Investment Summary |
|
|---|---|
| Date | 2025-03-13 |
| Target | 407 ETR |
| Sector | Infrastructure |
| Investor(s) |
PSP Investments
CPP Investments Ferrovial SA |
| Deal Type | Stake Purchase |
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PSP Investments is a Canadian pension manager focused on a variety of investment strategies including public equities, real estate, private equity, infrastructure, private debt, and natural resources. The Firm's private equity group looks to back funds as well as make direct investments in partnership with managers. PSP will consider opportunities globally and will invest across a broad range of sectors, including financials, consumer, industrials, healthcare, technology, communications, and energy. PSP Investments is based in Ottawa.
| DEAL STATS | # |
|---|---|
| Overall | 31 of 32 |
| Sector: Infrastructure M&A | 3 of 3 |
| Type: Stake Purchase M&A Deals | 5 of 5 |
| State: Ontario M&A | 2 of 2 |
| Country: Canada M&A | 4 of 4 |
| Year: 2025 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-09-04 |
AirTrunk
North Sydney, Australia AirTrunk is an Asia Pacific data center platform operating 800MW of capacity committed to customers and owns land that can support over 1GW of future growth across the region. AirTrunk was founded in 2015 and is based in North Sydney, Australia. |
Sell | AU$24.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-09-18 |
ISC
Carlsbad, California, United States ISC is a multi-line insurance distributor that builds end-to-end insurance products utilizing advanced artificial intelligence (AI) engineering and data analytics. ISC has built an end-to-end insurance platform by connecting a broad network of insurance markets and distribution channels with proprietary data analytics capabilities. ISC was founded in 2017 and is based in Carlsbad, California. |
Buy | - |
CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 54 of 56 |
| Sector: Infrastructure M&A | 3 of 3 |
| Type: Stake Purchase M&A Deals | 10 of 10 |
| State: Ontario M&A | 1 of 1 |
| Country: Canada M&A | 2 of 2 |
| Year: 2025 M&A | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-01-10 |
Calpine
Houston, Texas, United States Calpine is a generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Calpine was founded in 1984 and is based in Houston, Texas. |
Sell | $26.6B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-05-30 |
Encino Energy
Houston, Texas, United States Encino Energy is an oil and gas acquisition and development company. Encino acquires operated and non-operated working interests, minerals and equity interests in exploration and production and related businesses located primarily onshore in the United States. Encino Energy was founded in 2011 and is based in Houston, Texas. |
Sell | $5.6B |
Grupo Ferrovial, S.A. operates as a construction company in Spain.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector: Infrastructure M&A | 1 of 1 |
| Type: Stake Purchase M&A Deals | 2 of 2 |
| State: Ontario M&A | 1 of 1 |
| Country: Canada M&A | 1 of 1 |
| Year: 2025 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-11 |
Amey
London, United Kingdom Amey is an infrastructure services and engineering company helping the economy to grow by designing, maintaining, and transforming the nation’s strategic assets. The company’s unique engineering and operations experience, together with data-driven insight from its consulting business, delivers better results for our clients. Amey is based in London, United Kingdom. |
Sell | - |
