Ontario Teachers Pension Plan Mergers and Acquisitions Summary

Pension Profile

In the last 3 years, Ontario Teachers Pension Plan has acquired 16 companies. It has also invested in 13 others.

Ontario Teachers Pension Plan’s most common sectors for investment areinformation technology (8%) and infrastructure (7%) . The Firm’s most common investment types include secondary buyout (32%) and buyout (lbo, mbo, mbi) (23%). In total, Ontario Teachers Pension Plan has invested in 19 US states and 27 different countries. Its largest (disclosed) acquisition occurred in 2018 when it acquired Techem for $5.2B.

In the last 3 years, Ontario Teachers Pension Plan has exited 25 companies. The Firm’s most common exit type is trade sale (42%). Ontario Teachers Pension Plan’s largest (disclosed) exit occurred in 2014 when it sold Grupo Corporativo ONO S.A. for $8.1B.

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M&A Summary

  • M&A Total Activity245
    • M&A Buy Activity172
    • M&A Sell Activity73
  • Total Sectors Invested 47
  • Total Countries Invested 27
  • M&A Buy/Sell Connections 126
  • M&A Advisors 31

Ontario Teachers Pension Plan

5650 Yonge Street,
Toronto, Ontario M2M 4H5
Canada
(416) 228-5900
www.otpp.com/investments/asset-groups/equities/private-capital
teachersprivatecapital@otpp.com

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


Investment Criteria

Sectors of Interest: Agriculture, Apparel/Textiles, Business Services, Chemicals, Communications, Construction, Consumer Products, Consumer Services, Education, Energy Services and Equipment, Financial Services, Food, Furniture, Healthcare Services, Information Technology, Infrastructure, Insurance, Internet Software and Services, Leisure, Machinery, Manufacturing, Media, Publishing, Retail, Software, Technology Hardware, Transportation, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Recapitalization, Secondary Buyout, Venture

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Asia/Pacific, Australia/New Zealand, Latin/South America

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 100 3,000
Enterprise Value - -
values in millions of CAD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (8.6/yr) # 129 15 19 5 4 - 172
vol $36.2B $2.2B $8.4B $574M $47.4B
Sell (5.6/yr) # 45 3 15 4 4 2 73
vol $30.5B $8.3B $7.6B $46.3B
  245

