The Public Service Pension Investment Board is teaming up with real estate investor Bridge Industrial to launch a joint venture targeting logistics properties in the U.K. The pair aim to build a portfolio worth £1 billion ($1.7 billion) by acquiring and developing assets inside high-barrier infill markets in the Greater London and Midlands regions. Read: Caisse […]
General Atlantic
Legal tech investments: Evisort
Growth equity giant General Atlantic, which has invested in buzzy fintech startups like Albert and Chime, made its first foray into legal tech in February, leading the $35 million Series B of Evisort, a contract life cycle management company. Prior to COVID, the legal landscape was a traditional, paper-based industry ripe for disruption, said Alex Crisses, a managing director at the firm. We see the automation of contract management and the utilization of AI in a legal tech capacity as one of the great themes of 2021 and beyond.
General Atlantic looks for investments in technology that are highly differentiated, Crisses told Insider. Crisses said Evisort s tech covers a wide range of use cases, can be speedily implemented, and ultimately delivers strong return on investment. This is a classic
Workers Vote to Strike at Ontario Teachers’ Pension Plan-Owned Wine Rack Stores
Posted on 05/14/2021
On May 10, 2021, 86% of workers at Wine Rack voted in support of a strike action. The workers are members of SEIU Local 2 union. The union say key issues include low wages, basic job security, and fairness are all key issues. Wine Rack is owned by Arterra Wines Canada, Inc., a holding company owned by Ontario Teachers’ Pension Plan. Constellation Brands Canada was subsequently renamed Arterra Wines Canada and was acquired by the Ontario Teachers’ Pension Plan in 2016.
According to a press release by the union on May 11, 2021, “The workers say they are being asked to accept terms that would not address a severe problem with their hours and job security. Current wages and working conditions have resulted in a stunning annual employee turnover rate of 50%. Workers are seeking a deal which will give them the ability to work sufficient hours at a fair wage. Wine Rack has so far
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