Investment Summary

Ontario Teachers Pension Plan Invests In Duo Bank of Canada

On February 19, 2020, pension Ontario Teachers Pension Plan invested in financial services company Duo Bank of Canada

Investment Highlights
  • This is Ontario Teachers Pension Plan’s 5th transaction in the Financial Services sector.
  • This is Ontario Teachers Pension Plan’s 21st transaction in Canada.
  • This is Ontario Teachers Pension Plan’s 11th transaction in Ontario.

Investment Summary
Date 2020-02-19
Target Duo Bank of Canada
Sector Financial Services
Investor(s) Ontario Teachers Pension Plan
Deal Type Acquisition Financing

Target

Duo Bank of Canada

Toronto, Ontario, Canada
Duo Bank of Canada is a Canadian Bank founded on a mission to provide value-driven financial products that are clear and simple, to help Canadians focus on what matters to them. Duo Bank specializes in turnkey and customizable financial services solutions designed to deepen customer loyalty and grow sales. The growing complement of products and services includes credit cards, rewards, and related protection services. Duo Bank of Canada is based in Toronto, Ontario.

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Investor(S) 1

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 133 of 175
Sector (Financial Services) 5 of 8
Type (Acquisition Financing) 1 of 1
State (Ontario) 11 of 15
Country (Canada) 21 of 26
Year (2020) 2 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 RSA Security

Bedford, Massachusetts, United States

RSA Security is a provider of intelligence-driven security solutions. RSA enables customers to cost-effectively secure critical information assets and online identities wherever they live and at every step of the way, and manage security information and events to ease the burden of compliance. RSA Security was established in 1982 and is based in Bedford, Massachusetts.

Buy $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-25 GFL Environmental

Vaughan, Ontario, Canada

GFL Environmental is a diversified environmental services company providing a comprehensive line of solid waste, infrastructure & soil remediation, and liquid waste management services through its platform of facilities across Canada and in Southeastern Michigan. GFL has a workforce of more than 5,000 employees and provides its broad range of environmental services to more than 60,000 commercial and industrial customers and its solid waste collection services to more than 2.5 million households. GFL Environmental was founded in 2007 and is based in Vaughan, Ontario.

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