Latest news with #CPPInvestments
BreakingNews.ie
2 days ago
- Business
- BreakingNews.ie
Czech billionaire among expected bidders for Irish utility Energia, sources say
Daniel Kretinsky-backed Czech energy group EPH and Japanese trading house Itochu are expected to make preliminary bids for Irish utility Energia Group, according to two sources with knowledge of the situation. Other expected bidders include investors Ardian, Asterion and CPP Investments, the people said. Itochu is expected to form a consortium and CPP Investments may team up with Britain's Octopus Energy, which it is an investor in, one of the people said. Advertisement Kretinsky is also the co-owner and president of football club Sparta Prague, and director and major shareholder of English football club West Ham United. After being acquired by private equity firm I Squared for about $1 billion in 2016, a new sale could value Energia Group at more than €2 billion including debt, the sources and a third one said. Non-binding offers are due this week, the sources and a fourth one said. All four sources spoke on condition of anonymity because the matter is private. I Squared, CPP Investments, Itochu, EPH, Ardian, Asterion all declined to comment. Energia Group referred questions to I Squared and Octopus Energy did not reply immediately to a request for comment. Ireland Energy regulator proposes rules for data centres t... Read More Energia Group, which supplies approximately 17 per cent of Ireland's total electricity requirements, is the latest power company to draw investor interest following the acquisition of Electricity North West by Iberdrola last year. The company is an integrated utility with investments in renewables, power distribution, data centres and gas turbines. Energia Group recently secured permission to build a data centre in Dublin allowing its sale process to go ahead, three of the sources said. Reuters first reported last year that I Squared was exploring selling Energia.
CNA
3 days ago
- Business
- CNA
Exclusive-Kretinsky's EPH, Itochu among expected bidders for Energia, sources say
LONDON :Daniel Kretinsky-backed Czech energy group EPH and Japanese trading house Itochu are expected to make preliminary bids for Irish utility Energia Group, according to two sources with knowledge of the situation. Other expected bidders include investors Ardian, Asterion and CPP Investments, the people said. Itochu is expected to form a consortium and CPP Investments may team up with Britain's Octopus Energy, which it is an investor in, one of the people said. After being acquired by private equity firm I Squared for about $1 billion in 2016, a new sale could value Energia Group at more than 2 billion euros ($2.27 billion) including debt, the sources and a third one said. Non-binding offers are due this week, the sources and a fourth one said. All four sources spoke on condition of anonymity because the matter is private. I Squared, CPP Investments, Itochu, EPH, Ardian, Asterion all declined to comment. Energia Group referred questions to I Squared and Octopus Energy did not reply immediately to a request for comment. Energia Group, which supplies approximately 17 per cent of Ireland's total electricity requirements, is the latest power company to draw investor interest following the acquisition of Electricity North West by Iberdrola last year. The company is an integrated utility with investments in renewables, power distribution, data centres and gas turbines. Energia Group recently secured permission from Irish authorities to build a data centre in Dublin allowing its sale process to go ahead, three of the sources said. ($1 = 0.8814 euros)
Cision Canada
3 days ago
- Business
- Cision Canada
CPP Investments to Sell Stake in Encino Acquisition Partners
TORONTO, May 30, 2025 /CNW/ - Canada Pension Plan Investment Board (CPP Investments) today announced the sale of its entire stake in Encino Acquisition Partners (EAP), a leading oil and gas producer in Ohio, to EOG Resources. EOG Resources will acquire EAP for US$5.6 billion, inclusive of EAP's net debt. EAP was established by CPP Investments and Encino Energy in 2017 to acquire high-quality oil and gas assets with an established base of production in mature basins across the lower 48 states in the United States. Since 2017 CPP Investments has held a 98% ownership position in EAP alongside Encino Energy. Encino Energy will also be exiting from EAP, representing a full sale to EOG Resources. "When we established Encino Acquisition Partners with Encino Energy in 2017 we envisioned creating a company that would be a leader in acquiring U.S. oil and gas assets. Since then, it has done just that, and we are pleased with EAP's success and the strong returns this investment has delivered," said Bill Rogers, Head of Sustainable Energies at CPP Investments. The transaction is expected to close in the second half of 2025, subject to the satisfaction of customary closing conditions and regulatory approvals. CPP Investments' Sustainable Energies group is active across the global energy system, with net assets totaling approximately C$36.3 billion as at March 31, 2025, including investments in renewables, conventional energy, carbon capture and storage, distributed and energy services, and emerging and disruptive technologies. About CPP Investments Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Canada Pension Plan Fund in the best interests of the more than 22 million contributors and beneficiaries. In order to build diversified portfolios of assets, we make investments around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2025, the Fund totalled $714.4 billion. For more information, please visit or follow us on LinkedIn, Instagram or on X @CPPInvestments.
