Opérations et transactions|5 mars 2013
CPPIB acquires food assets in secondary deal
Torys acted as Canadian regulatory and U.S. tax counsel for Canada Pension Plan Investment Board with a team that included John Cameron (regulatory), Peter Keenan and Ari Feder (U.S. tax).
On March 5, 2013 Canada Pension Plan Investment Board (CPPIB) announced that it completed a secondary transaction whereby CPPIB will invest the capital required to acquire a portfolio of primarily food assets through a special purpose vehicle. The assets are being acquired from the Texas-based private equity firm, HM Capital Sector Performance Fund (HM Capital), and related co-investors for US$468 million.
CPPIB will also commit US$138 million in a newly-formed private equity fund, Kainos Capital Partners. HM Capital will manage both the assets that CPPIB has acquired as well as manage the Kainos Capital fund that will focus on investments in the food sector.
CPPIB is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 18 million Canadian contributors and beneficiaries.
Further information can be found on peHUB's website.
CPPIB will also commit US$138 million in a newly-formed private equity fund, Kainos Capital Partners. HM Capital will manage both the assets that CPPIB has acquired as well as manage the Kainos Capital fund that will focus on investments in the food sector.
CPPIB is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 18 million Canadian contributors and beneficiaries.
Further information can be found on peHUB's website.