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Canada Pension Plan Investment Board

Company Summary

Description

Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 20 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, São Paulo and Sydney, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2017, the CPP Fund totalled C$316.7 billion.

Website

http://www.cppib.com/en/

Operational Regions

  • Canada

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Company Transactions

Date: 10/15/2021
Type: Acquisition

BUYERS:
  • Macquarie Asset Management
  • Ontario Teachers’ Pension Plan
    • SELLERS:
  • Canada Pension Plan Investment Board
  • Puget Sound Energy, Inc.
    • DETAILS:
    NOTES:
    Macquarie Asset Management & Ontario Teachers Pension Plan Board have signed a deal to jointly acquire a 31.6% Stake in Puget Holdings from Canada Pension Plan Investment Board. Puget's main subsidiary is Puget Sound Energy, a utility company in Washington with 1.2 million electric and 0.9 million natural gas customers.
    REGIONS:
  • Pacific Northwest

    • Date: 9/30/2021
    Type: Acquisition

    BUYERS:
  • Civitas Resources
  • Extraction Oil and Gas
    • SELLERS:
  • Crestone Peak Resources
  • Canada Pension Plan Investment Board
    • DETAILS:
    NOTES:
    Civitas Resources, the newly formed entity stemming from a merger between Bonanza Creek and Extraction OIl & Gas, has reached a deal to acquire Crestone Peak Resources. Civitas will issue 22.5 million shares of Bonanza Creek for 100% of Crestone's equity interests. Upon closing, Bonanza/Extraction shareholders will each own 37% of Civitas while Crestone holds 26%.
    REGIONS:
  • Rockies
  • DJ Basin

    • Date: 6/30/2020
    Type: Acquisition

    BUYERS:
  • Canada Pension Plan Investment Board
    • SELLERS:
  • Pattern Energy Group 2 LP
  • Pattern Energy Group Inc.
    • DETAILS:

    COST: 6.1 $B

    NOTES:
    Pattern Energy Group has entered into a deal with the Canada Pension Plan Investment Board whereby the CPPIB will acquire Pattern in an all-cash deal at $26.75 per share (enterprise value of $6.1 billion.) CPPIB will combine Pattern Energy and Pattern Development (Pattern Energy Group Holdings 2 LP) under a single firm once the deal closes in the second quarter of 2020.
    REGIONS:
  • North America

    • Date: 6/17/2019
    Type: Acquisition

    BUYERS:
  • Canada Pension Plan Investment Board
    • SELLERS:
  • Williams Companies, Inc.
    • ASSETS:
  • Utica East Ohio System (UEO)
  • Ohio Valley Midstream System
    • DETAILS:

    COST: 1.34 $B

    NOTES:
    Williams has signed transactions with Canada Pension Plan Investment Board to establish a joint venture in the western Marcellus & Utica basins. The deal includes Williams' Ohio Valley Midstream System, the Utica East Ohio Midstream System, in which CPPIB will invest $1.34 billion for a 35% stake in the joint venture.
    REGIONS:
  • Utica
  • Marcellus Shale

    • Date: 11/30/2018
    Type: Acquisition

    BUYERS:
  • Canada Pension Plan Investment Board
  • Nephin Energy Holdings Limited
    • SELLERS:
  • Shell E&P Ireland Limited
  • Shell plc.
  • Shell Overseas Holdings Ltd.
    • DETAILS:

    COST: 1.23 $B

    NOTES:
    CPPIB to complete the acquisition of Shell Exploration Company B.V.'s 45% stake in the Corrib natural gas field.
    REGIONS:
  • Europe

    • Date: 8/3/2018
    Type: Acquisition

    BUYERS:
  • Canada Pension Plan Investment Board
    • SELLERS:
  • Enbridge Inc.
  • Enbridge Income Fund
    • ASSETS:
  • Silver State Solar Power North
  • Cedar Point Wind
    • PROJECTS:
  • Hohe See Offshore Wind Project
    • DETAILS:

    COST: 1.36 $B

    NOTES:
    Enbridge entered into a deal with the Canada Pension Plan Investment Board to sell a 49% stake in select North American renewable power assets and two offshore wind projects in Germany. This includes all of Enbridge's Canadian renewable assets held by Enbridge Income Fund, the Cedar Point Wind Farm in Colorado and the Silver State North Solar Project in Nevada.
    REGIONS:
  • North America
  • Europe

    • Date: 6/29/2018
    Type: Acquisition

    BUYERS:
  • Canada Pension Plan Investment Board
    • SELLERS:
  • NextEra Energy Partners, LP
  • Cordelio Power
    • ASSETS:
  • Bluewater Wind Facility
  • Conestogo Wind Energy Center
  • Jericho Wind Facility
  • Summerhaven Wind Farm
  • Moore Solar Farm
  • Sombra Solar Facility
    • DETAILS:

    COST: 1271.3 $MM

    VOLUMES: 396 MW

    REGIONS:
  • Canada

    • Date: 3/8/2018
    Type: Acquisition

    BUYERS:
  • Energy Capital Partners
  • Access Industries
  • Canada Pension Plan Investment Board
    • SELLERS:
  • Calpine Corp.
    • DETAILS:

    COST: 5.6 $B

    NOTES:
    Calpine announced that it has entered into an agreement to be acquired by an Energy Capital Partners and a consortium of investors for $15.25/share in cash, equating to a total purchase price of $5.6 billion. The consortium is led by Access Industries and Canada Pension Plan Investment Board, among others.
    REGIONS:
  • United States