By Edward Devlin2021-05-13T12:58:00+01:00
Former Burton’s CEO Ben Clarke is working with Bain on an offer for the Wagon Wheels and Jammie Dodgers maker
PE giant Bain Capital is eyeing a takeover of Burton’s Biscuits as it seeks to double down on the UK ambient food industry following its buyout of Valeo Foods Group this week.
The Boston-based investor is among the final suitors for the UK’s second-largest biscuit manufacturer as the auction run by investment bank Stamford Partners races towards a conclusion, The Grocer has learned.
Former Burton’s CEO Ben Clarke is working with Bain, which has more than $130bn in assets under management, on an offer for the Wagon Wheels and Jammie Dodgers maker.
Ontario Teachers? Plan Acquires Brazilian Electricity Transmission Firm Evoltz
By Firtsname Lastname Title | Company, if any
The purchase from asset manager TPG nets the pension fund seven electricity lines in 10 Brazilian states.
TORONTO - The Ontario Teachers’ Pension Plan has acquired Evoltz Participações, an electricity transmission firm in Brazil, from US asset manager TPG.
The retirement system took a 100% stake in the energy firm, Ontario Teachers’ said Monday. The acquisition has netted the pension fund seven electricity transmission lines that service consumers and businesses across 10 states in Brazil. The firm was founded by TPG just three years ago.
“Our strategy focuses on allocating significant capital to high-quality core infrastructure assets with lower risks and stable inflation-linked cash flows,” Dale Burgess, senior managing director of infrastructure and natural resources at Ontario Teachers, said in a statement. “Electricity transmission
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TORONTO, May 11, 2021 (GLOBE NEWSWIRE) Wine Rack workers voted 86% in support of strike action yesterday. The workers, members of SEIU Local 2, say low wages, basic job security and fairness are all key issues. Wine Rack is owned by the Ontario Teacher’s Pension Plan through one of its holdings, Arterra Wines Canada.
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 refused to provide workers with this basic level of dignified work. In addition, management has proposed a Manager-in-Training program which workers say is a thinly veiled scheme to further erode their hours, if not eviscerate their union altogether.
Ontario Teachers’ Plan Acquires Brazilian Electricity Transmission Firm Evoltz
The purchase from asset manager TPG nets the pension fund seven electricity lines in 10 Brazilian states.
The Ontario Teachers’ Pension Plan has acquired Evoltz Participações, an electricity transmission firm in Brazil, from US asset manager TPG.
The retirement system took a 100% stake in the energy firm, Ontario Teachers’ said Monday. The acquisition has netted the pension fund seven electricity transmission lines that service consumers and businesses across 10 states in Brazil. The firm was founded by TPG just three years ago.
“Our strategy focuses on allocating significant capital to high-quality core infrastructure assets with lower risks and stable inflation-linked cash flows,” Dale Burgess, senior managing director of infrastructure and natural resources at Ontario Teachers, said in a statement. “Electricity transmission businesses are particularly attractive given their impo
AlleyWatch
Armed with some data from our friends at CrunchBase, I broke down the largest global startup funding rounds for April 2021. I have included some additional information such as industry, round type, a brief description of the company, investors in the round, company location, and total equity funding raised for the company to further the analysis.
Round: Series D
Description: New York-based Capsule is a healthcare technology business rebuilding the pharmacy from the inside out Founded by Eric Kinariwala in 2016, Organization Name has now raised a total of $570.0M in total equity funding and is backed by investors that include T. Rowe Price, Sound Ventures, TCV, Global Founders Capital, and M13.