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| | Teachers' completes purchase of controlling interest in Esval S.A.
Teachers' has completed the purchase of 69.4% of shares in Chilean water services operator Esval S.A. and its subsidiary Aguas del Valle, S.A., for C$570 million (US$570 million). español
December 24‚ 2007 | |
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| | Teachers' announces $138 million Biovail settlement
The Ontario Teachers’ Pension Plan Board (OTPP) today announced that a $138 million cash settlement agreement has been reached in the securities fraud class action against Biovail Corporation and certain of its officers.
December 11‚ 2007 | |
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| | $3-million Ivey scholarship program honours retiring pension leader Claude Lamoureux
TORONTO (November 23, 2007): In celebration of retiring Ontario Teachers' Pension Plan President and CEO Claude Lamoureux's career, friends and colleagues have donated $1 million to foster his exemplary business values in the next generation of leaders. The Richard Ivey School of Business, at The University of Western Ontario, is honoured to be the recipient of this generous gift, which, with matching government funding, will result in a $3-million student scholarship endowment in Mr. Lamoureux's name.
November 23‚ 2007 | |
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| | George A. Cope to become CEO of BCE and Bell Canada upon close of acquisition by investor group
Teachers’ Private Capital, the private investment arm of the Ontario Teachers’ Pension Plan, Providence Equity Partners Inc., and Madison Dearborn Partners, LLC, today announced that George A. Cope will assume the role of Chief Executive Officer (CEO) of BCE and Bell Canada upon closing of the group’s pending acquisition of the Company.
October 17‚ 2007 | |
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| | Teachers' to Acquire Glass, Lewis & Co.
Teachers' today acquired leading investment research and governance services provider Glass, Lewis & Co. The San Francisco-based company was purchased for US$46 million from Xinhua Finance Limited of Shanghai.
October 5‚ 2007 | |
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| | Teachers' and Australian partner complete acquisition of 48.25% stake in Birmingham Airport
Airport Group Investments Ltd. (AGIL), a limited company owned by the Teachers' and Australia’s Victorian Funds Management Corp. (VFMC), now owns a 48.25% interest in Birmingham International Airport.
September 19‚ 2007 | |
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| | Distinguished pension plan leader Claude Lamoureux retiring; Private Capital chief Jim Leech to take reins
Eileen Mercier, Chair, today announced that Claude Lamoureux will retire as President and Chief Executive Officer of the Ontario Teachers’ Pension Plan (Teachers’) at the end of 2007. Jim Leech, currently Senior Vice-President, Teachers’ Private Capital, has been appointed his successor, effective December 1, 2007.
September 5‚ 2007 | |
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| | Ontario Teachers' Pension Plan completes purchase of interests in Chilean water utilities
The Ontario Teachers’ Pension Plan has completed its purchase of interests in Empresa de Servicios Sanitarios del Bio-Bio S.A. and Aguas Nuevo Sur Maule, S.A., two water utilities representing 20 per cent of regulated water and wastewater services in Chile. español
August 27‚ 2007 | |
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| | Teachers' to acquire Chile's third largest water/wastewater company
The Ontario Teachers' Pension Plan (Teachers') has agreed to acquire up to 100 per cent of Esval S.A., a public water and wastewater company in Central Chile. español
August 10‚ 2007 | |
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| | Teachers’ and partners remain committed to terms of BCE transaction
Officials at Ontario Teachers’ Pension Plan stated in response to media inquiries today that they, along with their partners Providence Equity Partners Inc. and Madison Dearborn Partners, LLC, remain committed to the terms of the definitive agreement reached on June 30 that would see the investment partners acquire BCE.
August 10‚ 2007 | |
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| | Teachers' Private Capital completes acquisition of Dynea North America
Teachers’ Private Capital, the private investment arm of the Ontario Teachers’ Pension Plan, has completed its purchase of Dynea North America from Dynea Chemicals OY of Finland. Financial details of the transaction are not disclosed.
July 11‚ 2007 | |
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| | CVC to acquire Samsonite, including Teachers' share
Samsonite Corporation (OTC Bulletin Board: SAMC.OB), one of the world’s largest designers, manufacturers, distributors and marketers of luggage, casual bags, business cases and travel-related products today announced that it has entered into a definitive merger agreement to be acquired by funds managed and advised by CVC Capital Partners (“CVC”), a leading global private equity firm. The all-cash transaction is valued at approximately $1.7 billion, including the assumption of debt. Teachers has been a part owner of Samsonite since 2003.
July 5‚ 2007 | |
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| | BCE reaches definitive agreement to be acquired by investor group led by Teachers', Providence and Madison
BCE (TSX/NYSE: BCE) today announced that the company has entered into a definitive agreement for BCE to be acquired by an investor group led by Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan, Providence Equity Partners Inc. and Madison Dearborn Partners, LLC. The all-cash transaction is valued at C$51.7 billion (US$48.5 billion), including C$16.9 billion (US$15.9 billion) of debt, preferred equity and minority interests. The BCE Board of Directors unanimously recommends that shareholders vote to accept the offer.
June 30‚ 2007 | |
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| | Teachers' named Public Pension Fund Investor of the Year
Alternative Investment News Announces Winners for 5th Annual Hedge Fund Industry Awards. The awards recognize the hedge fund leaders, managers and investors who have made significant impacts on the hedge fund industry in the past year. Winners were announced and awarded at an annual gala dinner last night at New York City’s historic Gotham Hall.
June 28‚ 2007 | |
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| | Teachers' closes New York Container Terminal Deal
The Ontario Teachers’ Pension Plan (Teachers’) has completed its purchase of the New York Container Terminal on Staten Island, New York. The New York facility is the last of four marine container terminals to be purchased by Teachers’ from Hong Kong’s Orient Overseas (International) Ltd. for $2.4 billion US.
