Posts filtered by tags: Canada Pension Plan Investment Board[x]


 

Paytm Shares: BlackRock, Canada Pension Bought More Paytm Stock After Rout

Several of the biggest investors in Paytm’s record-breaking initial public offering added to their stakes in the Indian fintech giant after shares plunged by as much as 41%, according to people familiar with the matter. BlackRock Inc. and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more Paytm shares on Tuesday and Wednesday, the people said,asking not to be identified discussing private information. The stock climbed for a third day on T...
Tags: Travel, Ipo, Mumbai, Paytm, Blackrock, BlackRock Inc, Canada Pension Plan Investment Board, Rupert Neil Bumfrey, BlackRock Canada Pension


India's Paytm's IPO subscribed 48% as fintech firm heads into last issue day | Reuters

Indian fintech firm Paytm's initial public offering (IPO) of up to 183 billion rupees ($2.47 billion) was subscribed 48% on the second day of the issue period, receiving bids for 23.5 million shares, stock exchange data showed on Tuesday.Earlier in the day, Canada Pension Plan Investment Board put in an order for about 6 million shares in the main book, a source told Reuters. At the higher end of the price band, this translates to about 12.8 billion rupees.Paytm has put 48.3 million shares for s...
Tags: Travel, India, Paytm, Reuters, Coal India, Canada Pension Plan Investment Board, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Ant Group


India’s Eruditus valued at $3.2 billion in $650 million fundraise

Mumbai-based Eruditus, which works with top universities globally to offer more than 100 executive-level courses to students in over 80 nations, said on Thursday it has raised $650 million in a new financing round led by Accel and SoftBank Vision Fund 2. The new financing round — which includes both primary and secondary transactions — values the Indian startup at $3.2 billion, up from about $700 million a year ago. The Canada Pension Plan Investment Board also participated in the new round. Eru...
Tags: Asia, Education, China, India, Softbank, Funding, Tech, Nus, Mumbai, Bangalore, Accel, Josh, Canada Pension Plan Investment Board, Dailyhunt, SoftBank Vision Fund, Eruditus


World’s Third-Biggest Wealth Fund Grows Quant Team With New Hire - Bloomberg

World’s Third-Biggest Wealth Fund Grows Quant Team With New Hire - Bloomberg The Abu Dhabi Investment Authority added another senior hire to its in-house data analysis and artificial intelligence team, set up by the sovereign fund to develop new investment strategies.The world’s third-biggest wealth fund, known as ADIA, hired Alexander Davidovich, a veteran software developer who previously worked for Goldman Sachs Group Inc., Morgan Stanley and JPMorgan & Chase Co., according to a spokesman f...
Tags: Travel, Singapore, Bloomberg, Norway, Cornell University, JPMorgan Chase Co, Canada Pension Plan Investment Board, ADIA, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Goldman Sachs Group Inc Morgan Stanley, GIC Pte, TruValue Labs, SWF Institute, Global SWF, Stephen Malinak


Canada pension fund CEO resigns after flying to Dubai for Covid vaccine

Mark Machin steps down from position after traveling for first dose of vaccine while most Canadians wait to receive their first jabThe head of Canada’s largest pension fund has resigned after disregarding public health advice and travelling to Dubai for a dose of the coronavirus vaccine.The Canada Pension Plan Investment Board announced on Friday that CEO Mark Machin had stepped down from his position, after the Wall Street Journal first reported Machin’s trip late on Thursday. Continue reading....
Tags: Americas, World news, Canada, Dubai, Wall Street Journal, Canada Pension Plan Investment Board, Machin, Mark Machin, Coronavirus


POWER PLAYERS: Meet 14 Carlyle execs leading the firm's $53 billion lending division that's been on a tear recently

We profiled 14 leaders on Carlyle's $53 billion lending division. The Carlyle Group; Samantha Lee/Business Insider The Carlyle Group's lending division has been a major focus of the firm's CEO Kewsong Lee. The credit team has nearly doubled its assets under management over the past four years.  These are 14 people leading Carlyle's $53 billion lending division.  Visit Business Insider's homepage for more stories. One of Kewsong Lee's biggest priorities as CEO of The Carlyle Group has b...
Tags: Trends, Lee, Carlyle Group, Jenkins, Carlyle, Mark Jenkins, Kew, Canada Pension Plan Investment Board, The Carlyle Group, Kewsong Lee, Getty Images Carlyle, Casey Sullivan Reed Alexander, Samantha Lee Business Insider The Carlyle Group, Kewsong Lee The


