5, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced the closing of the previously announced secondary offering (the "Offering") by BCEC-GFL Borrower (Cayman) LP, Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP, Poole Private Capital, LLC and entities affiliated with HPS Investment Partners, LLC of an aggregate of 21,000,000 subordinate voting shares.

Key Points: 
  • VAUGHAN, ON, March 5, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced the closing of the previously announced secondary offering (the "Offering") by BCEC-GFL Borrower (Cayman) LP, Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP, Poole Private Capital, LLC and entities affiliated with HPS Investment Partners, LLC of an aggregate of 21,000,000 subordinate voting shares.
  • RBC Capital Markets, LLC and RBC Dominion Securities Inc. acted as underwriters for the Offering in the United States and Canada, respectively.

GFL Environmental Inc. Announces Upsize and Pricing of Secondary Offering by Selling Shareholders

Retrieved on: 
Thursday, February 29, 2024
The Company, Attention, Prospectus, Ontario Teachers' Pension Plan, News, TSX, RBC Capital Markets, Telephone, EDGAR, Sale, Floor, HPS, Equity capital markets, Form, Communication, Cayman, GFL, Vesey Street, Offering, Security (finance)

VAUGHAN, ON, Feb. 29, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced the pricing of the previously announced secondary offering (the "Offering") by BCEC-GFL Borrower (Cayman) LP, Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP, Poole Private Capital, LLC and entities affiliated with HPS Investment Partners, LLC (collectively, the "Selling Shareholders") of 21,000,000 subordinate voting shares (the "Shares"), which represents an increase of 4,000,000 Shares from the previously announced offering size, at the public offering price of US$34.45 per Share.

Key Points: 
  • VAUGHAN, ON, Feb. 29, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced the pricing of the previously announced secondary offering (the "Offering") by BCEC-GFL Borrower (Cayman) LP, Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP, Poole Private Capital, LLC and entities affiliated with HPS Investment Partners, LLC (collectively, the "Selling Shareholders") of 21,000,000 subordinate voting shares (the "Shares"), which represents an increase of 4,000,000 Shares from the previously announced offering size, at the public offering price of US$34.45 per Share.
  • GFL will not receive any proceeds from the Offering.
  • RBC Capital Markets, LLC and RBC Dominion Securities Inc. will act as underwriters for the Offering in the United States and Canada, respectively.
  • Prospective investors should read the Base Shelf Prospectus, the Prospectus Supplement, when available, and the documents incorporated by reference therein before investing in the Shares.

GFL Environmental Inc. Announces Secondary Offering of 17,000,000 Subordinate Voting Shares by Selling Shareholders

Retrieved on: 
Wednesday, February 28, 2024
The Company, Attention, Prospectus, Capital market, Ontario Teachers' Pension Plan, Telephone, News, TSX, RBC Capital Markets, EDGAR, Sale, Floor, BCEC, HPS, Equity capital markets, Form, Communication, Cayman, RBC, GFL, Vesey Street, Offering, Security (finance)

VAUGHAN, ON, Feb. 28, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that BCEC GFL Borrower (Cayman) LP, Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP, Poole Private Capital, LLC, and entities affiliated with HPS Investment Partners, LLC (collectively, the "Selling Shareholders") intend to offer for sale 17,000,000 subordinate voting shares (the "Shares").

Key Points: 
  • VAUGHAN, ON, Feb. 28, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that BCEC GFL Borrower (Cayman) LP, Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP, Poole Private Capital, LLC, and entities affiliated with HPS Investment Partners, LLC (collectively, the "Selling Shareholders") intend to offer for sale 17,000,000 subordinate voting shares (the "Shares").
  • GFL will not receive any proceeds from the sale of the Shares (the "Offering").
  • RBC Capital Markets, LLC and RBC Dominion Securities Inc. will act as underwriters for the Offering in the United States and Canada, respectively.
  • GFL has filed the Form F-10 registration statement (including a prospectus) with the SEC for the offering to which this communication relates.

Ontario Teachers' Announces Executive Appointments

Retrieved on: 
Friday, January 12, 2024
GIS, Capital market, Cadillac Fairview, Natural Resources, Commerce, University, Ontario Teachers' Pension Plan, Asset allocation, Real estate, McGill University, Fellow, Plan, Deutsche Bank, Mathematical finance, MBA, Public, Teacher, Columbia University, Master of Science, Capital, Infrastructure, Senior, Management

TORONTO, Jan. 12, 2024 /PRNewswire/ - Ontario Teachers' Pension Plan Board ("Ontario Teachers'") today announces the following appointments of three longstanding Investments leaders into new executive roles, effective immediately.

