December 23, 2009
Livingston International Income Fund announces unitholders' approval of acquisition by CPP Investment Board and Sterling Partners acquisition agreement
TORONTO, Canada - Livingston International Income Fund (TSX: LIV.UN) (“Livingston”) announced today that unitholders have approved the acquisition of Livingston by the Canada Pension Plan Investment Board (“CPPIB”) and Sterling Partners. December 21, 2009
Acquisition of Silverburn shopping centre
Hammerson and Canada Pension Plan Investment Board (CPPIB) announced today that they have entered into a 50:50 joint venture which has acquired Retail Property Holdings Ltd from The Elementary Property Company Ltd (acting by its receivers). Retail Property Holdings’ main asset is the freehold interest in Silverburn, a 93,000 m² prime regional shopping centre near Glasgow. December 15, 2009
Livingston International Income Fund announces increased cash offer of $9.50 per unit from CPP Investment Board and Sterling Partners
TORONTO, Canada - Livingston International Income Fund (TSX: LIV.UN) (“Livingston”), Canada Pension Plan Investment Board (“CPPIB”) and Sterling Partners announced today that they have agreed to amend the acquisition agreement dated October 7, 2009 to increase the amount of consideration to be received by unitholders from $8.00 to $9.50 in cash per unit (less any amounts withheld from non-resident unitholders on account of taxes, as applicable). November 20, 2009
eBay Inc. Completes Sale of Skype
SAN JOSE, Calif. (November 20, 2009) - eBay Inc. (NASDAQ: EBAY) announced today that it has successfully completed the previously announced sale of its Skype communications unit in a deal valuing the business at $2.75 billion. The buyer, who will control an approximately 70 percent stake, is an investor group led by Silver Lake and includes Joltid Limited and certain affiliated parties, the Canada Pension Plan Investment Board and Andreessen Horowitz. November 18, 2009
Toronto as global retirement financing solutions hub
TORONTO, ON (November 18, 2009): Toronto has the potential to be a world hub of retirement financing solutions – a position that the CPP Investment Board is supporting through a new action plan for the Toronto Financial Services Working Group. November 12, 2009
CPP Fund up $7.2 Billion to $123.8 Billion
TORONTO, ON (November 12, 2009): The CPP Fund ended the second quarter of fiscal 2010 on September 30, 2009 at $123.8 billion compared to $116.6 billion at the end of the first quarter on June 30, 2009. The $7.2 billion increase in assets after operating expenses this quarter consisted of $5.4 billion in investment income, reflecting a 4.6 per cent rate of return, and $1.9 billion in CPP contributions not needed to pay current pension benefits. November 6, 2009
eBay Inc. and Silver Lake Investor Group Settle Skype Litigation with Joltid Limited
SAN JOSE, Calif. (November 6, 2009) - eBay Inc. (NASDAQ: EBAY) today announced that the investor group led by Silver Lake, which had previously entered into a definitive agreement to acquire a majority stake in Skype from the company, has reached a settlement agreement with Joltid Limited and Joost N.V. that gives Skype ownership over all software previously licensed from Joltid and ends all litigation currently pending against the investor group and eBay at the closing of the acquisition. November 5, 2009
IMS Health to be Acquired by TPG and CPP Investment Board
Norwalk, CT (November 5, 2009) - IMS Health (NYSE: RX), the world’s leading provider of market intelligence to the pharmaceutical and healthcare industries, today announced that it has entered into a definitive agreement to be acquired by investment funds managed by TPG Capital (“TPG”) and the CPP Investment Board (“CPPIB”) in a transaction with a total value of $5.2 billion, including the assumption of debt. November 5, 2009
Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Confirm Indicative Proposal to Acquire Transurban
TORONTO, Canada (November 5, 2009) - Further to the announcement made by Transurban today, Canada Pension Plan Investment Board (“CPPIB”) and Ontario Teachers’ Pension Plan (“OTPP”) confirm that on 27 October 2009 they submitted an indicative proposal to acquire 100% of Transurban securities by way of a scheme of arrangement (“the Proposal”). October 26, 2009
Minister of Finance Appoints New Director to Canada Pension Plan Investment Board
Ottawa, ON (October 26, 2009) – The Honourable Jim Flaherty, Minister of Finance, announced that Douglas W. Mahaffy was appointed to the board of directors of the Canada Pension Plan Investment Board (CPPIB). Mr. Mahaffy, of Toronto, Ontario, who has more than 35 years of experience as a financial executive, will retire in March 2010 as Chairman of McLean Budden, an institutional money management firm. For the full release please visit: www.fin.gc.ca/n08/09-102-eng.asp October 8, 2009
Livingston International Income Fund agrees to be acquired by CPP Investment Board and Sterling Partners
TORONTO, Canada (October 8, 2009) - Livingston International Income Fund (TSX: LIV.UN) (“Livingston”) announced today that it has agreed to be acquired by CPP Investment Board and Sterling Partners (the “Consortium”) in a transaction that would provide a payment of Cdn$8.00 cash per unit to unitholders. The transaction will be effected by way of a sale of all of the assets of Livingston under a plan of arrangement, following which the proceeds will be distributed to unitholders and the trust wound up. September 24, 2009
Osisko Mining Corporation enters into financing agreement with CPPIB Credit Investments Inc.