Kuaishou Is Said to Draw BlackRock, #AbuDhabi to $6 Billion IPO - Bloomberg

Kuaishou Is Said to Draw BlackRock, Abu Dhabi to $6 Billion IPO - Bloomberg Kuaishou Technology, the Chinese short-video startup, has attracted BlackRock Inc. and the Abu Dhabi Investment Authority as cornerstone investors in its Hong Kong initial public offering, people with knowledge of the matter said.Capital Group Cos. and Canada Pension Plan Investment Board also committed to buy stock in the offering, the people said, asking not to be identified because the information is private. Kua...
Tags: Travel, Hong Kong, Ipo, Singapore, Bloomberg, Blackrock, BlackRock Inc, Uber Technologies Inc, Canada Pension Plan Investment Board, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Kuaishou, Temasek Holdings Pte, GIC Pte, Tiktok, Bytedance Ltd


Meet the 14 people leading The Carlyle Group's $53 billion lending division that's been on a tear recently

We profiled 14 leaders on Carlyle's $53 billion lending division. The Carlyle Group; Samantha Lee/Business Insider The Carlyle Group's lending division has been a major focus of the firm's CEO Kewsong Lee. The credit team has more than doubled its assets under management over the past four years.  These are the 14 people leading Carlyle's $53 billion lending division.  Visit Business Insider's homepage for more stories. One of Kewsong Lee's biggest priorities as CEO of The Carlyle Grou...
Tags: Trends, Lee, Carlyle Group, Jenkins, Carlyle, Mark Jenkins, Kew, Canada Pension Plan Investment Board, The Carlyle Group, Kewsong Lee, Getty Images Carlyle, Casey Sullivan Reed Alexander, Samantha Lee Business Insider The Carlyle Group, Kewsong Lee The


Meet 14 people leading The Carlyle Group's $53 billion lending division that's been on a tear recently

We profiled 14 leaders on Carlyle's $53 billion lending division. The Carlyle Group; Samantha Lee/Business Insider The Carlyle Group's lending division has been a major focus of the firm's CEO Kewsong Lee. The credit team has more than doubled its assets under management over the past four years.  These are 14 people leading Carlyle's $53 billion lending division.  Visit Business Insider's homepage for more stories. One of Kewsong Lee's biggest priorities as CEO of The Carlyle Group ha...
Tags: Trends, Lee, Carlyle Group, Jenkins, Carlyle, Mark Jenkins, Kew, Canada Pension Plan Investment Board, The Carlyle Group, Kewsong Lee, Getty Images Carlyle, Casey Sullivan Reed Alexander, Samantha Lee Business Insider The Carlyle Group, Kewsong Lee The


Read the 24-slide pitch deck that 'data janitor' startup Trifacta used to land $100 million from backers including Google and BMW

Trifacta, a startup that serves as a "data janitor" by preparing data for companies, raised a $100 million Series E in September 2019.  New investors in the round included Telstra Ventures, BMW iVentures, and ABN AMRO Digital Impact. Previous investors Accel, Google, and Greylock Partners also participated. Adam Wilson, CEO of Trifacta, told Business Insider it was important to bring on strategics at this stage to help Trifacta grow into new markets.  View the 24-slide pitch deck Trifacta used...
Tags: Google, Trends, Bloomberg, Nba, UC Berkeley, Ericsson, Greylock Partners, Permira, Index Ventures, Wilson, Abn Amro, Baron Davis, Canada Pension Plan Investment Board, Adam Wilson, Informatica, Trifacta


Here's the pitch deck that Trifacta, a startup that cleans up data to help companies deploy AI, used to land a $100 million Series E and strategic investors like luxury automaker BMW

Trifacta, a startup that serves as a "data janitor" by preparing data for companies, raised a $100 million Series E in September 2019.  New investors in the round included Telstra Ventures, BMW iVentures, and ABN AMRO Digital Impact. Previous investors Accel, Google, and Greylock Partners also participated. Adam Wilson, CEO of Trifacta, told Business Insider it was important to bring on strategics at this stage to help Trifacta grow into new markets.  View the 24-slide pitch deck Trifacta used...
Tags: Google, Trends, Bloomberg, Nba, Bmw, UC Berkeley, Ericsson, Greylock Partners, Permira, Index Ventures, Wilson, Abn Amro, Baron Davis, Canada Pension Plan Investment Board, Adam Wilson, Informatica


