Professional Services,
Residential Building & Real Estate,
Commercial Building & Real Estate,
Finance,
Construction & Property,
Banking,
CPP Investment Board,
Joint venture,
Growth,
Partnership,
Housing,
Investment,
Multimedia Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, and Canada Pension Plan Investment Board (“CPP Investments”), through subsidiaries of CPPIB Credit Investments Inc., today announced a $750 million strategic capital partnership.
Key Points:
- Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, and Canada Pension Plan Investment Board (“CPP Investments”), through subsidiaries of CPPIB Credit Investments Inc., today announced a $750 million strategic capital partnership.
- View the full release here: https://www.businesswire.com/news/home/20240319990631/en/
The partnership consists of a newly formed $500 million Asset Joint Venture and a $250 million corporate secured financing facility that CPP Investments is providing to Redwood.
- Together, CPP Investments and Redwood will contribute up to $500 million of equity to the Joint Venture, with an anticipated split of 80% from CPP Investments and 20% from Redwood.
- “We are thrilled to announce this strategic partnership with CPP Investments, whose experienced team sees the power of Redwood’s franchise and the financial assets we procure,” said Christopher Abate, Chief Executive Officer of Redwood.
Retrieved on:
Wednesday, February 7, 2024
Other Energy,
Environment,
Oil,
Gas,
Alternative Energy,
Green Technology,
Energy,
Climate Change,
Carbon,
Partnership,
California Resources Corporation,
CRC,
CPP,
Environmental issues,
Carbon dioxide,
G&A,
Direct air capture,
Philosophy,
CUPS,
Aera Energy,
Investment,
CCS,
CO2,
South Belridge Oil Field,
Sale,
MMT,
EPA,
DAC,
CPP Investment Board,
CTV,
Renewable energy California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction.
Key Points:
- California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction.
- The transaction values Aera at approximately $2.1 billion, inclusive of Aera’s net debt and certain other obligations1, and is expected to be immediately accretive.
- On behalf of CRC, we look forward to working with our new colleagues at Aera.
- The combined company will own interests in five of the largest oil fields in California with opportunities to increase oil recovery.
Retrieved on:
Thursday, January 18, 2024
DSM-IV codes,
Patient,
CPP,
Investment,
Cooley LLP,
CFA,
PALO,
Latham & Watkins,
Morgan Stanley,
Blue Owl Capital,
Cancer,
FDA,
CPP Investment Board,
Doctor of Philosophy,
CPPIB,
Pharmaceutical industry PALO ALTO, Calif., Jan. 18, 2024 (GLOBE NEWSWIRE) -- BridgeBio Pharma, Inc. (Nasdaq: BBIO) (BridgeBio or the Company), a commercial-stage biopharmaceutical company focused on genetic diseases and cancers, today announced strategic financing from Blue Owl Capital (Blue Owl) and Canada Pension Plan Investment Board (CPP Investments), through a wholly owned subsidiary (CPPIB Credit) of CPPIB Credit Investments Inc., bringing in capital of up to $1.25 billion.
Key Points:
- “Acoramidis has demonstrated an impressive and differentiated clinical profile, and we believe it will be an important advancement in the treatment of ATTR-CM.
- Further, BridgeBio’s promising pipeline of late-stage targeted rare disease therapies address critical unmet needs in these underserved populations.
- “Investments in leading therapies also help to diversify our capital allocations to income streams that are typically uncorrelated to the broader capital markets.”
Morgan Stanley & Co. LLC acted as sole structuring agent on the transactions.
- Latham & Watkins served as legal advisor to BridgeBio and Cooley LLP advised Blue Owl.
Consortium,
Airport,
Transport,
Oaktree Capital Management,
Centerbridge Partners,
Rail transport by country,
London City Airport,
Food,
Port,
General counsel,
JetBlue,
Growth,
Commissioner,
DAA (Irish company),
Aviation,
OTG,
Renewable energy NEW YORK, Jan. 5, 2024 /PRNewswire/ -- OTG ("OTG" or the "Company"), the hospitality group responsible for transforming the airport dining experience across the country, today announced that it has launched a series of initiatives to position the business for long-term growth and stability. The Company is working collaboratively with a private investor consortium (the "Investor Consortium") led by funds managed by Oaktree Capital Management, L.P. ("Oaktree") and Centerbridge Partners, L.P. ("Centerbridge"), to effectuate a transaction, under which the Investor Consortium will acquire OTG. The Investor Consortium also includes Sculptor Capital L.P., CPPIB Credit Investments III Inc., and Oak Hill Advisors, L.P.
Key Points:
- The Company is working collaboratively with a private investor consortium (the "Investor Consortium") led by funds managed by Oaktree Capital Management, L.P. ("Oaktree") and Centerbridge Partners, L.P. ("Centerbridge"), to effectuate a transaction, under which the Investor Consortium will acquire OTG.
