WSP Global Inc. (TSX: WSP) has made a significant move in the energy sector by announcing its acquisition of Power Engineers, Incorporated (POWER) for USD 1.78 billion (approximately CAD 2.44 billion). This acquisition, unanimously approved by both companies’ boards, is set to enhance WSP’s capabilities in the Power & Energy (P&E) sector and aligns with […]
Silver Lake, together with its co-investors and the Canada Pension Plan Investment Board (CPP Investments), has finalized the previously announced all-cash acquisition of Qualtrics International, a deal valued at $12.5 billion. Announced in March 2023, this move takes the US-based experience management (XM) software company private and discontinues the trading of Qualtrics’ common stock on […]
Private equity firm Silver Lake and Canada Pension Plan Investment Board (CPP Investments) will acquire Qualtrics, a cloud-native experience management (XM) software provider, for $12.5 billion in cash. The transaction complements Qualtrics’ strategy of building the next great enterprise cloud software platform. Post-closing, Qualtrics will become an independent, privately held company and will cease to […]
Larsen & Toubro (L&T) said that it has signed a deal to sell its entire stake of 51% in L&T Infrastructure Development Projects Limited (L&T IDPL) to a portfolio company of Infrastructure Yield Plus II, for a price of around INR 2,723 crores. The sale aligns with Larsen & Toubro’s strategy of lessening its exposure […]
Larsen & Toubro (L&T) and Canada Pension Plan Investment Board (CPP Investments) have agreed to sell L&T Infrastructure Development Projects Limited (L&T IDPL) to Infrastructure Yield Strategy, a platform backed by Edelweiss Alternatives. The consideration for the deal is around INR 6,000 crores. The portfolio of L&T Infrastructure Development Projects includes eight roads and a […]
Indian retail mall developer Phoenix Mills Limited (PML) has inaugurated the Phoenix Citadel mall in Indore, Madhya Pradesh. Located at MR 10 Junction, the Phoenix Citadel shopping mall has been built by Phoenix Mills Limited in partnership with Canada Pension Plan Investment Board (CPP Investments) under their first joint venture. Built over 19 acres of […]
FNZ, a New Zealand-based wealth management platform, has raised $1.4 billion in new equity funding from Canada Pension Plan Investment Board (CPP Investments) and Motive Partners. Through the new fundraising round, the Kiwi financial services company has taken its valuation to more than $20 billion. Currently, FNZ is said to work with more than 650 […]
Cyber security company McAfee has signed a deal worth over $14 billion to be acquired by an investor consortium led by Advent International and others. The other investors in the buying group are Permira Advisers, Canada Pension Plan Investment Board (CPP Investments), Crosspoint Capital Partners, GIC Private Limited, and a fully-owned subsidiary of the Abu […]
Indian e-commerce giant Flipkart has raised $3.6 billion from a new funding round to take its valuation to $37.6 billion. The new funding round of Flipkart was led by Singaporean sovereign fund – GIC, SoftBank Vision Fund 2, Canada Pension Plan Investment Board (CPP Investments), and retail giant Walmart. Sovereign funds DisruptAD, Khazanah Nasional Berhad, […]
British supermarket chain Morrison Supermarkets (Morrisons) has accepted a takeover bid of £6.3 billion ($8.7 billion) from a group led by Fortress Investment Group, a subsidiary of Japan’s SoftBank Group. Joining Fortress Investment in the proposal are Canada Pension Plan Investment Board and Koch Real Estate Investments. Shareholders of Morrisons will be offered 254 pence […]