CDPQ Gains Stake in GSE Environmental Through Groupe Solmax
Canadian geomembrane producer Groupe Solmax Inc. has acquired a majority stake in its Houston-based rival, GSE Environmental Inc., from Littlejohn & Co., LLC and Strategic Value Partners, LLC, under undisclosed terms. The two private investment firms, both of which are based out of Connecticut, acquired GSE after the company sought bankruptcy in 2014. Caisse de dépôt et placement du Québec (CDPQ) and development capital firm Fonds de solidarité FTQ provided financing on the transaction, earning them minority equity positions in GSE.
In 2014, GSE had received up to US$ 45 million in debtor-in-possession financing.
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The Abu Dhabi Investment Authority (ADIA) is seeking to sell the building that houses the headquarters of the Korea Investment Corporation (KIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
The Bank of Montreal (BMO) and the Ontario Teachers’ Pension Plan (OTPP) participated in a landmark blockchain Canadian-dollar debt transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
Just Group plc acquired a 75% ownership stake in the holding company of Corinthian Pension Consulting Limited (Corinthian Pension Consulting). Operating in the institutional world for over 12 years, Corinthian Pension Consulting provides advisory services to defined-benefit pension scheme trustees and scheme sponsors undertaking bulk scheme exercises. The remaining 25% will be retained by current shareholders of Corinthian Pension Consulting. Robert MacGregor will continue to lead Corinthian Pension Consulting, as its Chief Executive Officer. Furthermore, Corinthian Benefits Consulting Limited and Corinthian Affinity Solutions Limited will continue to operate as before, becoming part of a newly formed holding company, Corinthian Group Holdings Limited.
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