CPP Investment Board

Fengate welcomes Jennifer Pereira as Managing Director, Private Equity

Retrieved on: 
Wednesday, July 5, 2023
Boston Consulting Group, CPP Investment Board, Private equity, University, Investment, Engineering, Health, Business, Fengate, Peterborough, MBA, Boston, UKG, Wharton School of the University of Pennsylvania, CPP, Merlin Entertainments, Wellness, Financial adviser, Financial services, Management

TORONTO and OAKVILLE, Ontario, July 05, 2023 (GLOBE NEWSWIRE) -- Fengate Asset Management (Fengate) is pleased to announce Jennifer Pereira has joined the firm as Managing Director, Private Equity.

Key Points: 
  • TORONTO and OAKVILLE, Ontario, July 05, 2023 (GLOBE NEWSWIRE) -- Fengate Asset Management (Fengate) is pleased to announce Jennifer Pereira has joined the firm as Managing Director, Private Equity.
  • Prior to joining Fengate, Jennifer was with CPP Investments for almost 12 years, most recently acting as Managing Director, Private Equity, leading coverage in the consumer sector.
  • “We are delighted to welcome Jennifer as a valuable addition to our team,” said Justin Catalano, Group Head and Managing Director of Fengate Private Equity.
  • Jennifer’s dedication to excellence aligns perfectly with our commitment to delivering exceptional value to our partners and investors.”
    “I am excited to join Fengate’s team of talented professionals,” said Jennifer Pereira, Managing Director, Fengate Private Equity.

Cairn Homes Plc: H1 2023 Trading Update

Retrieved on: 
Tuesday, July 4, 2023
Housing, Irish government response to the COVID-19 pandemic, Policy, Government, Cairn, Share repurchase, Biodiversity, CPP Investment Board, Euronext Dublin, Social affordance, Help, Update, Growth, Social, Greater Dublin Area, Listed buildings in England, Real estate, Clothing, Security (finance)

Dublin / London, 4 July 2023: Cairn Homes plc (“Cairn”, “the Company” or “the Group”) (Euronext Dublin: C5H / LSE: CRN) today issues a Trading Update for the six months ended 30 June 2023 in advance of interim results to be announced on 7 September 2023.

Key Points: 
  • Dublin / London, 4 July 2023: Cairn Homes plc (“Cairn”, “the Company” or “the Group”) (Euronext Dublin: C5H / LSE: CRN) today issues a Trading Update for the six months ended 30 June 2023 in advance of interim results to be announced on 7 September 2023.
  • Current closed and forward sales pipeline has grown by in excess of 300 new homes since our last update on 11 May 2023 to 2,230 new homes with a net sales value of over €800 million, strong evidence of this demand dynamic.
  • The Irish Government is forecasting a general budget surplus of €10 billion this year and a cumulative 2023 – 2026 surplus of over €65 billion (source: Stability Programme Update, April 2023).
  • Cairn Homes plc (“Cairn”) is an Irish homebuilder committed to building high-quality, competitively priced, sustainable new homes and communities in great locations.

SAP Completes Sale of Its Stake in Qualtrics as Silver Lake and CPP Investments Complete Qualtrics Acquisition

Retrieved on: 
Wednesday, June 28, 2023
Silver, Qualtrics, Acquisition, SAP, NYSE, CPP Investment Board, CPPIB, SAP SE, Security (finance), Maple syrup

WALLDORF, Germany, June 28, 2023 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced that Silver Lake Management, the global leader in technology investing, and its co-investors along with the Canada Pension Plan Investment Board (CPPIB), have completed the acquisition of all the issued and outstanding shares of Qualtrics, including all shares owned by SAP, at a purchase price of US$18.15 in cash per share.

Key Points: 
  • WALLDORF, Germany, June 28, 2023 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced that Silver Lake Management, the global leader in technology investing, and its co-investors along with the Canada Pension Plan Investment Board (CPPIB), have completed the acquisition of all the issued and outstanding shares of Qualtrics, including all shares owned by SAP, at a purchase price of US$18.15 in cash per share.
  • SAP will remain a close go-to-market and technology partner to Qualtrics, servicing joint customers and continuing to contribute to their success.

Silver Lake and CPP Investments Complete Acquisition of Qualtrics

Retrieved on: 
Wednesday, June 28, 2023
Professional Services, Data Management, Technology, Software, Finance, Artificial Intelligence, Internet, MSD, CPP Investment Board, Partnership, BDT, Experience management, Investment, DFO, Morgan Stanley, SAP, Latham & Watkins, Silver, Organization, Simpson Thacher & Bartlett, XM, Acquisition, CPP, Accel, Family, Management, Financial adviser, Qualtrics

Qualtrics, the leader and creator of the experience management (XM) software category, today announced the completion of its acquisition by Silver Lake, the global leader in technology investing, in partnership with Canada Pension Plan Investment Board (CPP Investments).