- The Investor Consortium also includes Sculptor Capital L.P., CPPIB Credit Investments III Inc., and Oak Hill Advisors, L.P.
At closing of the transaction, the Investor Consortium intends to name Tom Fricke as Chairman of the Board of Directors and interim CEO.
- To help advance the Company's growth plan, the Investor Consortium will provide the Company with new financing to support continued innovation, ongoing airport infrastructure investment, and geographic expansion.
- The Investor Consortium first partnered with OTG in October 2021 to provide OTG with capital to fuel its growth.
Retrieved on:
Thursday, December 21, 2023
Bain Capital,
Boundary Street,
Partnership,
CFO,
Gene,
Investment,
Surf,
FTTP,
Great Lakes region,
Growth,
CPP Investment Board,
White & Case,
CPP Surf Internet secured the incremental debt capital to support and continue the company's mission to transform broadband in the Great Lakes Region by expanding its dense fiber networks into more communities.
Key Points:
- Surf Internet secured the incremental debt capital to support and continue the company's mission to transform broadband in the Great Lakes Region by expanding its dense fiber networks into more communities.
- The incremental capital will support Surf's plan to expand its network while strengthening its multigig capabilities.
- The upsizing will double the existing $100 million debt facility put in place in February 2023, which was used to fund the company's 2023 strategic growth plan.
- Houlihan Lokey served as exclusive financial advisor and placement agent to Surf Internet and Kirkland & Ellis LLP served as legal counsel.
Retrieved on:
Tuesday, December 26, 2023
Frankfurt Stock Exchange,
Bank,
Atlantic Ocean,
FGS Global,
CPP Investment Board,
Advent International,
FGS,
Centerbridge Partners,
TEL,
Cryptocurrency,
Holding company,
Automotive industry,
Aareal Bank Frankfurt, November 22, 2023 – Atlantic BidCo GmbH (“Atlantic BidCo” or the “Bidder”) has secured more than 95% of the shares in Aareal Bank AG (“Aareal Bank”) and plans to initate a squeeze-out of the remaining minority shareholders to acquire all remaining shares of Aareal Bank.
Key Points:
- Frankfurt, November 22, 2023 – Atlantic BidCo GmbH (“Atlantic BidCo” or the “Bidder”) has secured more than 95% of the shares in Aareal Bank AG (“Aareal Bank”) and plans to initate a squeeze-out of the remaining minority shareholders to acquire all remaining shares of Aareal Bank.
- The management board of Aareal Bank has been informed of this intention by Atlantic BidCo.
- According to the current status (today 2pm), the public delisting tender offer (the “Delisting Offer”) by Atlantic BidCo to the shareholders of Aareal Bank has been accepted for approx.
- Thus, the last trading day of the Aareal Bank shares on the Frankfurt Stock Exchange was November 21, 2023.
Retrieved on:
Thursday, December 14, 2023
Asset Management,
Professional Services,
Finance,
Gibson Dunn,
Federal Deposit Insurance Corporation,
CPP Investment Board,
Investment,
Simpson Thacher & Bartlett,
Multimedia,
Signature Bank,
Ropes & Gray,
CRE,
FDIC,
Partnership,
CPP,
Financial services,
Real estate The FDIC is maintaining an 80% ownership stake in the venture and provided financing equal to 50% of the venture’s value.
Key Points:
- The FDIC is maintaining an 80% ownership stake in the venture and provided financing equal to 50% of the venture’s value.
- Blackstone is the largest owner of commercial real estate globally and has originated or acquired more than $170 billion of real estate loans and securities since the inception of its real estate credit business.
- Rialto Capital has oversight of over $100 billion of commercial real estate loans and has experience managing public private partnerships.
- Jones Lang LaSalle served as real estate advisor to Blackstone, CPP Investments and Rialto Capital.
Retrieved on:
Thursday, October 26, 2023
Frankfurt Stock Exchange,
Aareal Bank,
TEL,
FGS Global,
FGS,
2021 German federal election,
Centerbridge Partners,
Software,
CPP Investment Board,
Advent International,
CET,
Bidding,
Federal Financial Supervisory Authority,
Holding company,
Cryptocurrency,
Automotive industry Upon the delisting, Aareal Bank shareholders will no longer have access to a regulated market for Aareal Shares.
Key Points:
- Upon the delisting, Aareal Bank shareholders will no longer have access to a regulated market for Aareal Shares.
- Frankfurt, 19 October 2023 – Atlantic BidCo GmbH (“Atlantic BidCo” or the “Bidder”) today published a public delisting tender offer (the “Delisting Offer”) for all remaining outstanding shares of Aareal Bank AG (“Aareal Bank”).
- During this time, Aareal Bank shareholders can accept the Delisting Offer and tender their shares to the Bidder.
- Upon the delisting, Aareal Bank shareholders will no longer have access to a regulated market for Aareal Shares.
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.
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.
