TEACHERS

THE ONTARIO TEACHERS PENSION FUND

Three bidders vying for Ontario's prized $3.3B lotto

Rogers Communications, the Ontario Teachers’ Pension Plan, and GTECH-Scientific Games are the only qualified bidders in the now-closed auction for Ontario Lottery and Gaming’s lotto, sources say.

Ontario Teachers' Pension Plan agrees to acquire Bridon Limited

Canada NewsWire (press release)-Oct 13, 2014

ONE of Yorkshire’s oldest industrial companies has been sold for £365m.

Melrose Industries has signed an agreement for the disposal of Doncaster-based Bridon to the Ontario Teachers’ Pension Plan (OTPP). 

Bridon was founded in 1924 and recorded total sales last year of £266.4m.

It can trace its roots back to a rope works which was established in Doncaster in 1789.

Ontario Teachers becomes sole owner of Bristol Airport
Reuters UK-Sep 17, 2014





Teachers’, PSP Investments invest in logistics firm

Ontario Teachers’ Pension Plan, PSP Investments and GIC, Singapore’s sovereign wealth fund, have agreed to invest a total of US$700 million in XPO Logistics to accelerate the company’s growth strategy. The Connecticutt-based company will receive all of the net proceeds, which it intends to use primarily for unspecified acquisitions

Canadian Public Servants' Pensions Invested in XPO Logistics 

Freight transportation services provider XPO Logistics is looking to expand its business and a good portion of the $700 million invested is coming from some Canadians’ pension plans.

The Public Sector Pension (PSP) Investment board, GIC and the Ontario Teachers’ Pension Plan will invest a total of $700 million in XPO, which provides freight brokerage, expedited transportation and freight forwarding services.

PSP Investments manages pension funds of Canada’s public service workers, Canadian Forces and the Royal Canadian Mounted Police. GIC manages Singapore’s foreign reserves.

Eurostar stake put up for sale by government

Sell-off is part of a £20bn privatisation push aimed at reducing Britain’s debt pile

Infrastructure, pension and insurance funds are all likely bidders for Eurostar, which reported a 7pc increase in revenues last year to £857m and a 4pc rise in operating profit to £54m, helped by an increase in business travellers.

The company also paid £18.6m in dividends last year as it finally hit the 10m passenger-a-year milestone it had originally been expected to reach by the end of 1997.

Ardian, the private equity company spun out of French insurer Axa and Paris-based Antin Infrastructure Partners are reportedly in the running, while the Canadian pension fund owners of the HS1 rail link may also consider a bid. The Ontario Teachers’ Pension Plan and Borealis Infrastructure operate the line from the Channel Tunnel to St Pancras in London and have expressed an interest in bidding for HS2 if it is offered up to the private sector.

Grupo BTG Pactual (BBTG11), billionaire Andre Esteves’s investment bank, hired William Royan from Ontario Teachers’ Pension Plan to start an equities unit in London as it expands its asset-management operations.

BTG Pactual is building up an equities business in London as the Brazilian lender makes its latest foray into the domain of global asset managers and investment banks.

The bank, run by Brazilian billionaire André Esteves, has hired a senior investment manager from one of the world’s largest institutional investors to run the business.

William Royan, former head of the relationship investing team at the Ontario Teachers’ Pension Plan, joined BTG last week to set up an equities business within the bank’s international asset management arm.

Huw Jenkins, head of BTG's international arm, confirmed the news. “We are delighted that Bill has joined BTG in London to build an equities business that will target high returns and invest on a global basis," he told the Financial Times.

The move comes on the heels of its latest deal to buy BSI, the Swiss private bank, in a transaction that doubles the Brazilian bank’s assets under management to more than $200bn and opens doors to an expansion in Asia.

The bank, which during Brazil’s economic heyday went by the moniker “Better Than Goldman”, has been on a global hiring and buying spree since its almost $2bn initial public offering in 2012.