CDPQ today presented an update of its results as at June 30, 2022. In the worst six-month period of the last 50 years for stock and bond markets, CDPQ generated an average return of -7.9%, significantly above its benchmark portfolio’s return of -10.5%. Over five and ten years, annualized returns were 6.1% and 8.3% respectively, also outpacing benchmark portfolio returns. Net assets were $392 billion.
CleverTap, a leading global B2B SaaS platform for customer engagement and retention today announced it has signed definitive agreements to raise US$105M in a Series D funding round led by CDPQ, a global investment group who committed US$75M, with participation from IIFL AMC’s Tech Fund, along with existing investors Tiger Global and Sequoia India.
WSP Global Inc. (TSX:WSP) (“WSP” or the “Corporation”) is pleased to note that earlier today it announced that it has reached an agreement with RPS Group plc (“RPS”) on the terms of a cash acquisition pursuant to which a wholly-owned subsidiary of WSP will acquire the entire issued and to be issued share capital of RPS for £2.06 per share in cash (the “Acquisition”).
Following a competitive auction process, Akiem shareholders have agreed to enter into exclusive negotiations with CDPQ on the proposed sale of Akiem, a leading provider of freight locomotive leasing services in France and Europe.
CGI (TSX: GIB.A) (NYSE: GIB) announced today that it intends to enter into a private agreement with CDPQ for the purchase for cancellation of 938,914 of its Class A subordinate voting shares (“Class A Shares”) held by CDPQ for a price of $106.51 per Class A Share, which represents a discount to the closing price on July 29, 2022 of the Class A Shares on the Toronto Stock Exchange (“TSX”).
CDPQ, a global investment group, and CLP Group (CLP), one of the largest investor-owned power businesses in Asia, today announced they have reached an agreement for the sale by CLP of a 10% stake in Apraava Energy to CDPQ, bringing their respective stakes in the company to 50%.
Plusgrade, a leading ancillary revenue platform for the global travel industry, today announced that it has completed its previously announced acquisition of Points.com Inc. (TSX: PTS) (NASDAQ: PCOM) (“Points”), the global leader in powering loyalty commerce, creating a new global ancillary revenue powerhouse for the travel industry.
Ivanhoé Cambridge and Hines, the global real estate firms, today announced a new joint venture to develop, own, and operate best-in-class multifamily buildings in São Paulo, Brazil.
Student Transportation of America/Student Transportation of Canada (STA/STC), North America’s third-largest provider of school bus transportation services, is pleased to announce it has completed its acquisition of Pacific Western Transportation (PWT), the largest privately-owned transportation company in Canada.
