Read about the activities of CPPIB, from our inception to the present.
Apr 16, 2014
Toronto, ON, Canada (April 16, 2014): Canada Pension Plan Investment Board (CPPIB) announced today that it has entered into a definitive agreement to sell Air Distribution Technologies, Inc. (Air Distribution) to Johnson Controls for a total consideration of approximately $1.6 billion. The sale is expected to close by the end of July 2014 and is subject to customary closing conditions and regulatory approvals.
Apr 04, 2014
Toronto, ON (April 4, 2014) – Onex Corporation ("Onex") (TSX: OCX) and its affiliates (the “Onex Group”) and Canada Pension Plan Investment Board ("CPPIB") today announced they have agreed to sell Gates Corporation (“Gates”) to private equity funds affiliated with Blackstone for $5.4 billion. The sale is expected to close later this year and is subject to customary closing conditions and regulatory approvals.
Mar 25, 2014
Toronto, Canada (March 25, 2014): Canada Pension Plan Investment Board (CPPIB) announced today that it has formed a new venture with China Vanke Co., Ltd. (Vanke), the largest residential developer in China. Through this venture, CPPIB will over time invest US$250 million in the Chinese residential market.
Mar 21, 2014
Toronto, ON, Canada (March 21, 2014): Canada Pension Plan Investment Board (CPPIB) announced today that a wholly-owned subsidiary of CPPIB, together with the management of Wilton Re, have entered into a definitive agreement to acquire 100% of the common stock of Wilton Re Holdings Limited for US$1.8 billion from a group of investors led by Stone Point Capital, Kelso & Company, Vestar Capital Partners and FFL. The transaction is subject to regulatory approvals and other customary closing conditions.
Feb 12, 2014
Toronto, Canada/Mumbai, India (February 12, 2014): CPPIB Credit Investments Inc., a wholly-owned subsidiary of Canada Pension Plan Investment Board (CPPIB), and Piramal Enterprises Limited (PEL), one of India’s largest diversified companies, announced today a strategic alliance for providing rupee debt financing to residential projects across India’s major urban centres. CPPIB and PEL have each initially committed US$250 million for this purpose. Indiareit Fund Advisors (Indiareit), the real estate fund management arm of PEL, has been appointed as advisor.
Feb 05, 2014
Toronto, Canada/São Paulo, Brazil (February 5, 2014): Canada Pension Plan Investment Board (CPPIB) announced today the opening of an office in São Paulo to focus on investment opportunities in Latin America. This new office will expand CPPIB’s global reach and enhance its strategy to build a diversified investment portfolio in order to help support retirement security for generations of Canadians.
Jan 08, 2014
Toronto, ON (January 8, 2014): Canada Pension Plan Investment Board (CPPIB) announced today that Donald M. Raymond, Senior Vice-President & Chief Investment Strategist, has resigned from his position at CPPIB effective March 31, 2014 to assume a leadership role with Alignvest Management Corporation.
Apr 15, 2014
Toronto, Canada (April 15, 2014): Canada Pension Plan Investment Board (CPPIB) announced today that, together with DEXUS Property Group (DEXUS), they have completed the compulsory acquisition of 100% of the units in the Commonwealth Property Office Fund (“CPA”).
Apr 02, 2014
Montreal, Canada (April 2, 2014): Osisko Mining Corporation ("Osisko") (TSX:OSK; Deutsche Boerse: EWX) and Yamana Gold Inc. (“Yamana”) (TSX:YRI; NYSE:AUY) are pleased to announce they have entered into an agreement (“the Agreement”) pursuant to which Yamana will acquire a 50% interest in Osisko's mining and exploration assets for C$441.5 million in cash and 95.7 million common shares of Yamana having an aggregate value of C$929.6 million (the "Yamana Consideration"). Upon implementation of the Agreement, each outstanding Common share of Osisko will be exchanged for (i) C$2.194 in cash, (ii) 0.2119 of a Yamana common share, and (iii) a new common share of Osisko.
Mar 24, 2014
Toronto, ON, Canada (March 24, 2014) – Canada Pension Plan Investment Board (CPPIB) announced today that it has completed the acquisition of a 23.6% equity stake in Transportadora de Gas del Perú S.A. (TgP), a Peruvian pipeline company. The interest in TgP was acquired from Tecpetrol International SA, Tecpetrol Internacional SLU and Tecpetrol SA through the exercise of CPPIB’s right-of-first-refusal (ROFR). The transaction also included the acquisition of 100% of Compañía Operadora de Gas del Amazonas (COGA), the operator for TgP. The total consideration paid by CPPIB for both the 23.6% stake in TgP and 100% of COGA was US$607 million.
Feb 14, 2014
TORONTO, ON (February 14, 2014): The CPP Fund ended the third quarter of its 2014 fiscal year on December 31, 2013 with net assets of $201.5 billion, compared to $192.8 billion at the end of the previous quarter. The $8.7 billion increase in assets for the quarter comprised $11.1 billion in net investment income, after operating costs, less $2.4 billion of cash outflows. The CPP Fund routinely receives more CPP contributions than are required to pay benefits during the first part of the calendar year and then remits a portion of those funds for benefit payments in the latter part of the year. The portfolio delivered a gross investment return of 5.9% for the quarter.
Feb 06, 2014
TORONTO, ON (February 6, 2014): Mark Wiseman, President & Chief Executive Officer, Canada Pension Plan Investment Board (CPPIB), is pleased to announce the appointment of Ed Cass to the position of Senior Vice-President & Chief Investment Strategist and a member of the Senior Management Team, effective as from April 1st.
Jan 31, 2014
Toronto, Canada (January 31, 2014) – Canada Pension Plan Investment Board (CPPIB) announced today that it will acquire a 10.4% equity stake in Transportadora de Gas del Perú S.A. (TgP) from Graña y Montero (GyM), the largest engineering and construction company in Peru, for a consideration of US$200 million.