Neiman Marcus bankrupt, idled by virus, crushed by debt

By Katherine Doherty, Bloomberg Neiman Marcus Group filed for bankruptcy after efforts to manage its crushing debt load unraveled amid the spreading coronavirus pandemic. Creditors will take control of the luxury department store chain, according to plans outlined in a Chapter 11 petition filed in Houston. The move gives the Dallas-based luxury retailer a break by letting it stay in business while management works out a recovery plan. The company, led by Chief Executive Officer Geoffroy van Raem...
Tags: Business, Germany, Sport, Bankruptcy, Soccer, Manhattan, Dallas, Houston, Hertz, Neiman Marcus, Neiman, Canada Pension Plan Investment Board, Mytheresa, Geoffroy van Raemdonck, Mathew Christy, Ares Management Corp




Coronavirus fallout: Neiman Marcus poised for bankruptcy protection

Neiman Marcus, which operates five Southern California department stores under the Neiman Marcus and Last Call banners, is preparing to file for bankruptcy amid the COVID-19 outbreak while other major major retailers are struggling to avoid a similar fate. The Dallas-based company didn’t have a lot of options after the health pandemic forced it to temporarily shutter all 43 of its Neiman Marcus locations, as well as its 22 remaining Last Call stores and its two Bergdorf Goodman stores in New Yor...
Tags: Nordstrom, Business, Cdc, America, Sport, Bankruptcy, Soccer, Dallas, Southern California, Neiman Marcus, Reuters, Jcpenney, Macy, Penney, Bergdorf Goodman, Neiman


The CEO of security startup Netskope says that a driving force behind its monster $340 million funding round was the chance to work with Sequoia Capital

Cloud security company Netskope just raised a $340 million Series G funding round led by Sequoia Capital. The round values the company at $3 billion — more than double its last valuation, as of November 2018. Netskope CEO and founder Sanjay Beri said that the company is seeing rapid growth, and wasn't necessarily looking to raise funding, but inbound interest from Sequoia Capital was too good to pass up. "We've been scaling extremely rapidly, we saw 80% growth year on year in our customer base...
Tags: Google, Germany, Trends, Sainsbury, Silicon Valley, Sequoia Capital, Lightspeed Venture Partners, Vmware, Sequoia, Netskope, Business Insider, Carbon Black, Canada Pension Plan Investment Board, Beri, PSP Investments, Sanjay Beri


Netskope hauls in another $340M investment on nearly $3B valuation

Netskope has always focused its particular flavor of security on the cloud, and as more workloads have moved there, it has certainly worked in its favor. Today the company announced a $340 million investment on a valuation of nearly $3 billion. Sequoia Capital Global Equities led the round, but in a round this large, there were a bunch of others participating firms including new investors Canada Pension Plan Investment Board and PSP Investments, along with existing investors Lightspeed Venture P...
Tags: Security, TC, Cloud, Enterprise, Funding, Tech, Unicorns, Cloud Security, Accel, Netskope, Crunchbase, Canada Pension Plan Investment Board, Beri, PSP Investments, Sanjay Beri, Sequoia Lightspeed


Canada's infrastructure was once cheap and effective to build. Now, it's a titanic transfer from taxpayers to the world's biggest businesses and investors

[We're delighted to have Rosemary Frei back with us, this time reporting on a global transformation: once, infrastructure was created efficiently cheap central bank funding and now it's done with public-private partnerships, at much higher price-tags, creating massive transfers from taxpayers to the biggest businesses and private equity funds in the world. As we get ready for huge infrastructure buildouts to address climate change, the super-rich stand to reap trillions – money we could be spen...
Tags: Post, UK, News, Supreme Court, Australia, New York City, US, Toronto, Mark Carney, Infrastructure, Canada, Un, Bank, International Monetary Fund, Piketty, North America


CPPIB takes stake in Latin American fitness chain Smart Fit

Canada Pension Plan Investment Board has acquired a 12.4 percent stake in Latin American fitness chain Smart Fit. The investment was for C$340 million. Smart Fit, which currently serves 2.5 million members across 739 locations in ten countries, is headquartered in São Paulo, Brazil. PRESS RELEASE São Paulo, Brazil/Toronto, Canada (November 26, 2019): Canada Pension Plan Investment Board (“CPPIB”) has invested R$1,071 million (C$340 million) for a 12.4% stake in Smartfit Escola de Ginástica e Dan...
Tags: Toronto, Trends, Sydney, Latin America, Sao Paulo, Cppib, CPP, Sao Paulo Brazil, LinkedIn Facebook, Canada Pension Plan, Canada Pension Plan Investment Board, PE Deals, Canada Pension Plan CPP, CPP Fund, Consumer/Retail, Smartfit Escola de Ginastica


