CPPIB
Asian club deals: Big ambitions
A resurgence in club deal activity has proven symptomatic of the evolution of Asia's private equity buyout market. But while the structure and the nature of deals has changed, the underlying rationale remains fixed
CPPIB's Asia PE portfolio grows 24% to reach $9.9b
Canada Pension Plan Investment Board (CPPIB) increased its exposure to Asian private equity by almost one quarter over the 12 months ended March 2017. The portfolio reached C$13.4 billion ($9.9 billion) as the pension plan made five direct investments...
Apax sells 48% stake in GlobalLogic to CPPIB
Apax Partners has sold a 48% stake in GlobalLogic, an IT outsourcing company founded by several Indian entrepreneurs and which continues to have a sizeable presence in the country, to Canada Pension Plan Investment Board (CPPIB).
MBK closes fourth North Asia fund at $4.1b
MBK Partners has reached a first and final close on its fourth North Asia-focused buyout fund at $4.1 billion, a significant step up from the $2.7 billion it raised for Fund III.
CPPIB appoints Suyi Kim Asia head, names new regional PE lead
Canada Pension Plan Investment Board (CPPIB) has named Suyi Kim and Deborah Orida as managing director, head of Asia and managing director, head of private equity Asia, respectively.
CPPIB names Asia, international head Mark Machin as CEO
Mark Machin, head of international and Asia president at Canada Pension Plan Investment Board (CPPIB), will become the pension fund’s next global president and CEO. The appointment comes as CPPIB’s annual report indicates a continued ramp up in its...
Brookfield, Qube consider joint Asciano bid
A Brookfield Asset Management-led consortium and a group led by Qube Holdings that includes Canada Pension Plan Investment Board (CPPIB) and China Investment Corporation (CIC) are considering a joint A$9 billion ($6.5 billion) bid for Australian rail...
CPPIB, Temasek join $7b pre-IPO round for China's PSBC
Canada Pension Plan Investment Board (CPPIB) and Temasek Holdings have participated in a RMB45.1 billion ($7.5 billion) pre-IPO funding round for The Postal Savings Bank of China (PSBC)
MBK consortium to buy Tesco's Homeplus in $6.4b deal
A consortium led by MBK Partners has agreed to buy Homeplus – Tesco’s South Korea unit – at an enterprise valuation of GBP4.2 billion ($6.4 billion). Canada Pension Plan Investment Board (CPPIB) will contribute $534 million to the deal. Other co-investors...
VIDEO: CPPIB's Mark Machin
Canada Pension Plan Investment Board (CPPIB) is one of few North American LPs to set up an office in Asia and Mark Machin, the group's head of international and Asia president, admits it is not for everyone
KKR, Anchor buy controlling stake Korea's Ticket Monster
A consortium led by KKR and Anchor Equity Partners has agreed to buy a controlling stake in South Korean mobile e-commerce company Ticket Monster from US-listed Groupon for $360 million.
Australian infrastructure: Greenfield gambit
Sydney's cross city tunnel entered voluntary administration in September 2013 after failing to refinance its debt. The project launched eight years earlier but slipped into insolvency in 2006 due to low traffic volumes.
CPPIB, QIC back $2.3b Sydney infrastructure project
Canada Pension Plan Investment Board (CPPIB) and Queensland Investment Corporation (QIC) are part of a consortium alongside toll road operator Transurban Group that is backing Sydney’s A$2.9 billion ($2.3 billion) NorthConnex tunnel project.
CPPIB, Longfor set up JV to invest in Suzhou commercial property
Canada Pension Plan Investment Board (CPPIB) has formed a joint venture with Chinese real estate developer Longfor Properties to invest in a mixed-used project in Jiangsu province, China.
Hony, Goldman lead investment in Neusoft medical device units
A consortium including Hony Capital, Goldman Sachs and Canada Pension Plan Investment Board (CPPIB) has agreed to invest $610 million in two medical device subsidiaries owned by Neusoft Corporation, a Chinese IT services provider.
Goodman, CPPIB boost investment in China logistics joint venture
Canada Pension Plan Investment Board (CPPIB) and Goodman Group have invested a further $500 million in their China logistics joint venture, taking the total equity commitment to $2 billion.
India infrastructure: Building confidence
Private equity is expected to play a significant role in India's infrastructure development, but regulatory constraints and disappointing returns are a turn-off for investors. Reform is required
Canada's CPPIB commits $322m to Indian infrastructure
Canada Pension Plan Investment Board (CPPIB) has agreed to invest INR20 billion ($322 million) in L&T Infrastructure Development Projects, a subsidiary of India’s largest engineering and construction company, Larsen & Toubro.
LP interview: Canada Pension Plan Investment Board
Canadian Pension Plan Investment Board has established a sizeable presence in Asia and is making ever larger commitments to GPs in the region. But Mark Machin, the fund’s Asia president, says it is still early days
Piramal, CPPIB form $500m realty finance fund
India's Piramal Enterprises is to form a $500 million realty debt fund with CPPIB Credit Investments,, a subsidiary of the Canada Pension Plan Investment Board (CPPIB).
Australia’s CPA rejects $2.6b takeover bid from CPPIB, Dexus
The Commonwealth Property Office Fund (CPA) has rejected a A$2.7 billion ($2.6 billion) takeover bid from the Canada Pension Plan Investment Board (CPPIB) and Dexus Property Group (DXS) to acquire the trust's Australian office portfolio.
The case for an LP presence in Asia
Time zones are a thorn in the side of LPs seeking to be more than just passive capital providers and participate more fully in GP relationships. The reality for the North American contingent that still meets the bulk of Asian managers’ capital needs...
CPPIB prefers India to China as infrastructure play
Canada Pension Plan Investment Board (CPPIB) expects to make more progress in Indian infrastructure as opportunities in the sector in China are limited by the availability of cheap finance, which enables local governments to develop projects without foreign...
CPPIB targets larger deals, wants to boost emerging markets exposure
Canada Pension Plan Investment Board (CPPIB) is looking to target larger, more complex acquisitions as part of a wider strategy to increase exposure to emerging markets, particularly China. Mark Wiseman, the plan’s CEO, made the observations as CPPIB...