Ontario Teachers’ Pension Plan opened new office in Mumbai, India, its 6th global office and 3rd in the Asia-Pacific region. Deepak Dara appointed Senior Managing Director and Head of India, reporting Ben Chan, Executive Managing Director and Head of Asia-Pacific.
Ontario Teachers’ Pension Plan Board acquired a co-control stake in GPA Global from EQT Private Equity and other minority shareholders. Tom Wang and Adam Melton, GPA co-founders, will roll over their respective ownership and continue to lead the company.
InfraRed Capital Partners and Northleaf Capital Partners each acquired 40% of passive mobile tower assets from Infratil Limited and Brookfield Asset Management Inc. owned Vodafone New Zealand for NZ $1.7B. Infratil will invest to hold 20%.
VerSe Innovation secured US $375M additional funding from CPP Investments, following US $430M funding round in August 2021 with participation CPP Investments, Ontario Teachers’, Luxor Capital, Sumeru Ventures, Sofina Group, Baillie Gifford and others.
Ontario Teachers’ Pension Plan Board made follow-on investment in Singapore-based Princeton Digital Group as part of US $500+ million equity investment round led by Mubadala Investment Company with participation of Warburg Pincus.
Shenzhen China and Markham Ontario based Shoplazza closed US $150M Series C1 financing led by Softbank Vision Fund 2, with participation from Chimera, Stepstone and existing investors Sky 9 Capital, Sequoia Capital China, Qianhai FoF and Elegrace.
Xero (ASX: XRO) to acquire Trilogy Software, dba TaxCycle, from founder Cameron Peters and others for CDN $70M. TaxCyle employees will be granted CDN $5M in restricted stock units. Peters will continue to lead TaxCycle.
KUBOTA Corporation agreed to acquire AgJunction Inc. from Patricia Industries, a wholly owned subsidiary of Investor AB, and other shareholders for CDN $0.75 per share for CDN $91M in cash