Battery tech startup Sila Nano lands $45 million and Tesla veteran Kurt Kelty

Sila Technologies, the battery materials company that has partnered with BMW and Daimler, landed $45 million in new funding and hired two high-profile executives, including Kurt Kelty, who led the battery cell team at Tesla for more than a decade. Kelty, who was on Sila Nano’s advisory board, has been appointed vice president of automotive, according to Sina Nanotechnologies. The company also hired Bill Mulligan, the former executive vice president of global operations at SunPower, as its fi...
Tags: Energy, Startups, TC, Tech, Tesla, Chemistry, Automotive, Panasonic, Bmw, Energy Storage, Daimler, Lithium Ion Batteries, Rechargeable Batteries, Consumer Electronics, Daimler AG, SunPower


CPPIB to buy power company Pattern Energy

Canada Pension Plan Investment Board has agreed to acquire Pattern Energy, an independent power company, in a take-private transaction for US$26.75 per share or about US$6.1 billion. CPPIB has also agreed to merge Pattern Energy with Pattern Development, which is backed by Riverstone Holdings, to create a renewal energy company. Evercore and Goldman Sachs are financial advisers to Pattern Energy’s special committee on the deal with Paul, Weiss, Rifkind, Wharton & Garrison LLP serving as independ...
Tags: Japan, New York, US, Toronto, San Francisco, Trends, Mexico City, Sydney, Tokyo, Goldman Sachs, North America, Nasdaq, Cppib, Board, Gw, Company


CPPIB names Ahmad as U.S. senior adviser

Canada Pension Plan Investment Board has appointed Zubaid Ahmad as U.S. senior adviser. Ahmad is founder and managing partner at Caravanserai Partners. Prior to establishing Caravanserai Partners, Ahmad was vice chairman, institutional clients group and co-head of global asset managers group, at Citigroup. He is based in New York City. PRESS RELEASE New York, New York (October 29, 2019) – Canada Pension Plan Investment Board (CPPIB) appoints Zubaid Ahmad to the newly created role of Senior Advis...
Tags: New York, New York City, Toronto, Trends, People, United States, Harvard University, Credit Suisse, Sydney, Citigroup, Cppib, New York New York, CPP, Georgetown University, Ahmad, LinkedIn Facebook


CPPIB to sell stake in Interparking to APG

Canada Pension Plan Investment Board is selling its 39 percent stake in Interparking, a Belgian-based car park owner and operator, to APG. No financial terms were disclosed. The deal is expected to close over the next few months. APG is a Dutch pension provider. PRESS RELEASE APG is to acquire a 39% stake in Interparking, one of Europe’s largest car park owners and operators. APG will buy the stake from CPP Investment Board Europe S.à r.l, a wholly owned subsidiary of Canada Pension Plan Investm...
Tags: Hong Kong, Europe, Germany, US, Toronto, Trends, Austria, Netherlands, Sydney, Belgium, Romania, Cppib, CPP, LinkedIn Facebook, ABP, Canada Pension Plan


Sunrise shareholder Canada Pension Plan Investment Board backs $2.8 billion capital hike

Sunrise Communications has won support from one of its largest shareholders for its $2.8 billion (2.2 billion pounds) capital hike - the latest twist in the telecom company's battle to buy Liberty Global's Swiss business.
Tags: Money, businessNews, Liberty Global, Canada Pension Plan Investment Board, Sunrise Communications


CPPIB and KKR will invest in German publisher Axel Springer

Canada Pension Plan Investment Board alongside KKR will invest in acquiring a stake in Axel Springer, a German publishing firm. CPPIB’s financial commitment will be at least 500 million euros. PRESS RELEASE TORONTO, Oct. 15, 2019 /CNW/ – Canada Pension Plan Investment Board (CPPIB) announced today that it will invest, through its wholly owned subsidiary CPPIB Europe S.à r.l, alongside funds advised by KKR, in Traviata I S.à r.l., a holding company that is conducting the voluntary public tender o...
Tags: Europe, Toronto, Trends, Tech, Sydney, KKR, Axel Springer, Cppib, CPP, LinkedIn Facebook, Canada Pension Plan, Canada Pension Plan Investment Board, Friede Springer, PE Deals, Canada Pension Plan CPP, Mathias Döpfner