(Montreal, September 24, 2009) — Osisko Mining Corporation (“Osisko” or the “Company”) (TSX:OSK; Deutsche Boerse: EWX) is pleased to announce that it has entered into a financing agreement with CPPIB Credit Investments Inc. (“CPPIB”), a wholly owned subsidiary of the CPP Investment Board. September 23, 2009
Brookfield Properties Announces Recladding of First Canadian Place in Toronto
TORONTO--Sep. 23, 2009-- Brookfield Properties Corporation (BPO: NYSE, TSX), its Canadian-based subsidiary, BPO Properties Ltd. (BPP: TSX), along with ownership partners Canada Pension Plan Investment Board (CPPIB) and Alberta Investment Management Corporation (AIMCo), today announced that First Canadian Place in downtown Toronto will undergo a thorough renovation program, including a total recladding of the building’s exterior with glass spandrel panels to replace the existing white marble. The project will begin immediately and is expected to be completed by the end of 2011. September 18, 2009
KKR and CPP Investment Board purchase Flextronics' stake in Aricent
New York, September 18, 2009 -- Kohlberg Kravis Roberts & Co. (“KKR”) today announced that it has increased its investment in Aricent, following the completion of an agreement between KKR and CPP Investment Board with Flextronics to purchase certain securities. The transaction, valued at $255 million, closed on September 16, 2009. September 1, 2009
Investor Group to Acquire Majority Stake in Skype
Menlo Park, CA (September 1, 2009): Skype Technologies S.A. and an investor group led by Silver Lake announced today that they have signed a definitive agreement in which the investor group will purchase a 65 percent interest in Skype Technologies from eBay (NASDAQ: EBAY) for approximately $1.9 billion in cash, in a transaction valuing Skype Technologies at $2.75 billion. eBay will retain the remaining 35 percent equity interest in Skype. August 12, 2009
CPP Fund Up $11.1 Billion to $116.6 Billion
TORONTO, ON (August 12, 2009): The CPP Fund ended the first quarter of fiscal 2010 on June 30, 2009 at $116.6 billion compared to $105.5 billion at fiscal year-end on March 31, 2009. The $11.1 billion increase in assets this quarter consisted primarily of $7.6 billion in investment income, reflecting a 7.1 per cent rate of return, and $3.5 billion in CPP contributions not needed to pay current pension benefits.
August 10, 2009
CPP Investment Board commits up to US$250 million to Brazilian commercial properties joint venture
TORONTO, ON (August 10, 2009):The CPP Investment Board (CPPIB) announced today that it has entered into a joint venture with Cyrela Commercial Properties S.A. Empreendimentos e Participações (CCP) (Bovespa: CCPR3). The venture, which will also include GIC Real Estate, the real estate investment arm of the Government of Singapore Investment Corporation, will focus on the development, acquisition and management of institutional-quality commercial properties in Brazil. CPPIB’s investment will consist initially of a US$150 million commitment to the venture with the option to increase up to US$250 million at CPPIB’s discretion. August 7, 2009
Goodman announces a US$132 million joint venture in China with CPPIB Goodman Group (Goodman) and the Canada Pension Plan Investment Board (“CPPIB”) are pleased to announce that they have entered into a new Joint Venture (“JV”) which will seek to own and develop logistics assets in Mainland China. The initial investment by the JV will be US$132 million. In addition, the joint venture could invest up to a further US$150 million to develop facilities on land currently owned by Goodman in China. July 22, 2009
Confirmation of Scheme Implementation
SYDNEY, Australia. (July 22, 2009) – Macquarie Communications Infrastructure Group (MCG) is pleased to confirm that the Scheme Consideration of $2.50 per stapled security and the Special Capital Distribution of $0.50 per stapled security have been paid today. July 13, 2009
Canadian Coalition for Good Governance names David Denison as New Chair
TORONTO, ON (July 13, 2009):TThe Canadian Coalition for Good Governance has named David
Denison, President and Chief Executive Officer of the CPP Investment Board (CPPIB),
as its new Chair. Denison succeeds Doug Pearce, CEO of BC Investment Management Corporation, whose three-year term as Chair expired. June 30, 2009
Macquarie Communications Infrastructure Group Security Holders Approve Sale to CPP Investment Board
TORONTO, ON (June 30, 2009):The CPP Investment Board (CPPIB) announced today that the security holders of Macquarie Communications Infrastructure Group (MCG) voted in favour of accepting CPPIB’s proposal to acquire all the stapled securities of MCG which was initially announced on March 30, 2009. June 29, 2009