June 9‚ 2007 | |
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| | Teachers' and Victorian Funds Management agree to buy 48.25% stake in Birmingham Airport
Airport Group Investments Ltd. (AGIL), a limited company owned by the Ontario Teachers' Pension Plan (Teachers') and Victorian Funds Management Corp. (VFMC), has entered into a conditional agreement to acquire a 48.25% interest in Birmingham International Airport for £420 million ($918 Cdn).
May 17‚ 2007 | |
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| | Teachers' to acquire interests in two Chilean water companies
Teachers' announced it has agreed to acquire interests in two water supply, distribution and wastewater services companies in central Chile. The amount of the entire transaction is undisclosed. español
May 15‚ 2007 | |
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| | London office positions Teachers' Private Capital for international investment opportunities
Teachers’ Private Capital has opened a London office – its first outside of Canada – for enhanced access to European and international private equity opportunities.
May 10‚ 2007 | |
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| | Teachers' encouraged by commencement of BCE process
Teachers' is encouraged that BCE's Board has decided to undertake a process to review strategic alternatives to enhance shareholder value.
April 17‚ 2007 | |
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| | Letter confirms Teachers' US$57 million commitment for long term investment, growth in Port of New York and New Jersey
Teachers' today sent a joint letter with Orient Overseas (International) Limited to the Port Authority of New York and New Jersey ("Port Authority") confirming its commitment to long-term investment, economic development and job growth in the Port of New York and New Jersey.
April 16‚ 2007 | |
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| | Teachers' board member resigns
Thomas C. O’Neill has tendered his resignation as a member of the board, effective immediately. Mr. O’Neill cited a position of conflict, given that he also sits on the board of BCE Inc.
April 11‚ 2007 | |
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| | Teachers' 2006 investment income totals $12.3 billion
The Ontario Teachers’ Pension Plan today announced that the fund’s net assets increased to $106.0 billion in 2006, compared to $96.1 billion in 2005. The pension plan’s one-year rate of return was 13.2%, compared to its 9.4% composite benchmark.
March 26‚ 2007 | |
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| | Teachers' Private Capital and CCMP Capital Asia acquire Yellow Pages Group from Telecom Corp of New Zealand
TCCMP Capital Asia (“CCMPA”) and Teachers’ Private Capital (“TPC”), the private investment arm of the Ontario Teachers’ Pension Plan, today announced their 50:50 joint acquisition of Telecom Corp. of New Zealand's (“TCNZ’s”) directories business.
March 26‚ 2007 | |
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| | Teachers' named "Savviest Public Plan of the Year" at Money Management Letter's 6th Annual Public Pension Fund Awards
The awards recognized public pension plans, consultants, marketers and asset management firms who made significant impacts on the industry in 2006. At the awards dinner and ceremony, the publisher of Money Management Letter recognized technology solutions providers, public funds and other key industry participants for technology projects, innovations and implementations that are helping to advance public pension fund administration.
March 12‚ 2007 | |
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| | Corporate governance gurus to be recipients of this year's Ivey Business Leader Award
Claude Lamoureux, President & CEO, and Bob Bertram, Executive Vice-President, Investments, will receive this year's Ivey Business Leader Award at a gala dinner on October 3rd, 2007.
March 7‚ 2007 | |
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| | Teachers' invests $266 million in Richardson Agricore, welcomes grain producers' input
Agricore United (TSX:AU) and James Richardson International Limited (“JRI”) announced today that they have agreed to combine to create Canada's largest grain company and a leading global Canadian agri-business.
February 21‚ 2007 | |
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| | Accomplished transportation industry exec chairs GCT Global Container Terminals Inc. board of directors
Paul M. Tellier, former Chief Executive Officer of Canadian National Railway and Bombardier Inc., has been appointed Chairman of the Board of GCT Global Container Terminals Inc., an Ontario Teachers’ Pension Plan private investment company.
February 20‚ 2007 | |
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| | GCT Global Container Terminals Inc. announces executive appointments
Captain Norman Stark has been appointed Chief Executive Officer of GCT Global Container Terminals Inc., the newly-named marine terminal corporation acquired recently by Ontario Teachers’ Pension Plan (Teachers’). Joining Captain Stark as the corporation’s Chief Financial Officer is Brian Pettipas, CA, CBV.
February 20‚ 2007 | |
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| | Teachers' and Ares Management LLC to acquire GNC -- Pair purchasing the largest global specialty retailer of health and wellness products
The private investment groups of each of Ares Management LLC and the Ontario Teachers’ Pension Plan announced today that they have signed a definitive agreement to acquire GNC Parent Corporation, the parent company of General Nutrition Centers, Inc., which is currently controlled by an affiliate of Apollo Management, L.P. The total enterprise value for the transaction is US$1.65 billion, subject to certain adjustments.
February 9‚ 2007 | |
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| | Teachers' and CPP Investment Board launch private equity fund in Turkey
Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan, and the Canada Pension Plan Investment Board announced today that they have jointly led the establishment of Actera Partners, the largest private equity fund to date exclusively focused on investment opportunities in the Republic of Turkey. As cornerstone investors, the two institutions have committed €75 million each to Actera Partners.
February 6‚ 2007 | |
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| | Teachers' closes New Jersey and Vancouver segments of marine container terminal deal
Teachers' today announced that, with all regulatory approvals received, it has completed its purchase of the first three of four marine container terminals in North America from Orient Overseas (International) Limited of Hong Kong.
January 11‚ 2007 | |
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