Most Recent M&A

Company Date Value Type
Coda Project, Inc. 2024-12-17 - Trade Sale
San Francisco, California · www.coda.io
Techem GmbH 2024-10-01 7.6B EUR Secondary Sale
Eschborn, Germany · www.techem.com
Shearer's Foods, Inc. 2023-12-13 - Secondary Sale
Massillon, Ohio · www.shearers.com
SeaCube Container Leasing Ltd. 2023-10-04 - Secondary Sale
Woodcliff Lake, New Jersey · www.seacubecontainers.com
Terra Carbon Pty Ltd. 2023-09-18 - Secondary Buyout
The Rocks, Australia · www.greencollar.com.au
Green Collar 2023-09-18 - Stake Purchase
Sydney, Australia · www.greencollar.com.au
Compass Datacenters LLC 2023-06-20 - Secondary Sale
Dallas, Texas · www.compassdatacenters.com
Sevana Bioenergy 2023-03-28 - Growth Capital
Boise, Idaho · www.sevanabioenergy.com
Sweetwater Royalties LLC 2023-03-15 - Stake Purchase
Lakewood, Colorado · www.sweetwaterroyalties.com
Kanata Energy Group Ltd. 2023-02-14 - Trade Sale
Calgary, Alberta · www.kanataenergy.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
TricorBraun, Inc. 2021-01-06 Veritiv Containers 2024-12-09 19
St. Louis, Missouri · www.tricorbraun.com Miami, Florida · www.veritivcontainers.com
CareerBuilder, Inc. 2017-06-20 Monster Worldwide, Inc. 2024-07-02 1
Chicago, Illinois · www.careerbuilder.com Weston, Massachusetts · www.monster.com
Mitratech Holdings, Inc. 2021-05-18 HotDocs Ltd. 2024-06-10 10
Austin, Texas · www.mitratech.com Scotland, United Kingdom · www.hotdocs.com
Mitratech Holdings, Inc. 2021-05-18 Mineral, Inc. 2024-01-09 9
Austin, Texas · www.mitratech.com Portland, Oregon · www.trustmineral.com
Mitratech Holdings, Inc. 2021-05-18 Syntrio, Inc. 2024-01-09 8
Austin, Texas · www.mitratech.com Northbrook, Illinois · www.syntrio.com
CareerBuilder, Inc. 2017-06-20 Broadbean Technology Ltd. 2023-05-31 3
Chicago, Illinois · www.careerbuilder.com London, United Kingdom · www.broadbean.com
BroadStreet Partners, Inc. 2012-02-07 Westland Insurance Group Ltd. 2023-04-17 2
Columbus, Ohio · www.broadstreetcorp.com Surrey, British Columbia · www.westlandinsurance.ca
RSA Security LLC 2020-02-18 Archer Technologies LLC 2023-04-13 2
Bedford, Massachusetts · www.rsa.com Overland Park, Kansas · www.archerirm.com
Mitratech Holdings, Inc. 2021-05-18 The Infosoft Group LLC 2023-04-11 7
Austin, Texas · www.mitratech.com Milwaukee, Wisconsin · www.circaworks.com
Mitratech Holdings, Inc. 2021-05-18 Trakstar, Inc. 2023-04-11 6
Austin, Texas · www.mitratech.com Seattle, Washington · www.trakstar.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 5 (5%) 2.1B (13%) 13 (7%) 4.9B (10%)
Infrastructure 11 (11%) 3.7B (23%) 12 (7%) 3.7B (7%)
Consumer Products 2 (2%) - 10 (6%) 1.6B (3%)
Healthcare Services 7 (7%) 89M (1%) 10 (6%) 89M (< 1%)
Software 6 (6%) 1.6B (10%) 9 (5%) 5.6B (11%)
Consumer Services 5 (5%) - 8 (5%) -
Financial Services 6 (6%) - 8 (5%) -
Utilities 6 (6%) - 7 (4%) 1.8B (4%)
Insurance 4 (4%) - 7 (4%) 1.2B (2%)
Business Services 3 (3%) - 7 (4%) 46M (< 1%)
Energy Services and Equipment 3 (3%) 3.2B (19%) 6 (3%) 8.7B (17%)
Packaging 4 (4%) 2.5B (15%) 5 (3%) 2.5B (5%)
Internet Software and Services 5 (5%) - 5 (3%) -
Communications 2 (2%) 574M (4%) 4 (2%) 6.5B (13%)
Food 1 (1%) - 4 (2%) 500M (1%)
Manufacturing 1 (1%) - 4 (2%) 450M (1%)
Oil/Gas Exploration 1 (1%) - 4 (2%) 300M (1%)
Leisure - - 4 (2%) -
Renewable Energy 3 (3%) - 4 (2%) -
Real Estate 2 (2%) - 3 (2%) 865M (2%)
Life Science 2 (2%) - 3 (2%) 600M (1%)
Agriculture 3 (3%) - 3 (2%) -
Environmental 2 (2%) - 3 (2%) -
Retail - - 2 (1%) 4.3B (9%)
Publishing - - 2 (1%) 2.2B (5%)
Education 1 (1%) 1.2B (7%) 2 (1%) 1.4B (3%)
Metals/Mining 1 (1%) - 2 (1%) 588M (1%)
Apparel/Textiles - - 2 (1%) -
Gaming 2 (2%) - 2 (1%) -
Machinery 1 (1%) - 2 (1%) -
Transportation - - 2 (1%) -
Electronics 1 (1%) 1.4B (9%) 1 (1%) 1.4B (3%)
Chemicals - - 1 (1%) 342M (1%)
Aerospace 1 (1%) - 1 (1%) -
Automotive 1 (1%) - 1 (1%) -
Beverages 1 (1%) - 1 (1%) -
Building Materials - - 1 (1%) -
Digital Media 1 (1%) - 1 (1%) -
Distribution - - 1 (1%) -
Franchising 1 (1%) - 1 (1%) -
Marine - - 1 (1%) -
Media - - 1 (1%) -
Plastics - - 1 (1%) -
Restaurants - - 1 (1%) -
Semiconductors 1 (1%) - 1 (1%) -
Staffing 1 (1%) - 1 (1%) -
Test/Measurement Equipment - - 1 (1%) -
Total 97 $16.2B 175 $49.6B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 32 (33%) 5.0B (31%) 72 (41%) 18.0B (36%)
  California 7 (7%) - 18 (10%) 5.6B (11%)
  Georgia 3 (3%) - 7 (4%) 760M (2%)
  Illinois 1 (1%) - 7 (4%) 550M (1%)
  New York 5 (5%) 1.4B (9%) 5 (3%) 1.4B (3%)
  Massachusetts 4 (4%) 2.1B (13%) 5 (3%) 3.8B (8%)
  Texas 2 (2%) 1.6B (10%) 5 (3%) 1.6B (3%)
  Ohio 1 (1%) - 4 (2%) 500M (1%)
  Tennessee 2 (2%) - 3 (2%) 840M (2%)
  Pennsylvania - - 3 (2%) 1.7B (3%)
  Florida 2 (2%) - 2 (1%) -
  Missouri 2 (2%) - 2 (1%) -
  North Carolina 1 (1%) - 2 (1%) 600M (1%)
  Colorado 1 (1%) - 2 (1%) 300M (1%)
  Connecticut - - 2 (1%) -
  Idaho 1 (1%) - 1 (1%) -
  Wisconsin - - 1 (1%) 450M (1%)
  Alabama - - 1 (1%) -
  Utah - - 1 (1%) -
  New Jersey - - 1 (1%) -
Canada 14 (14%) 3.2B (19%) 26 (15%) 7.2B (14%)
  Ontario 9 (9%) 3.2B (19%) 15 (9%) 6.5B (13%)
  Alberta 2 (2%) - 6 (3%) 630M (1%)
  British Columbia 1 (1%) - 2 (1%) -
  Prince Edward Island 1 (1%) - 1 (1%) -
  Manitoba 1 (1%) - 1 (1%) -
  Quebec - - 1 (1%) -
United Kingdom 13 (13%) - 20 (11%) 5.1B (10%)
Australia 9 (9%) 5.0B (31%) 9 (5%) 5.0B (10%)
Germany 1 (1%) - 6 (3%) 5.5B (11%)
China 4 (4%) - 5 (3%) -
New Zealand 2 (2%) 574M (4%) 3 (2%) 2.8B (6%)
France 2 (2%) - 3 (2%) -
India 2 (2%) - 3 (2%) -
Singapore 2 (2%) - 3 (2%) -
Netherlands 1 (1%) 2.5B (15%) 3 (2%) 2.5B (5%)
Chile 2 (2%) - 2 (1%) -
Mexico 2 (2%) - 2 (1%) -
Spain 1 (1%) - 2 (1%) 2.5B (5%)
Italy 1 (1%) - 2 (1%) -
Brazil 1 (1%) - 2 (1%) -
Denmark 1 (1%) - 2 (1%) -
Antigua and Barbuda 1 (1%) - 1 (1%) -
Belgium 1 (1%) - 1 (1%) -
Finland 1 (1%) - 1 (1%) -
Ireland 1 (1%) - 1 (1%) -
South Korea 1 (1%) - 1 (1%) -
Portugal 1 (1%) - 1 (1%) -
Sweden 1 (1%) - 1 (1%) -
South Africa - - 1 (1%) 1.2B (2%)
Luxembourg - - 1 (1%) -
Norway - - 1 (1%) -
Domestic 14 (14%) 3.2B (19%) 26 (15%) 7.2B (14%)
Cross-border 83 (86%) 13.1B (81%) 149 (85%) 42.7B (86%)
Total 97 $16.2B 175 $49.9B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 26 (27%) 4.7B (29%) 56 (32%) 15.6B (31%)
Buyout (LBO, MBO, MBI) 17 (18%) 1.2B (7%) 40 (23%) 4.4B (9%)
Stake Purchase 15 (15%) - 18 (10%) 2.6B (5%)
Growth Capital 12 (12%) - 17 (10%) -
Divestiture 8 (8%) 2.6B (16%) 15 (9%) 8.5B (17%)
Venture 12 (12%) - 14 (8%) -
Going Private 2 (2%) 3.8B (23%) 7 (4%) 13.9B (28%)
Recapitalization 1 (1%) - 3 (2%) -
Consolidation 2 (2%) 1.4B (9%) 2 (1%) 1.4B (3%)
Add-on Acquisition 1 (1%) 2.5B (15%) 1 (1%) 2.5B (5%)
Special Situations/Distressed - - 1 (1%) 760M (2%)
Acquisition Financing 1 (1%) - 1 (1%) -
Total 97 $16.2B 175 $49.6B

