Caisse Acquires Full Stake in Montreal Toll Road; Ontario Teachers' Invests in IT Firm NinjaOne
Caisse is investing $280 million to acquire the remaining 50% stake in a Montreal toll road, enhancing its management flexibility. Ontario Teachers' Pension Plan is participating in a Series C extension for NinjaOne, valuing the IT firm at $12.3 billion, with extensions exceeding $400 million.
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Caisse is completing a $280 million equity investment to acquire the remaining 50% stake in a Montreal toll road, initially invested in 2023. This acquisition allows Caisse to enhance its management flexibility over the asset.
In parallel, the Ontario Teachers' Pension Plan is engaged in a Series C extension for NinjaOne, an IT company now valued at $12.3 billion, involving over $400 million in extensions. The firm aims to leverage AI to boost workplace automation.
Additionally, the Ontario Municipal Employees' Retirement System is acquiring 13 logistics assets in Spain through a subsidiary. The Public Sector Pension Investment Board and Caisse are supporting TPG Real Estate's nearly $2 billion acquisition of Echo Realty, which operates retail centers in the U.S., with Norges Bank Investment also involved.
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