In a landmark deal, Axel Springer, owner of Politico and Bild, has agreed to a €13.5 billion split with private equity firm KKR, shaking up the European media sector. The move will divide Axel Springer’s profitable classifieds business from its media operations, allowing the company to focus on its digital news expansion, particularly in the […]
Wolf Midstream has announced a final investment decision (FID) to proceed with the nearly C$1 billion ($730 million) NGL North Phase Two project in Alberta, Canada, marking a significant expansion in the region’s natural gas liquids (NGL) production capabilities. This strategic expansion aims to enhance the capacity of Wolf Midstream’s existing NGL North System, which […]
ALLETE, Inc., a prominent energy company known for its commitment to clean energy and reliable services, has entered into a definitive agreement for its acquisition by a partnership led by Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP). The agreement stipulates a purchase price of $67.00 per share in cash, valuing […]
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 […]
EDF Renewables, EIH Sarl, and CPP Investments announced that the 480MW Saint-Nazaire offshore wind farm, France’s first commercial-scale offshore wind project is now fully operational. The Saint-Nazaire offshore wind project is anticipated to help the French State’s energy transition goal of generating 32% of its electricity from renewable sources by 2030. The French offshore wind […]
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 […]