The Canadian Press, with files from staff
The Caisse de dépôt et placement du Québec and DP World have signed a US$1.2-billion deal to start the construction of an international container port and industrial logistics park in Indonesia.
Under the agreement with Indonesia’s Maspion Group, the Caisse and DP World said DP World Maspion East Java will become the sole operator of a modern international container port with design capacity of up to three million 20-foot equivalent units.
In a press release, Emmanuel Jaclot, executive vice-president and head of infrastructure at the Caisse, said this is the pension plan’s first infrastructure investment in Indonesia, which he described as a strong growth market that benefits from favourable structural trends. “It also represents an important milestone for our joint platform with DP World, with the addition of a first greenfield port to our portfolio of high-quality assets that have demonstrated their resilience over the past year
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In partnership with Resource Assistance for Youth, Inc., residents are invited to donate new and unused winter clothing essentials until March 7 to support at-risk youth in Winnipeg
WINNIPEG, MB, March 5, 2021 /CNW/ - As Manitoba combats some of the lowest temperatures of the winter season, CF Polo Park is calling on its community to help
Warm up Winnipeg through a winter clothing drive. Local residents will have the opportunity to donate new or unused warm weather items at a designated storefront at CF Polo Park until Sunday, March 7, 2021.
CF Polo Park Warms Up Winnipeg (CNW Group/Cadillac Fairview Corporation Limited)
TricorBraun Acquired by Ares Management and Ontario Teachers’ Pension Plan Board
ST. LOUIS, March 4, 2021 – Global packaging leader TricorBraun (the “Company”) announced today the completion of its previously announced definitive stock purchase agreement with funds managed by Ares Management Corporation’s Private Equity Group (“Ares”) and Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”). Ares and Ontario Teachers’ have acquired a majority interest in the Company.
“We are excited to continue our exceptional growth with Ares and Ontario Teachers’ as our partners,” said Court Carruthers, President and CEO, TricorBraun. “We look forward to working with Ares and Ontario Teachers’ to deliver exceptional service to our customers while continuing to build the best place for the best people in packaging.”
Music Business Worldwide
March 2, 2021
Anthem Entertainment has a lot more money at its disposal.
The acquisitive Canadian music rights and services company – formerly known as Olé Entertainment – has announced that it has secured a new revolving credit facility of USD $400 million, plus a USD $150 million accordion. (An accordion allows a borrower to incrementally increase the amount of its availability under an existing credit facility.)
In addition, the Ontario Teachers’ Pension Plan has pumped an additional undisclosed amount of money into Anthem, taking a bigger equity stake in the business as a result.
A media release said that the Pension Plan had done so to “facilitate the business’s strategy for continued growth”.
A4S launches framework for incorporating climate change into valuations
Joe Pickard March 3, 2021 (Last Updated March 3rd, 2021 12:12)
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Accounting for Sustainability (A4S) has launched a new framework which helps business valuators price climate change risks and opportunities for organisations.
A4S Essential guide to Valuations and Climate Change provides a five-step framework that enables investment and valuation communities to apply climate change risks and opportunities consistently to their valuations and decision making. The aim of the guide is for the integration of climate change into valuations to become accepted practice.
The guide was developed as part of A4S, in partnership with CPA Canada, finance teams from its CFO Leadership Network, global institutional investors and industry experts. Contributing members to this guide include Ontario Teachers’ Pension Plan (OTPP), New Zealand Superannuation Fund, OME