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.
Market Moves
BlackRock’s Purchase of GIP Deepens Its Alts Exposure
Global Infrastructure Partners adds $100 billion in assets to the finance giant.
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.
Asset Allocation
Get Ready for a Biotech M&A Comeback
RBC Capital, heartened by some billion-dollar-plus deals, sees a new buyout hunger in Big Pharma.
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.