Key Points: 
  • Qualtrics, the leader and creator of the experience management (XM) software category, today announced the completion of its acquisition by Silver Lake, the global leader in technology investing, in partnership with Canada Pension Plan Investment Board (CPP Investments).
  • Silver Lake and its co-investors, together with CPP Investments, have acquired 100% of the outstanding shares in Qualtrics that Silver Lake does not already own, including the entirety of SAP’s majority ownership interest.
  • With the completion of the transaction, Qualtrics stockholders, including SAP, are entitled to receive $18.15 in cash for each share of Qualtrics common stock they owned.
  • J.P. Morgan acted as financial advisor and Latham & Watkins LLP and Simpson Thacher & Bartlett LLP acted as legal advisors, with regard to the transaction and to the debt financing, respectively, to Silver Lake and CPP Investments.

BDT & MSD Partners Invests in Qualtrics Alongside Silver Lake

Retrieved on: 
Wednesday, June 28, 2023
Professional Services, Technology, Software, Finance, Asset Management, Consulting, Banking, MSD, CPP Investment Board, Partnership, BDT, Investment, Silver, XM, Acquisition, Growth, AI, Family, Cryptocurrency, Management, Qualtrics

Silver Lake, the global leader in technology investing, and BDT & MSD Partners, a merchant bank built to serve the distinct needs of business owners and strategic, long-term investors, today announced that BDT & MSD Partners' affiliated funds have made a co-investment alongside Silver Lake in Qualtrics, the leader and pioneer of the experience management (XM) software category.

Key Points: 
  • Silver Lake, the global leader in technology investing, and BDT & MSD Partners, a merchant bank built to serve the distinct needs of business owners and strategic, long-term investors, today announced that BDT & MSD Partners' affiliated funds have made a co-investment alongside Silver Lake in Qualtrics, the leader and pioneer of the experience management (XM) software category.
  • BDT & MSD Partners and DFO Management, the family investment office of Michael Dell, have each invested $250 million for a combined co-investment of $500 million.
  • As part of the transaction, Gregg Lemkau, Co-Chief Executive Officer of BDT & MSD Partners, will join the Board of Directors of Qualtrics.
  • “We are excited to bring the BDT & MSD Partners team and network into this landmark investment with us and CPP Investments,” said Egon Durban, Co-CEO of Silver Lake.

Accel Invests in Qualtrics Alongside Silver Lake and CPP Investments

Retrieved on: 
Wednesday, June 28, 2023
Technology, Finance, Consulting, Marketing, Communications, Professional Services, Software, Internet, Data Management, Asset Management, CPP Investment Board, IPO, Partnership, Experience management, Investment, SAP, History, Silver, XM, CPP, Acquisition, Growth, Security (finance), Qualtrics, Accel

Accel, a global venture capital firm, and Silver Lake, the global leader in technology investing, today announced that Accel has made a $500 million investment alongside Silver Lake and Canada Pension Plan Investment Board (CPP Investments) in the previously announced $12.5 billion acquisition of Qualtrics, the leader and pioneer of the Experience Management (XM) software category.

Key Points: 
  • Accel, a global venture capital firm, and Silver Lake, the global leader in technology investing, today announced that Accel has made a $500 million investment alongside Silver Lake and Canada Pension Plan Investment Board (CPP Investments) in the previously announced $12.5 billion acquisition of Qualtrics, the leader and pioneer of the Experience Management (XM) software category.
  • And that’s the role Ryan Sweeney and Accel have played for Qualtrics – supporting our incredible growth and success over the past decade,” said Ryan Smith, Qualtrics Founder and Executive Chairman.
  • “We deeply value our longstanding relationship with Ryan, Zig and Qualtrics as one of their first institutional investors,” said Ryan Sweeney, Partner at Accel.
  • “We are thrilled and honored to have Accel join us and CPP Investments as investors in Qualtrics,” said Egon Durban, Co-CEO of Silver Lake.

Study reveals 60% of Canadians unfamiliar with private investments, despite Canada’s pension funds among largest global players

Retrieved on: 
Tuesday, June 27, 2023
Housing, Face, Public Sector Pension Investment Board, IPSOS, Family, CPP Investment Board, Financial adviser, Pension fund, Harbourfront

According to a recent study, a stark majority of Canadians are unfamiliar with private investments, despite Canada’s large institutional involvement and track record of successii in the space.

Key Points: 
  • According to a recent study, a stark majority of Canadians are unfamiliar with private investments, despite Canada’s large institutional involvement and track record of successii in the space.
  • Findings from a new study of the Canadian population reveals that 60% of Canadians are not very familiar or not at all familiar with private investments.
  • More common with institutional investors like pension funds, private investments may include private lending, private equity such as investing capital into companies that are not publicly traded, and private real estate such as student housing, seniors living facilities, and infrastructure.
  • “Pension and endowment funds have been investing in private securities for decades,” says Danny Popescu, Chief Executive Officer of Harbourfront.

