Canada Pension Plan Investment Board Mergers and Acquisitions Summary

Financial Services Company

Canada Pension Plan Investment Board has acquired 41 companies, including 30 in the last 5 years. A total of 18 acquisitions came from private equity firms. It has also divested 9 assets.

Canada Pension Plan Investment Board’s largest acquisition to date was in 2018, when it acquired Refinitiv for $20.0B. It’s largest disclosed sale occurred in 2019, when it sold Refinitiv to London Stock Exchange Group for $27.0B. Canada Pension Plan Investment Board has acquired in 9 different US states, and 9 countries. The Company’s most targeted sectors include utilities (11%) and real estate (11%).

Join Mergr and gain access to Canada Pension Plan Investment Board’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

M&A Summary

  • M&A Total Activity36
    • M&A Buy Activity29
    • M&A Sell Activity7
  • Total Sectors Invested 20
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 49
  • M&A Advisors 13

Canada Pension Plan Investment Board

One Queen Street East, Suite 2500,
Toronto, Ontario M5C 2W5
Canada,
416-868-4075
www.cppib.com

The Canada Pension Plan Investment Board manages, as of June 30 2013, over $188 billion in investment assets for the Canada Pension Plan on behalf of eighteen million Canadians.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (3.8/yr) # 10 4 6 5 4 - 29
vol $25.5B $4.9B $11.1B $23.1B $9.5B $74.1B
Sell (0.8/yr) # 3 - - - 4 - 7
vol $7.0B $34.7B $41.7B
  36

Most Recent M&A

Company Date Value Type
Pattern Energy Group LP 2019-11-04 6.1B USD Add-on Acquisition
San Francisco, California · www.patternenergy.com
Interparking SA 2019-10-23 - Stake Purchase
Bruxelles, Belgium · www.interparking.be
Refinitiv 2019-08-01 27.0B USD Add-on Acquisition
New York, New York · www.refinitiv.com
Liberty Living Plc 2019-07-03 988M CAD Add-on Acquisition
London, United Kingdom · www.libertyliving.co.uk
Premium Brands Holdings Corp. 2019-05-21 - Stake Purchase
Richmond, British Columbia · www.premiumbrandsholdings.com
Acelity LP, Inc. 2019-05-02 6.7B USD Add-on Acquisition
San Antonio, Texas · www.acelity.com
Aqua America, Inc. 2019-03-29 - PIPE
Bryn Mawr, Pennsylvania · www.aquaamerica.com
Inmarsat Group Ltd. 2019-03-25 3.4B USD Going Private
London, United Kingdom · www.inmarsat.com
Companhia Energética de São Paulo 2018-10-19 26M RUB Add-on Acquisition
Sao Paulo, Brazil · www.cesp.com.br
Sportradar AG 2018-07-09 2.4B USD Secondary Buyout
St. Gallen, Switzerland · www.sportradar.ag
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Sportradar AG 2018-07-09 Optima Gaming 2019-10-11 1
St. Gallen, Switzerland · www.sportradar.ag Seville, Spain · www.optimagaming.com
Calpine Corp. 2017-08-18 Calpine Corp. - Two Contracted Power Plants 2019-04-11 1
Houston, Texas · www.calpine.com Houston, Texas
Informatica Corp. 2015-04-07 AllSight, Inc. 2019-02-28 1
Redwood City, California · www.informatica.com Toronto, Ontario · www.allsight.com
Petco Animal Supplies, Inc. 2015-11-23 PIQ LLC 2018-01-30 3
San Diego, California · www.petco.com , California
Petco Animal Supplies, Inc. 2015-11-23 PupBox 2017-11-15 2
San Diego, California · www.petco.com San Francisco, California · www.pupbox.com
Petco Animal Supplies, Inc. 2015-11-23 PetCoach, Inc. 2017-04-04 1
San Diego, California · www.petco.com Plymouth Meeting, Pennsylvania · www.petcoach.co
Wilton Re Holdings Ltd. 2014-03-21 Continental Assurance Company 2014-08-01 1
Norwalk, Connecticut · www.wiltonre.com Chicago, Illinois

M&A by Sector

Sector Buy # Value Sell # Value
Real Estate 3 (10%) 1.7B (2%) 1 (14%) 988M (2%)
Utilities 3 (10%) 5.6B (8%) - -
Information Services 2 (7%) 22.4B (30%) 1 (14%) 27.0B (65%)
Medical Products 1 (3%) 6.3B (9%) 2 (29%) 6.7B (16%)
Education 2 (7%) 4.3B (6%) - -
Information Technology 2 (7%) 5.3B (7%) - -
Insurance 2 (7%) 2.9B (4%) - -
Renewable Energy 2 (7%) 6.8B (9%) - -
Electrical Equipment 1 (3%) 5.0B (7%) 1 (14%) 5.4B (13%)
Engineering 1 (3%) 1.1B (1%) 1 (14%) 1.6B (4%)
Agriculture 1 (3%) 2.5B (3%) - -
Business Services 1 (3%) - - -
Communications 1 (3%) 3.4B (5%) - -
Financial Services 1 (3%) - - -
Food 1 (3%) - - -
Leisure 1 (3%) 1.3B (2%) - -
Marine 1 (3%) - - -
Oil/Gas Exploration 1 (3%) 900M (1%) - -
Retail 1 (3%) 4.6B (6%) - -
Transportation 1 (3%) - - -
Consumer Services - - 1 (14%) -
Total 29 $74.1B 7 $41.7B

By Geo

State/Country Buy Value Sell Value
United States 16 58.6B 5 40.7B
  Texas 4 14.2B 3 8.3B
  California 4 16.0B - -
  Colorado 2 5.9B 1 5.4B
  New York 1 20.0B 1 27.0B
  Virginia 1 - - -
  Pennsylvania 1 - - -
  Massachusetts 1 - - -
  Florida 1 689M - -
  Connecticut 1 1.8B - -
United Kingdom 4 5.0B 1 988M
Spain 2 1.3B - -
Switzerland 2 4.9B - -
Belgium - - 1 -
Brazil 1 26M - -
Canada 1 - - -
  British Columbia 1 - - -
China 1 - - -
Hong Kong 1 4.3B - -
India 1 - - -
Domestic 1 (3%) - - -
Cross-border 28 (97%) 74.1B (100%) 7 (100%) 41.7B (100%)
Total 29 $74.1B 7 $41.7B

Top M&A Advisors

Financial Deals
Morgan Stanley
2
Barclays Investment Bank
1
Lazard Ltd.
1
Legal Deals
Torys LLP
2
Simpson Thacher & Bartlett LLP
2
Gibson, Dunn & Crutcher LLP
1

Deal Values

buy # Total
> $1B 16 $72.0B
$100M to $1B 3 $2.1B
< $100M 1 $26M
TOTAL $74.1B
Largest Refinitiv
$20.0B (2018-01-30)
sell # Total
> $1B 4 $40.7B
$100M to $1B 1 $988M
TOTAL $41.7B
Largest Refinitiv
$27.0B (2019-08-01)

M&A Connections

Deals %
Acquired from
PE Firm(s)
72%
18 72%
Strategic(s)
28%
7 28%
Divested to
PE Firm(s)
17%
1 17%
Strategic(s)
83%
5 83%