Investment Summary

Ontario Teachers Pension Plan and La Caisse Invest In Greenstone

On June 7, 2016, pension Ontario Teachers Pension Plan and asset manager La Caisse invested in insurance company Greenstone

Investment Highlights
  • This is Ontario Teachers Pension Plan’s 5th and La Caisse’s 2nd transaction in the Insurance sector.
  • This is Ontario Teachers Pension Plan’s 3rd and La Caisse’s 3rd transaction in Australia.

Investment Summary

Date 2016-06-07
Target Greenstone
Sector Insurance
Investor(s) Ontario Teachers Pension Plan
La Caisse
Deal Type Stake Purchase

Target

Greenstone

Norwest, Australia
Greenstone is an insurance distributor focused on developing simple and affordable life and general insurance products for Australians and New Zealanders. Greenstone specializes in harnessing technology and data analytics in order to design, market, distribute and administer personal insurance products. Greenstone was founded in 2007 and is based in Norwest, Australia.

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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 116.0B 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 94 of 176
Sector: Insurance M&A 5 of 8
Type: Stake Purchase M&A Deals 5 of 18
Country: Australia M&A 3 of 8
Year: 2016 M&A 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 ANV Holdings B.V.

Jersey City, New Jersey, United States

ANV is a specialty insurance company that underwrites a variety of commercial property/casualty insurance products through its three Lloyd's syndicates and managing general underwriter. ANV has a well-established infrastructure composed of a highly skilled management team and solid underwriting capability.

Sell $219M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-09 Autopista Arco Norte

Mexico City, Mexico

Autopista Arco Norte is a 224km toll road that serves as a transportation link in the central Mexico region.

Buy -
Investor

La Caisse

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 90.0B 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 20 of 106
Sector: Insurance M&A 2 of 4
Type: Stake Purchase M&A Deals 5 of 17
Country: Australia M&A 3 of 7
Year: 2016 M&A 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-06 FLO

Quebec, Quebec, Canada

FLO is an electric vehicle (EV) charging network. FLO operates a comprehensive charging ecosystem that full fills EV drivers’ needs wherever they may be at home, at work or on the go by ensuring a consistently simple and seamless experience. FLO offers smart home charging solutions for both single-family houses and multi-unit residential buildings, as well as access to thousands of public charging stations across the country. FLO was founded in 2009 and is based in Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-15 Felix & Paul Studios

Montreal, Quebec, Canada

Felix & Paul Studios is a creator of immersive entertainment experiences, creating unparalleled, highly engaging and inspired virtual reality, augmented reality and mixed reality experiences for audiences worldwide. Felix & Paul Studios was founded in 2013 and is based in Montreal, Quebec.

Buy -