SEED Therapeutics, BeyondSpring Subsidiary, Appoints Jackson Tai to Board of Directors

Retrieved on: 
Tuesday, June 20, 2023
HSBC, Bachelor, J. P. Morgan, Vice, Bachelor of Science, Capital market, Harvard University, Vulnerability and Risk Committee, Metropolitan, Audit committee, Risk management, NYSE Euronext, Metropolitan Opera, TPD, Council, SEED, Eli Lilly, Senior officer, Business administration, WuXi Biologics, Singapore Airlines, Philips, Rensselaer Polytechnic Institute, Hong Kong Exchanges and Clearing, Engineering, Bank, Harvard Business School, Foreign policy, Management, How I Braved Anu Aunty and Co-Founded a Million Dollar Company, Bank of China, DBS Bank, Entrepreneurship, Therapy, CPP Investment Board, Master of Business Administration, Pharmaceutical industry, Mastercard

NEW YORK, June 20, 2023 (GLOBE NEWSWIRE) -- SEED Therapeutics (the “Company”), a BeyondSpring (NASDAQ: BYSI) subsidiary and global research company focused on harnessing and engineering “molecular glues,” a targeted protein degradation (TPD) platform to attack previously believed undruggable targets, today announced that it has appointed Jackson Tai to its Board of Directors. Mr. Tai has most recently retired, or will soon retire, as a Non-Executive Director of Eli Lilly (after 10 years), HSBC (after 7 years), and Mastercard (after 15 years). He brings almost 50 years’ experience in finance, strategy, and risk governance to the SEED Therapeutics Board.

Key Points: 
  • He brings almost 50 years’ experience in finance, strategy, and risk governance to the SEED Therapeutics Board.
  • He continues to serve as Board Member for Hong Kong Exchange listed Wuxi Biologics (where he is Chairman of the Audit Committee).
  • “It is a privilege to join the SEED Therapeutics Board and to work alongside our Co-Founding scientists and visionaries who are recognized pioneers in the field of Targeted Protein Degradation,” said Mr. Tai.
  • It’s truly exciting to see Management, the Board, and Co-Founders to be so obsessed with SEED Therapeutics’ opportunity to be First to Market and Best in Class.”

BCI Signs Agreement in Support of Proposed Merger Between Viterra and Bunge

Retrieved on: 
Tuesday, June 13, 2023
BCI, Fats, Glencore, Agriculture, Climate change, Crown corporations of Canada, Bunge Limited, Food security, NYSE, CPP Investment Board, Bunge, Viterra

Victoria, CANADA, June 13, 2023 (GLOBE NEWSWIRE) -- British Columbia Investment Management Corporation (BCI) announced today it has signed a definitive agreement in support of the proposed merger between Viterra Limited (Viterra) and Bunge Limited (NYSE:BG) (Bunge), an agriculture, commodities, and food company.

Key Points: 
  • Victoria, CANADA, June 13, 2023 (GLOBE NEWSWIRE) -- British Columbia Investment Management Corporation (BCI) announced today it has signed a definitive agreement in support of the proposed merger between Viterra Limited (Viterra) and Bunge Limited (NYSE:BG) (Bunge), an agriculture, commodities, and food company.
  • BCI owns 10 per cent of Viterra and will exchange its ownership for a minority stake in the combined entity and cash upon the close of the transaction.
  • Viterra is a leading, global agriculture network, which connects producers to consumers with sustainable, traceable, and quality-controlled agricultural products.
  • Bunge is a leader in oilseed processing and a significant global producer and supplier of plant-based oils and fats.

Bunge and Viterra to Combine to Create a Premier Diversified Global Agribusiness Solutions Company

Retrieved on: 
Tuesday, June 13, 2023
Retail, Logistics, Supply Chain Management, Transport, Agriculture, Natural Resources, Food, Beverage, Other Transport, Acceleration, Workforce, LSE, CPP Investment Board, GLEN, Repurchase agreement, Investment, Glencore, Farmer, BofA Securities, Multimedia, Latham & Watkins, Carbon, Shareholders' agreement, Grain, Gentlemen's agreement, Organization, Share repurchase, Limited, CPP, Crown corporations of Canada, Risk, Bunge Limited, Growth, EPS, Sumitomo Mitsui Banking Corporation, Food security, Environment, Demand, NYSE, Bank, Security (finance), Renewable energy, Management, Cryptocurrency, Bunge, Viterra

The merger of Bunge and Viterra will create an innovative global agribusiness company well positioned to meet the demands of increasingly complex markets and better serve farmers and end-customers.

Key Points: 
  • The merger of Bunge and Viterra will create an innovative global agribusiness company well positioned to meet the demands of increasingly complex markets and better serve farmers and end-customers.
  • As part of the transaction, Bunge will assume $9.8 billion of Viterra debt, which is associated with approximately $9.0 billion of highly-liquid Readily Marketable Inventories.
  • In addition, Bunge plans to repurchase $2.0 billion of Bunge’s stock (the “Repurchase Plan”) to enhance accretion to adjusted EPS.
  • Viterra Chief Executive Officer David Mattiske will join the Bunge Executive Leadership Team in the role of Co-Chief Operating Officer.