Key Points: 
  • TORONTO, Jan. 12, 2024 /PRNewswire/ - Ontario Teachers' Pension Plan Board ("Ontario Teachers'") today announces the following appointments of three longstanding Investments leaders into new executive roles, effective immediately.
  • Stephen joined Ontario Teachers' in 2003 and has held positions of increasing responsibility, most recently leading the Total Fund Management department.
  • They will all join the senior Executive Team," said Jo Taylor, President & CEO, Ontario Teachers'.
  • Nick Jansa, Executive Managing Director, has also been appointed to Ontario Teachers' Executive Team.

MaRS Discovery District Announces Alison Nankivell as its New CEO

Retrieved on: 
Wednesday, December 20, 2023
Momentum, Ontario Teachers' Pension Plan, ESG, Alison, Growth, Investment, EDC, BDC, Management

The Board of Directors is delighted to introduce Alison Nankivell as Chief Executive Officer (CEO), set to assume office in March 2024.

Key Points: 
  • The Board of Directors is delighted to introduce Alison Nankivell as Chief Executive Officer (CEO), set to assume office in March 2024.
  • "I am excited to lead MaRS Discovery District and work alongside our talented team to drive innovation, economic growth, and societal impact," said Alison Nankivell. "
  • "We are confident Alison and the team will usher in a new era of innovation and growth at MaRS Discovery District," remarked Claudette McGowan, Vice-Chair of the Board at MaRS, and leader of the CEO search committee.
  • The Board of Directors, along with the entire MaRS Discovery District community, is looking forward to a bright and prosperous future under the leadership of Alison Nankivell.

Ontario Teachers' appoints Pierre Cherki as Executive Managing Director, Real Estate

Retrieved on: 
Tuesday, December 5, 2023
Cadillac Fairview, DWS, Ontario Teachers' Pension Plan, History, Real estate, DWS Group, Tel Aviv University, Paulo, MBA, Growth, Economics, Pension fund, Management, Northwestern University

TORONTO, Dec. 5, 2023 /CNW/ - Ontario Teachers' Pension Plan (Ontario Teachers') is pleased to announce the appointment of Pierre Cherki as Executive Managing Director, Real Estate, effective January 22.

Key Points: 
  • TORONTO, Dec. 5, 2023 /CNW/ - Ontario Teachers' Pension Plan (Ontario Teachers') is pleased to announce the appointment of Pierre Cherki as Executive Managing Director, Real Estate, effective January 22.
  • In June 2023, Ontario Teachers' announced an evolution to its real estate investment model that will bring Cadillac Fairview's international investment professionals in-house, aligned with Ontario Teachers' other investment asset groups.
  • As Executive Managing Director, Real Estate, Mr. Cherki will oversee Ontario Teachers' global real estate investing and portfolio management activities and a team of almost 40 investment professionals located in Toronto, London, Singapore, Dallas, and São Paulo.
  • Ontario Teachers' real estate portfolio, inclusive of assets under Cadillac Fairview, is valued at $29.3 billion as at June 30, 2023.

Databricks Closes Series I Investment with Additional Participation from Strategic Partners

Retrieved on: 
Friday, November 10, 2023
Cloud, Data, CDO, Gen, Research, SAN, Ontario Teachers' Pension Plan, Engineering, Organization, Entrepreneurship, Qatar Investment Authority, Privacy, Investment, Morgan Stanley, TMT, Series, ClearBridge Investments, Franklin Templeton Investments, CapitalG, Partnership, Azure, QIA, Amazon Web Services, GIC, Microsoft Azure, AI, Microsoft, Google Cloud, AWS, AT&T, Tiger Global Management, Security (finance), Cryptocurrency, Sales, NVIDIA, Databricks

SAN FRANCISCO, Nov. 10, 2023 /PRNewswire/ -- Databricks, the Data and AI company, today announced additional closings of its recent Series I funding. Existing investors Amazon Web Services (AWS), CapitalG, and Microsoft, along with new investors AT&T Ventures, Qatar Investment Authority (QIA), and Sanabil Investments, participated in the funding round, which put the company at a $43B post-money valuation. The Series I funding will be used to accelerate the development of transformative AI technology, Gen AI research, and hiring AI data scientists and engineering talent.

Key Points: 
  • The Series I funding will be used to accelerate the development of transformative AI technology, Gen AI research, and hiring AI data scientists and engineering talent.
  • With our partners, we can accelerate the development of our platform and deliver business value faster for our customers."
  • This investment is aligned with QIA's investment approach to invest in forward-looking, tech-led companies, many of which are building AI seamlessly into their product and offerings.
  • We are pleased to be an investor in Databricks and look forward to a fruitful, long-term partnership as the company scales."