Radical Ventures unveils $350 mln AI-focused fund

Radical Ventures has launched a $350 million fund focused mostly on artificial intelligence. The fund’s limited partners include Canada Pension Plan Investment Board, the Public Sector Pension Investment Board, TD Bank Group and Wittington Investments Limited. PRESS RELEASE TORONTO, May 7, 2019 /PRNewswire/ — Radical Ventures, a venture capital firm investing in entrepreneurs applying deep tech to transform massive industries, today launched a new USD $350 million fund focused primarily on artif...
Tags: Toronto, Trends, Canada, Funds, University of Toronto, Cppib, Clark, Jacobs, SVP, Barton, Canada Pension Plan Investment Board, TD Bank Group, Ed Clark, TD Bank, Geoffrey Hinton, Jordan Jacobs


TPG just raised $1.6 billion for a tech-focused fund after bets on Uber, Spotify, and other private companies paid off big – and shows some of the problems with current funding models

TPG has raised $1.6 billion for its debut technology-focused fund, TPG Tech Adjacencies. Through other funds, the private equity giant has invested in a variety of private tech companies, including Airbnb, Uber, and Spotify.  Those investments led TPG to identify problems with companies staying private for longer, such as employees needing liquidity. The firm created this fund to buy into some of those opportunities that didn't fit into its traditional private equity funds.  Visit Business Ins...
Tags: Trends, Tesla, Snaplogic, Trujillo, Canada Pension Plan Investment Board, TPG, Sonatype, Kaseya, Airbnb Uber, David Trujillo, Nehal Raj, Uber Lyft China, TTAD, Uber Airbnb Spotify, TPG Tech Adjacencies TTAD, Sauce Labs Investors


3M to buy Acelity, KCI from Apax-led group for $6.7 bln

An Apax Partners-led consortium has agreed to sell Acelity Inc and its KCI subsidiaries worldwide to 3M for approximately $6.725 billion. The other sellers include Canada Pension Plan Investment Board and the Public Sector Pension Investment Board. KCI, of San Antonio, markets products such as negative pressure wound therapy, specialty surgical and advanced wound dressing in approximately 90 countries. PRESS RELEASE Apax Funds, CPPIB and PSP Investments Agree to Sell Acelity and its KCI Subsidia...
Tags: Hong Kong, New York, Toronto, Trends, Canada, Sydney, Jp Morgan, Goldman Sachs, Montreal, San Antonio, Cppib, Apax, CPP, New York London, San Antonio Texas, LifeCell


Cinven to divest remaining stake in Visma to Hg and CPPIB

Cinven has agreed to sell its remaining stake in Visma to Hg and Canada Pension Plan Investment Board. No financial terms were disclosed. Visma is a provider of business software to small and medium-sized companies, retailers and local authorities across the Nordic, Benelux and Baltic regions. PRESS RELEASE International private equity firm Cinven today announces that it has agreed to sell its remaining stake in Visma (‘the Group’) to Hg and Canada Pension Plan Investment Board for an undisclose...
Tags: Hong Kong, Europe, New York, London, Trends, Financial Conduct Authority, Group, Northern Europe, Vi, Canada Pension Plan Investment Board, Business Services, PE Deals, V, TMT, Cinven, Visma


Endeavor expected to file IPO paperwork: Wall Street Journal

Endeavor LLC, the company once known as William Morris and owner of Ultimate Fighting Championship league, has filed to go public or is about to file confidential paperwork for an IPO, the Wall Street Journal reported. Canada Pension Plan Investment Board invested $400 million in the company in 2017. Silver Lake is also an investors. Endeavor is valued at $6.3 billion, the WSJ said.
Tags: Trends, IPOs, Wall Street Journal, WSJ, Silver Lake, William Morris, Canada Pension Plan Investment Board


CPPIB to invest $750 mln in Aqua America’s buy of Peoples

Canada Pension Plan Investment Board has agreed to invest about $750 million in Aqua America Inc, a Bryn Mawr, Pennsylvania-based water and wastewater utility. As a result, CPPIB will acquire about 21.7 million newly issued shares of the company’s common stock. The proceeds will support Aqua’s acquisition of Peoples Natural Gas Co LLC, a Pittsburgh, Pennsylvania-based provider of natural gas services, from SteelRiver Infrastructure Partners. The deal, announced in October, is valued at $4.3 bill...
Tags: Kentucky, Toronto, Trends, Sydney, New York Stock Exchange, Cppib, The Company, CPP, Franklin, LinkedIn Facebook, Aqua America, Aqua America Inc, Canada Pension Plan, Canada Pension Plan Investment Board, Pittsburgh Pennsylvania, Bryn Mawr Pennsylvania