Yahoo
3 days ago
- Business
- Yahoo
CPP Investments to Sell Stake in Encino Acquisition Partners
TORONTO, May 30, 2025 /CNW/ - Canada Pension Plan Investment Board (CPP Investments) today announced the sale of its entire stake in Encino Acquisition Partners (EAP), a leading oil and gas producer in Ohio, to EOG Resources. EOG Resources will acquire EAP for US$5.6 billion, inclusive of EAP's net debt. EAP was established by CPP Investments and Encino Energy in 2017 to acquire high-quality oil and gas assets with an established base of production in mature basins across the lower 48 states in the United States. Since 2017 CPP Investments has held a 98% ownership position in EAP alongside Encino Energy. Encino Energy will also be exiting from EAP, representing a full sale to EOG Resources. "When we established Encino Acquisition Partners with Encino Energy in 2017 we envisioned creating a company that would be a leader in acquiring U.S. oil and gas assets. Since then, it has done just that, and we are pleased with EAP's success and the strong returns this investment has delivered," said Bill Rogers, Head of Sustainable Energies at CPP Investments. The transaction is expected to close in the second half of 2025, subject to the satisfaction of customary closing conditions and regulatory approvals. CPP Investments' Sustainable Energies group is active across the global energy system, with net assets totaling approximately C$36.3 billion as at March 31, 2025, including investments in renewables, conventional energy, carbon capture and storage, distributed and energy services, and emerging and disruptive technologies. About CPP InvestmentsCanada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Canada Pension Plan Fund in the best interests of the more than 22 million contributors and beneficiaries. In order to build diversified portfolios of assets, we make investments around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2025, the Fund totalled $714.4 billion. For more information, please visit or follow us on LinkedIn, Instagram or on X @CPPInvestments. SOURCE Canada Pension Plan Investment Board View original content to download multimedia:
Cision Canada
3 days ago
- Business
- Cision Canada
CPP Investments to Exit Investment in Informatica through Salesforce Transaction
TORONTO, May 30, 2025 /CNW/ - Canada Pension Plan Investment Board (CPP Investments) has agreed to support Salesforce's proposed acquisition of Informatica, an AI-powered enterprise cloud data management company, in which it has been a major investor since 2015. Informatica announced on May 27, 2025, that it has entered into a definitive agreement to be acquired by Salesforce in an all-cash transaction at an equity value of approximately US$8 billion, net of Salesforce's current investment in Informatica. CPP Investments initially invested in Informatica when it partnered with global investment firm Permira to take the company private. In October 2021, Informatica completed its IPO on the New York Stock Exchange under the ticker symbol INFA. Salesforce's acquisition is expected to generate US$2.7 billion (C$3.7 billion) of net proceeds for CPP Investments upon the completion of the transaction. "We are pleased with the outcome of this transaction, which is a testament to the hard work, dedication, and innovation of the Informatica team over the last decade. We are proud to have supported the company's successful transformation into a leader in AI-powered cloud data management," said Sam Blaichman, Managing Director and Head of Direct Private Equity at CPP Investments. "Informatica has been a long-standing and successful investment for the CPP Fund, producing solid returns for CPP contributors and beneficiaries. We are confident Informatica will continue to thrive under Salesforce's stewardship and look forward to witnessing its future achievements." Under the terms of the agreement, Salesforce will acquire all the outstanding shares of common stock of Informatica, and holders of Informatica's Class A and Class B-1 common stock will receive US$25 in cash per share. The transaction is subject to the satisfaction of customary closing conditions, including the receipt of required regulatory approvals. CPP Investments' Private Equity department invests in a wide range of private equity assets globally, both indirectly through externally managed funds and directly alongside partners, with net assets totaling approximately C$146.5 billion as at March 31, 2025. Private Equity continues to seek return premiums by investing in less-liquid assets and focusing on long-term value creation through commitments to funds, secondary markets, and direct investments in private companies. About CPP Investments Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Canada Pension Plan Fund in the best interests of the more than 22 million contributors and beneficiaries. In order to build diversified portfolios of assets, we make investments around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2025, the Fund totalled C$714.4 billion. For more information, please visit or follow us on LinkedIn, Instagram or on X @CPPInvestments.
