CDPQ’s Student Transportation acquires Pacific Western Transportation

  June 19, 2022 CPE News (6.19.2022) – Student Transportation of America/Student Transportation of Canada (STA/STC) has acquired Pacific Western Transportation (PWT), the largest privately owned transportation company in Canada. The PWT acquisition will add over 5,000 employees to the STA/STC family of companies and 4,100 vehicles to the STA/STC fleet, including 950 alternative fuels and […]

TELUS announces agreement to acquire LifeWorks

June 16, 2022 TELUS announces agreement to acquire LifeWorks, strengthening TELUS Health’s position as a leading global digital health and wellness provider Acquisition significantly accelerates TELUS Health’s vision of employer-based healthcare, increasing access to high quality, proactive healthcare and mental wellness for employees by unifying digital-first solutions across the care continuum  Adds LifeWorks’ leading employee […]

Apollo Funds To Acquire Cardenas Markets

  June 13, 2022 Apollo announced that funds managed by its affiliates have agreed to acquire Cardenas Markets, a grocery retailer focused on serving the Hispanic community, from investment funds affiliated with KKR, a global investment firm. Upon completion of the transaction, Apollo Funds will combine Tony’s Fresh Market, a Chicago-based portfolio company, with Cardenas […]

Brookfield Buys Watermark Lodging Trust for $3.8 Billion in Cash

May 6, 2022 Patrick Clark, Bloomberg News SONOMA, SONOMA VALLEY, CA – 2009: The water tower and manicured grounds at the Fairmont Sonoma Mission Inn Hotel & Spa are seen in this 2009 Sonoma, Sonoma Valley, California, summer morning photo. (Photo by George Rose/Getty Images) , Photographer: George Rose/Getty Images North America (Bloomberg) — Private real […]

Private debt manager Ninepoint freezes investor redemptions on four funds

GREG MCARTHUR SECURITIES REGULATION REPORTER TIM KILADZE 11 COMMENTS Asset manager Ninepoint Partners LP has suspended redemptions on four of its private credit funds, citing a spike in payout requests related to the collapse of Bridging Finance Inc. and the resulting tension in private debt markets. The affected funds, which account for about $2.9-billion of Toronto-based […]

PE loses out to Celanese in $11B deal for DuPont unit

© 2022 PitchBook Data February 22, 2022 DuPont has agreed to sell the majority of its mobility and materials business to industrial materials maker Celanese Corp. for $11 billion. The division had attracted interest from private equity firms including Apollo Global Management, The Carlyle Group and Advent International, according to an earlier report from Bloomberg.

Survey reveals “unhealthy” conduct among UK corporate finance firms

THE INDEPENDENT VOICE OF EUROPEAN PRIVATE EQUITY by Simon Thompson21 February 2022 The study exposes conflicts of interest that exist between corporate finance advisers and certain private equity sponsors in the UK mid-market. 94.5 per cent survey respondents say it is not in a client’s best interests for a corporate finance adviser to work on both sides […]

Entain Eyes Further Canadian Gambling Growth with Mohawk Council of Kahnawà:ke

Scoops Up Sports Interaction Owner “Together with Entain’s application for an Ontario licence, this acquisition provides an excellent opportunity to drive further growth, in line with the Group’s growth and sustainability strategy.” Geoff Zochodne Last Updated: Feb 7, 2022 1:54 PM Entain Plc announced Monday it has bought the owner of Canadian bookmaker Sports Interaction, a move […]

Ontario Teachers’ assumes ownership of 870000 acres of sustainable US timberland

Canada News Media Ontario Teachers’ investment vehicle assumes ownership of 870000 acres of sustainable US timberland – Ontario Teachers’ Pension Plan  January 26, 2022 By Megan Johnson   TORONTO, ON – Ontario Teachers’ Pension Plan Board (Ontario Teachers’) is pleased to announce it has completed a redemption transaction, whereby Tamarack Timberlands LLC, an investment vehicle owned […]