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Read about the activities of CPPIB, from our inception to the present. 

Jul 18, 2014

Canada Pension Plan Investment Board Signs Agreement to Invest Approximately €376 Million in European Car Park Operator, Interparking

Toronto, ON, Canada (July 18, 2014): Canada Pension Plan Investment Board (CPPIB) announced today that its wholly-owned subsidiary, CPP Investment Board European Holdings S.àr.l (CPPIBEH),  has signed an agreement to invest approximately €376 million for a 39% stake in Interparking, one of Europe’s largest car park management companies.  CPPIBEH will acquire the stake from AG Real Estate (AGRE), taking AGRE’s holdings to 51%.  PARKIMO, an existing shareholder, will maintain its 10% holding in the company.  

Jun 26, 2014

Canada Pension Plan Investment Board Increases Ownership Interest in Manhattan Office Property

Toronto, ON, Canada (June 26, 2014): Canada Pension Plan Investment Board (CPPIB) announced today that it has invested an additional US$108 million to increase its ownership interest in One Park Avenue to 45% through a joint venture with Vornado Realty Trust. CPPIB previously held an indirect stake of approximately 11% through its investment in the Vornado Capital Partners Parallel LP fund. The parties valued the property at US$560 million, including the assumption of US$250 million of debt.  

Jun 23, 2014

Canada Pension Plan Investment Board Signs Agreement to Invest INR20 Billion (US$332 Million) in India's Infrastructure Sector

Toronto, ON, Canada (June 23, 2014): Canada Pension Plan Investment Board (CPPIB) announced today an investment in India's infrastructure sector. CPPIB's wholly-owned subsidiary, CPP Investment Board Singaporean Holdings I (CPPIBSH) has entered into a definitive agreement with Larsen & Toubro Limited (L&T) to initially invest INR10 billion (approximately US$166 million) in L&T’s subsidiary, L&T Infrastructure Development Projects Limited (L&T IDPL).

Jun 05, 2014

Hermes Real Estate and Canada Pension Plan Investment Board Acquire Commercial Elements in South Bank Tower From CIT

Toronto, Canada (June 5, 2014): Hermes Real Estate and Canada Pension Plan Investment Board (CPPIB), as part of their 50:50 London partnership, have agreed to acquire the offices and retail elements, along with the residential ground rent income, of South Bank Tower by way of a forward commitment to purchase from joint venture owners, Jadwa Investment and CIT Group. 

May 13, 2014

Citycon To Bolster Its Balance Sheet By Raising EUR 400 Million In New Capital; CPPIB To Become A Strategic Shareholder In The Company

Toronto, ON, Canada (May 13, 2014): Citycon Oyj, a leading owner and developer of shopping centres in the Nordic and the Baltic countries, is raising approximately EUR 400 million of new capital of which approximately EUR 200 million will be raised through a directed share issue to CPP Investment Board European Holdings S.àr.l (“CPPIBEH”), a wholly-owned subsidiary of Canada Pension Plan Investment Board (“CPPIB”), an investment management organization investing the funds of the Canada Pension Plan. Upon closing of the directed share issue, CPPIBEH will become a significant strategic shareholder in Citycon with an ownership interest representing 15 per cent of the shares and voting rights in Citycon. The transaction is conditional on the receipt of necessary authorizations at the extraordinary general meeting of Citycon shareholders (EGM) to be held in June 2014.

Apr 21, 2014

Canada Pension Plan Investment Board Completes US$596 Million Secondary Private Equity Transaction

Toronto, ON, Canada (April 21, 2014): Canada Pension Plan Investment Board (CPPIB) announced today that it has completed a secondary transaction related to JW Childs Equity Partners III. As the lead investor, CPPIB invested US$477 million in the transaction. The transaction provided the option, but not the obligation, for all existing limited partners in Fund III to obtain liquidity. Alternatively, the existing limited partners were provided the opportunity to roll their existing stakes on the same terms and conditions as CPPIB. JW Childs will continue as the general partner and manage the partnership. 

Apr 15, 2014

Canada Pension Plan Investment Board Completes Acquisition of Australian Office Portfolio

Toronto, Canada (April 15, 2014): Canada Pension Plan Investment Board (CPPIB) announced today that, together with DEXUS Property Group (DEXUS), they have completed the compulsory acquisition of 100% of the units in the Commonwealth Property Office Fund (“CPA”). 