Hercules Unit Trust Secures £100 Million Investment from Canada Pension Plan Investment Board
Hercules Unit Trust (‘HUT’ or the ‘Trust’) the specialist retail warehouse fund advised by The British Land Company PLC and managed by Schroders, is pleased to announce that Canada Pension Plan Investment Board (‘CPPIB’), a major global investor, has made a £100 million capital investment into the Trust. June 15, 2009
CPP Investment Board Enhances Proposal To Acquire Macquarie Communications Infrastructure Group
TORONTO, ON (June 15, 2009): The CPP Investment Board (CPPIB) announced today that the Independent Directors of Macquarie Communications Infrastructure Group (MCG) and CPPIB have agreed to make a special capital distribution of A$0.50 per stapled security to MCG security holders on implementation of the schemes of arrangement. This distribution does not otherwise affect CPPIB’s fully funded proposal to acquire all MCG stapled securities at A$2.50 per stapled security. The fully funded proposal (to be implemented via inter-conditional schemes of arrangement) was initially announced on March 31, 2009. May 21, 2009
CPP Fund Totals $105.5 Billion at 2009 Fiscal Year-End
Toronto, ON (May 21, 2009): The CPP Fund ended its 2009 fiscal year on March 31, 2009 with assets of $105.5 billion, a decline of $17.2 billion after operating expenses from $122.7 billion at the end of fiscal 2008. The Fund’s decline for the year primarily reflects an investment return of negative 18.62 per cent or negative $23.6 billion, offset by CPP contributions of $6.6 billion. May 4, 2009
Courts approve the issue of MCG Scheme Booklet and order the convening of Security Holder Meetings SYDNEY, Australia. (May 4, 2009) – Macquarie Communications Infrastructure Group (MCG) advises that the Supreme Courts of
New South Wales and Bermuda have approved the issue of MCG's Scheme Booklet and
ordered the convening of MCG security holder meetings to be held on Wednesday, 17 June 2009 in Sydney. March 30, 2009
CPP Investment Board Makes Formal Offer To Acquire Macquarie Communications Infrastructure Group
TORONTO, ON (March 30, 2009): The CPP Investment Board announced today that it has made a formal offer to acquire 100 per cent of Macquarie Communications Infrastructure Group (“MCG”). The CPP Investment Board is offering to purchase all of the stapled securities of MCG for A$2.50 per stapled security (C$2.12) (the “Offer”), reflecting an equity value for MCG of A$1.37 billion (C$1.16 billion). February 13, 2009
CPP Fund ends third quarter at $108.9 billion
TORONTO, ON (February 13, 2009): The CPP Fund ended the third quarter of fiscal 2009 on December 31, 2008 with assets of $108.9 billion, compared to $117.4 billion at the end of the second quarter of fiscal 2009. The Fund’s decline for the quarter reflects an investment return of negative 6.7 per cent or negative $7.9 billion. February 6, 2009
Puget Holdings completes acquisition of Puget Energy and Puget Sound Energy
BELLEVUE, Wash. (February 6, 2009) – Puget Holdings LLC, a group of long-term infrastructure investors, today announced the completion of its $7.4 billion merger transaction with Puget Energy and its wholly-owned utility subsidiary, Puget Sound Energy, acquiring all of the issued and outstanding common shares of Puget Energy for $30 a share. For the full release please visit:
pse.com/newsarchive/Pages/NewsMergerCompletion.aspx?navpath=/InsidePSE/newsroom January 22, 2009
Minister of Finance Appoints Two New Directors to Canada Pension Plan Investment Board
Ottawa, ON (January 22, 2009) – The Honourable Jim Flaherty, Minister of Finance, announced today two appointments to the board of directors of the Canada Pension Plan Investment Board (CPPIB). Robert Brooks of Oakville, Ontario, was the Vice Chairman of the Bank of Nova Scotia prior to retiring last fall. Elaine McKinnon of Quispamsis, New Brunswick, is Chief Financial Officer and Chief Operating Officer of Brovada, a Saint John-based software provider. For the full release please visit:
www.fin.gc.ca/n08/09-009-eng.asp January 16, 2009
Press Release
(January 16, 2009) Puget Holdings LLC, a group of long-term infrastructure investors, and Puget Energy today announced they expect to close Puget Holdings’ US$7.4 billion purchase of Puget Energy and its wholly-owned utility subsidiary, Puget Sound Energy, by Feb. 6, 2009. For the full release please visit:
www.pse.com/newsarchive/Pages/NewsMergerClose.aspx?navpath=/InsidePSE/newsroom |