Exits by Deal Type

Type Total # Value
Secondary Sale 21 (29%) 13.7B (29%)
Trade Sale 16 (22%) 7.6B (16%)
Trade Sale - Public Company 14 (19%) 23.8B (51%)
IPO 12 (16%) -
Merger 4 (5%) -
Bankruptcy 2 (3%) -
Divestiture 1 (1%) 1.3B (3%)
Shut Down 1 (1%) -
Sold to Management 1 (1%) -
Stake Sale 1 (1%) -
Total 73 $46.3B

Top M&A Advisors

Financial Deals
RBC Capital Markets
 4
TD Securities
 3
Evercore Group
 3
Legal Deals
Torys
 5
Weil Gotshal & Manges
 5
Kirkland & Ellis
 4

Deal Values

buy # Total
> $1B 17 $40.9B
$100M to $1B 16 $8.8B
< $100M 2 $135M
TOTAL $49.9B
Largest Techem GmbH
$5.2B (2018-05-25)
sell # Total
> $1B 13 $40.3B
$100M to $1B 10 $6.0B
TOTAL $46.3B
Largest Grupo Corporativo ONO S.A.
$8.1B (2014-03-17)

M&A Connections

Deals
Acquired from
Investor(s)
35%
62 (35%)
Strategic(s)
9%
16 (9%)
Exited to
Investor(s)
30%
22 (30%)
Strategic(s)
48%
35 (48%)

Investor Summary

Investor Type

Pension

Size

Mega

PE Assets

242.5B USD

Established

1990

Specialist/Generalist

Generalist

Leadership

Jo Taylor

President & CEO

Tim Deacon

CFO

Ziad Hindo

CIO

Stephen McLennan

Executive Managing Director

Ben Chan

Executive Managing Director, Asia-Pacific

FAQ

When was Ontario Teachers Pension Plan founded?

Ontario Teachers Pension Plan was founded in 1990.

What type of investor is Ontario Teachers Pension Plan?

Ontario Teachers Pension Plan is a pension.

Where is Ontario Teachers Pension Plan headquartered?

Ontario Teachers Pension Plan is headquartered in Toronto, Ontario.

How much capital does Ontario Teachers Pension Plan have under management?

Ontario Teachers Pension Plan has 242.5B USD under management.

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