CPPIB looking to buy part of Goldman Sachs stake in ReNew Power
6 years, 2 months ago

CPPIB looking to buy part of Goldman Sachs stake in ReNew Power

Live Mint  

Mumbai: Canada Pension Plan Investment Board is in talks to increase its stake in renewable energy company ReNew Power Ltd by purchasing some of the shares that larger shareholder Goldman Sachs has put up for sale, two people aware of the development said. Goldman Sachs was ReNew’s first investor, while CPPIB, Canada’s largest pension fund manager, entered with a $391 million investment earlier this year. NextMAds Goldman Sachs owns 48.6% stake in ReNew Power, while CPPIB holds 16.2%, according to the draft IPO prospectus filed by the company in May. The proposed ReNew Power IPO would have seen the company ₹ 2,600 crore in fresh capital and existing private equity investors selling an aggregate of 94.37 million shares.

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India's ReNew Energy offered to be taken private in $2.82 billion deal
1 month ago

India's ReNew Energy offered to be taken private in $2.82 billion deal

The Hindu  

Some of the biggest investors in ReNew Energy Global have offered to take the company private, filings to the U.S. Securities And Exchange Commission show, in a proposed deal that values the generator at $2.82 billion, according to Reuters calculations. Major shareholders Canada Pension Plan Investment Board, UAE-based Masdar, chairman Sumant Sinha and a unit of the Abu Dhabi Investment …

OMERS, Actis eye stake in SB Energy
4 years, 4 months ago

OMERS, Actis eye stake in SB Energy

Live Mint  

Canadian pension fund Ontario Municipal Employees’ Retirement System, private equity fund Actis Llp and Brookfield Asset Management Inc. have submitted bids to buy SoftBank Group Corp.’s stake in SB Energy Holding, two people aware of the development said. A SoftBank spokesperson in an emailed response said, “Since its inception in 2015, SB Energy has grown significantly in terms of footprint, …

Canadian pension fund CPPIB plans to invest $150 mn in logistics firm Delhivery for 8% stake
5 years, 7 months ago

Canadian pension fund CPPIB plans to invest $150 mn in logistics firm Delhivery for 8% stake

Firstpost  

In March this year, Piramal Enterprises had said it signed an initial pact with CPPIB to co-sponsor a $600 million renewable energy-focused infrastructure investment trust. CPPIB, a professional investment management organisation, is buying the shares from domestic private equity firm Multiples Alternate Asset Management, said a report in The Economic Times quoting two people familiar with the deal. In March …

Piramal Enterprises, Canadian pension fund set up $600-mn renewable energy trust; CPPIB to hold 60% in new venture
5 years, 8 months ago

Piramal Enterprises, Canadian pension fund set up $600-mn renewable energy trust; CPPIB to hold 60% in new venture

Firstpost  

CPPIB has committed $360 million and holding up to 60 percent while Piramal Enterprises has committed $90 million and holding 15 percent. New Delhi: Piramal Enterprises on Tuesday said it has signed an initial pact with Canada Pension Plan Investment Board to co-sponsor a $600 million renewable energy-focused infrastructure investment trust. “With an initial corpus of $600 million, and the …

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