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A snapshot of Teachers’ current and past strategic investments: |
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OGX Petróleo e Gás S.A.
In 2007, we backed the EBX Group of Rio de Janeiro in the creation of OGX Petróleo e Gás S.A., an oil and gas exploration and production company in Brazil. We led a $1.3 billion private placement transaction that enabled OGX to successfully acquire 21 of its targeted offshore exploration blocks. OGX is now the second largest oil and gas exploration and production company in Brazil in terms of exploration acreage. We continue to work with the EBX Group and OGX management on strategic, governance and financing initiatives that will position OGX to be successful in the Brazilian oil and gas sector. |
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LLX Logistica S.A.
In 2007, we invested $185 million to acquire a 15% stake in LLX Logistica S.A., a subsidiary of MMX Mineracao e Metalicos S.A. of Brazil. LLX is a South American logistics company currently building three major port systems in the Southeast region of Brazil. We became a significant investor in MMX in July 2006 and worked with MMX management through 2007 in developing a plan to create an independent logistics company to address Brazil’s demand for ports and logistics infrastructure, as well as service the iron-ore handling needs of MMX. |
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MacDonald, Dettwiler and Associates Ltd.
We participated in a consortium, led by CAI Capital Partners, who purchased 52% of the outstanding shares of MacDonald, Dettwiler and Associates Ltd. (MDA) from Orbital Sciences Corporation. The company delivers a broad spectrum of earth and space-based information solutions. We have worked closely with MDA on a variety of strategic, governance and financial initiatives. |
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Sherritt International Corporation
Teachers’ relationship with Sherritt International Corporation (Sherritt) dates back to our combined, unsolicited offer to acquire the units and convertible debt of Luscar Coal Income Fund in 2001. Since that time, we have worked together on several investments. Sherritt is a diversified resource company involved in the production of thermal coal, nickel, cobalt, oil and electricity. |
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Nexen Inc.
Nexen is an independent, Canadian-based global energy company with operations in Alberta, the North Sea, the Gulf of Mexico, the Middle East and offshore West Africa. Along with Canadian Occidental Petroleum, we agreed to purchase 50% of Canadian Occidental from its parent company, Occidental Petroleum in 2000 and became the company’s largest shareholder when the deal closed. The new, independent company was renamed Nexen Inc. shortly thereafter. |
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WestJet Airlines Ltd.
WestJet Airlines Ltd. is Canada’s leading low-cost airline offering scheduled service throughout its North American network. WestJet pioneered low-cost high-value flying in Canada and has been named one of the country’s most respected corporations for customer service. We were an early financial backer of WestJet and worked with the company on strategic, governance and financing initiatives. |
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Maple Leaf Foods Inc.
We acquired interest in Maple Leaf Foods Inc. in 1995 and have worked closely with management and the board to improve the capital structure and maximize shareholder value. The company is a leading Canadian consumer packaged foods company committed to delivering quality food products to consumer around the world and has operations across Canada and in the U.S., U.K. and Asia. |
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Disclaimer
Links to other sites are provided as references to help you identify and locate resources of interest. The links should not be construed as an endorsement by Ontario Teachers’ Pension Plan of the services, products or information provided on the linked sites. Ontario Teachers’ Pension Plan assumes no liability or responsibility for the content, accuracy or appropriateness of the links or of any material contained on the linked sites. |
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