Pensions
Ontario Teachers’ Pension, Nordic Capital Acquire Max Matthiessen
The pension fund also bought three logistic assets in Paris.
Tag: Acquisition
Risk
Abu Dhabi’s ADQ to Take Minority Stake in Sotheby’s for $1B
The undisclosed stake is part of the sovereign wealth fund’s plan to boost its arts and culture offerings.
Asset Allocation
NZ Super Acquires 5% Stake in Belgium’s Euroclear
The $38 billion Kiwi pension fund is now the 5th largest shareholder in the securities clearinghouse.
Corporate Moves
TCW Group Acquires Engine No. 1’s ETF Business
The San Francisco-based firm’s Transform platform manages more than $600 million in US equity ETFs.
Asset Allocation
Blackstone’s BREIT Sells Storage Business for $2.2B as Withdrawals Abate
Private equity firm reports that redemptions for the REIT are down 29% from their peak in January.
Corporate Moves
Abrdn Sells US Private Markets Business to HighVista Strategies
The Scottish investment giant will transfer $4 billion in AUM and 30 employees to the Boston-based alts manager.
Corporate Moves
Conning Acquired by Italian Insurer Generali
The U.S. asset manager, which focuses on insurance, will keep CEO Woody Bradford.
Asset Allocation
CPPIB Acquires 12% Bunge Stake Through Viterra Merger
The British Columbia Investment Management Corp. will also own a minority stake in the combined entity.
Asset Allocation
CPPIB, Silver Lake Acquire Qualtrics for $12.5 Billion
Canadian pension giant and private equity firm will buy out SAP’s majority stake for $18.15 per share.
Newsmakers
Swedish Pension Fund AP7 Sues Microsoft, Activision Over Takeover Deal
Lawsuit alleges shareholders were hurt because $68.7 billion acquisition process was “done incorrectly.”
Newsmakers
Inside the World of Private Equity: Anxiety, Elation and Sangfroid
The hot asset class for allocators, PE is its own world, according to an insider’s book.
Buyout Deadlines: Hundreds of SPACs Face Shutdowns if They Can’t Deliver
The mauled blank check funds have a ticking clock: Deliver promised acquisitions or be liquidated.
Regulation
DOJ Lawsuit Could Hurt Aon-Willis Towers Watson’s Chances in Europe
Legal action could influence whether the European Commission approves the $30 billion acquisition.
Asset Management Culture
Pattern Energy Calls Lawsuit Challenging CPPIB Acquisition a ‘PR Stunt’
Water Island Capital, which owns 4% of the firm, says the offer price is too low.
Mercer’s Parent Company Buys UK Rival for $5.7 Billion
The firm will expand its reach into the British pension advisor market.