Ontario Teachers’ Acquires a Co-Control Stake in GPA Global
Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”) is pleased to announce its has acquired a co-control stake in GPA Global (“GPA”, or the “Company”) from EQT Private Equity (“EQT”) and other minority shareholders. GPA’s two founders, Tom Wang and Adam Melton, will roll over their respective ownership and continue to lead the Company. Terms of the transaction are not being disclosed.
Mahindra Group and Ontario Teachers’ to form a strategic partnership in the renewable energy space
Mahindra Group and Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”) announced today a strategic partnership to capitalize on the growing renewables opportunity in India and contribute towards the country’s decarbonization ambitions. The parties have signed binding agreements pursuant to which Ontario Teachers’ will acquire a 30% equity stake in Mahindra Susten Private Limited (“Mahindra Susten”) at an equity value of INR 2,371 crore (~USD 300 million).
Deborah Stein and Timothy Hodgson Appointed to Ontario Teachers’ Pension Plan’s Board
Steve McGirr, the Chair of the Ontario Teachers’ Pension Plan, is pleased to announce the appointment of Deborah (Debbie) Stein and Timothy Hodgson to the Board, effective January 1, 2023. Ms. Stein and Mr. Hodgson will succeed John Murray and Bill Chinery, who are retiring after serving their maximum terms as board members.
Ontario Teachers' CEO, Jo Taylor, had the honour of speaking to the Canadian Club of Toronto today about the challenges of navigating the current business environment and setting a new North Star for the Plan.