Apr 02, 2014

Osisko Mining Corporation – Yamana Gold Inc. announce partnership. Caisse de dépôt et placement du Québec and Canada Pension Plan Investment Board to Invest $550 Million

Montreal, Canada (April 2, 2014): Osisko Mining Corporation ("Osisko") (TSX:OSK; Deutsche Boerse: EWX) and Yamana Gold Inc. (“Yamana”) (TSX:YRI; NYSE:AUY) are pleased to announce they have entered into an agreement (“the Agreement”) pursuant to which Yamana will acquire a 50% interest in Osisko's mining and exploration assets for C$441.5 million in cash and 95.7 million common shares of Yamana having an aggregate value of C$929.6 million (the "Yamana Consideration"). Upon implementation of the Agreement, each outstanding Common share of Osisko will be exchanged for (i) C$2.194 in cash, (ii) 0.2119 of a Yamana common share, and (iii) a new common share of Osisko.

Mar 24, 2014

Canada Pension Plan Investment Board Acquires Additional 23.6% Stake in Peruvian Pipeline

Toronto, ON, Canada (March 24, 2014) – Canada Pension Plan Investment Board (CPPIB) announced today that it has completed the acquisition of a 23.6% equity stake in Transportadora de Gas del Perú S.A. (TgP), a Peruvian pipeline company. The interest in TgP was acquired from Tecpetrol International SA, Tecpetrol Internacional SLU and Tecpetrol SA through the exercise of CPPIB’s right-of-first-refusal (ROFR). The transaction also included the acquisition of 100% of Compañía Operadora de Gas del Amazonas  (COGA), the operator for TgP. The total consideration paid by CPPIB for both the 23.6% stake in TgP and 100% of COGA was US$607 million.

Feb 14, 2014

CPP INVESTMENT BOARD REPORTS FISCAL THIRD QUARTER PERFORMANCE RESULTS

TORONTO, ON (February 14, 2014): The CPP Fund ended the third quarter of its 2014 fiscal year on December 31, 2013 with net assets of $201.5 billion, compared to $192.8 billion at the end of the previous quarter. The $8.7 billion increase in assets for the quarter comprised $11.1 billion in net investment income, after operating costs, less $2.4 billion of cash outflows. The CPP Fund routinely receives more CPP contributions than are required to pay benefits during the first part of the calendar year and then remits a portion of those funds for benefit payments in the latter part of the year. The portfolio delivered a gross investment return of 5.9% for the quarter. 

Feb 06, 2014

Canada Pension Plan Investment Board Appoints Ed Cass, Senior Vice-President & Chief Investment Strategist

TORONTO, ON (February 6, 2014): Mark Wiseman, President & Chief Executive Officer, Canada Pension Plan Investment Board (CPPIB), is pleased to announce the appointment of Ed Cass to the position of Senior Vice-President & Chief Investment Strategist and a member of the Senior Management Team, effective as from April 1st. 

Jan 31, 2014

Canada Pension Plan Investment Board To Acquire 10.4% Stake in Peruvian Infrastructure Asset from Graña y Montero

Toronto, Canada (January 31, 2014) – Canada Pension Plan Investment Board (CPPIB) announced today that it will acquire a 10.4% equity stake in Transportadora de Gas del Perú S.A. (TgP) from Graña y Montero (GyM), the largest engineering and construction company in Peru, for a consideration of US$200 million.

Jul 03, 2014

Onex and CPPIB Complete Sale of Gates

Toronto, ON (July 3, 2014) – Onex Corporation ("Onex") (TSX: OCX) and its affiliates (the “Onex Group”) and Canada Pension Plan Investment Board ("CPPIB") today announced they have completed the sale of Gates Corporation (“Gates”), Tomkins’ principal remaining business, to private equity funds affiliated with Blackstone for $5.4 billion.

Jun 24, 2014

CPP INVESTMENT BOARD WELCOMES APPOINTMENT OF DR. HEATHER MUNROE-BLUM AS CHAIRPERSON OF ITS BOARD OF DIRECTORS

TORONTO, ON (June 24, 2014): Canada Pension Plan Investment Board (CPPIB) is pleased to announce that Dr. Heather Munroe-Blum has been appointed Chairperson of its Board of Directors, effective October 27, 2014, by the Honourable Joe Oliver, Federal Minister of Finance. Dr. Munroe-Blum will succeed Robert Astley, the CPPIB’s Chairperson since 2008, whose term expires in October. 

Jun 19, 2014

Canada Pension Plan Investment Board to Invest US$250 Million in Markit Ltd.

Toronto, ON, Canada (June 19, 2014): Canada Pension Plan Investment Board (CPPIB) announced today that it will acquire 10.4 million common shares of Markit Ltd. (Markit) at a price of US$24.00 per common share as part of Markit’s initial public offering, which is expected to close on or about June 24, 2014. CPPIB’s total investment will be US$250 million representing an approximate 6% ownership interest. CPPIB will have the right to nominate one director for appointment to Markit’s Board of Directors. 

