Investment Summary

Ontario Teachers Pension Plan and CDPQ Invest In Constellation Insurance Holdings

On October 23, 2019, pension Ontario Teachers Pension Plan and asset manager CDPQ invested in insurance company Constellation Insurance Holdings

Investment Highlights
  • This is Ontario Teachers Pension Plan’s 6th and CDPQ’s 4th transaction in the Insurance sector.
  • This is Ontario Teachers Pension Plan’s 57th and CDPQ’s 14th transaction in the United States.
  • This is Ontario Teachers Pension Plan’s 3rd and CDPQ’s 3rd transaction in New York.

Investment Summary

Date 2019-10-23
Target Constellation Insurance Holdings
Sector Insurance
Investor(s) Ontario Teachers Pension Plan
CDPQ
Deal Type Growth Capital

Target

Constellation Insurance Holdings

New York, New York, United States
Constellation Insurance Holdings is an insurance holding company focused on acquisitions of life and P&C insurers with the strategic intent of building a substantial, highly rated and conservatively managed multi-line insurance business backed by long-term institutional capital. Constellation Insurance Holdings is based in New York city.

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Investor(S) 2

Investor

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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.


DEAL STATS #
Overall 129 of 175
Sector (Insurance) 6 of 7
Type (Growth Capital) 11 of 17
State (New York) 3 of 5
Country (United States) 57 of 72
Year (2019) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-16 Goldcrest Farm Trust

New York, New York, United States

Goldcrest Farm Trust is a farmland investment management company with decades of experience building and developing farmland investment portfolios across the United States. Goldcrest Farm Trust is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-08 Orgain

Irvine, California, United States

Orgain is a producer of high-quality, great-tasting, organic and clean nutrition products. The company's products include meal replacement shakes, protein powders and snack bars for adults and kids. It uses only the highest quality ingredients, never at the cost of taste and texture. Orgain was founded in 2008 and is based in Irvine, California.

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Investor

CDPQ

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 80.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 62 of 101
Sector (Insurance) 4 of 4
Type (Growth Capital) 25 of 40
State (New York) 3 of 5
Country (United States) 14 of 24
Year (2019) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-19 Talent.com

Montreal, Quebec, Canada

Talent.com is a job site that provides more than 30 million job vacancies in 77 countries. Talent.com centralize all job offers available on the web, whether on the career site of companies, through employment agencies or through our network of partner job sites. Talent.com was founded in 2011 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-25 Piramal Enterprises

Mumbai, India

Piramal Enterprises is a diversified Indian conglomerate. Piramal Group operates healthcare, drug discovery and research, glass, real estate and financial services. Piramal Enterprises was founded in 1947 and is based in Mumbai, India.

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