May 23, 2014

CPP Fund Totals $219.1 Billion at 2014 Fiscal Year-End

TORONTO, ON (May 23, 2014): The CPP Fund ended its fiscal year on March 31, 2014 with net assets of $219.1 billion, compared to $183.3 billion at the end of fiscal 2013. The $35.8 billion increase in assets for the year consisted of $30.1 billion in net investment income after operating costs and $5.7 billion in net CPP contributions. The portfolio delivered a gross investment return of 16.5% for fiscal 2014. 

May 07, 2014

Canada Pension Plan Investment Board, WAM Development Group and Walton Group of Companies Announce Joint Venture

EDMONTON (May 7, 2014) – Canada Pension Plan Investment Board (CPPIB), WAM Development Group (WAM) and Walton Group of Companies (Walton) announced today a joint venture to develop a 250 acre industrial site in northwest Edmonton, Alberta. The development project will transform the current land into approximately four million square feet of distribution and logistics warehousing.

Apr 16, 2014

Canada Pension Plan Investment Board Signs Agreement To Sell Air Distribution Technologies

Toronto, ON, Canada (April 16, 2014): Canada Pension Plan Investment Board (CPPIB) announced today that it has entered into a definitive agreement to sell Air Distribution Technologies, Inc. (Air Distribution) to Johnson Controls for a total consideration of approximately $1.6 billion. The sale is expected to close by the end of July 2014 and is subject to customary closing conditions and regulatory approvals.

Apr 04, 2014

Onex and CPPIB Announce Sale of Gates for $5.4 Billion; Eighth Tomkins Divestiture to Result in $7.9 Billion of Total Proceeds

Toronto, ON (April 4, 2014) – Onex Corporation ("Onex") (TSX: OCX) and its affiliates (the “Onex Group”) and Canada Pension Plan Investment Board ("CPPIB") today announced they have agreed to sell Gates Corporation (“Gates”) to private equity funds affiliated with Blackstone for $5.4 billion.  The sale is expected to close later this year and is subject to customary closing conditions and regulatory approvals. 

Mar 25, 2014

Canada Pension Plan Investment Board Forms New Venture With China Vanke For Residential Development In China

Toronto, Canada (March 25, 2014): Canada Pension Plan Investment Board (CPPIB) announced today that it has formed a new venture with China Vanke Co., Ltd. (Vanke), the largest residential developer in China. Through this venture, CPPIB will over time invest US$250 million in the Chinese residential market. 

Mar 21, 2014

Canada Pension Plan Investment Board Enters Into Agreement To Acquire Wilton Re

Toronto, ON, Canada (March 21, 2014): Canada Pension Plan Investment Board (CPPIB) announced today that a wholly-owned subsidiary of CPPIB, together with the management of Wilton Re, have entered into a definitive agreement to acquire 100% of the common stock of Wilton Re Holdings Limited for US$1.8 billion from a group of investors led by Stone Point Capital, Kelso & Company, Vestar Capital Partners and FFL. The transaction is subject to regulatory approvals and other customary closing conditions.

Feb 12, 2014

CPPIB and Piramal Enterprises Limited Announce a US$500m Strategic Alliance for Residential Development Debt Financing in India; Appoint Indiareit as Advisor

Toronto, Canada/Mumbai, India (February 12, 2014): CPPIB Credit Investments Inc., a wholly-owned subsidiary of Canada Pension Plan Investment Board (CPPIB), and Piramal Enterprises Limited (PEL), one of India’s largest diversified companies, announced today a strategic alliance for providing rupee debt financing to residential projects across India’s major urban centres. CPPIB and PEL have each initially committed US$250 million for this purpose. Indiareit Fund Advisors (Indiareit), the real estate fund management arm of PEL, has been appointed as advisor.

Feb 05, 2014

Canada Pension Plan Investment Board Opens Investment Office in Brazil

Toronto, Canada/São Paulo, Brazil (February 5, 2014): Canada Pension Plan Investment Board (CPPIB) announced today the opening of an office in São Paulo to focus on investment opportunities in Latin America. This new office will expand CPPIB’s global reach and enhance its strategy to build a diversified investment portfolio in order to help support retirement security for generations of Canadians.

Jan 08, 2014

Senior Vice-President & Chief Investment Strategist Don Raymond resigns from CPPIB at end of fiscal year 2014

Toronto, ON (January 8, 2014): Canada Pension Plan Investment Board (CPPIB) announced today that Donald M. Raymond, Senior Vice-President & Chief Investment Strategist, has resigned from his position at CPPIB effective March 31, 2014 to assume a leadership role with Alignvest Management Corporation.