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OTPP Announces Sale of MLSE Majority Interest

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The press release states, “the Ontario Teachers’ Pension Plan (Teachers’) today announced it has reached an agreement to sell its 79.53% ownership share in Maple Leaf Sports and Entertainment (MLSE) to Bell and Rogers Communications Inc.

The purchase price for Teachers’ interest is $1.32 billion, based on an enterprise value of just over $2 billion.

Although Teachers’ announced on November 25 that it would retain its MLSE ownership position, it subsequently was approached by Bell and Rogers with an unsolicited offer that meets all of its original terms and conditions for sale. The sale agreement follows an eight-month review process of numerous expressions of interest in MLSE.

“MLSE is one of Teachers’ longest standing and most successful investments,” said Jane Rowe, Senior Vice-President, Teachers’ Private Capital. “We are proud of this iconic company, in which we first invested in 1994. It is second to none in the industry and has a very bright future. We believe that Bell and Rogers, with their MLSE partner Kilmer Sports, will deliver on the company’s potential.”

The transaction is expected to close in mid-2012 and is subject to regulatory and league approvals. Larry Tanenbaum will continue to serve as Chair of MLSE and as a Governor of the NHL, the NBA and Major League Soccer.”

Read more: OTPP Press Release

QIA Becomes the Largest Shareholder in Colonial

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The Qatar Investment Authority (QIA) became the biggest shareholder of Inmobiliaria Colonial, SOCIMI, S.A. (Colonial), a Spanish listed real estate company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Mumtalakat Discloses Investment in Khairat Bahrain

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Bahrain Mumtalakat Holding Company disclosed an investment in Sudan called Khairat Bahrain. This is an agricultural investment in Sudan. The food and agriculture sector is key investment sector for many Gulf-based state investors. Khairat Bahrain is located in the world’s richest expanse of groundwater (the Nubian Sandstone Basin) occupying an area of approximately 100,000 feddans (400 square kilometers). The Nubian Sandstone Aquifer System is the world’s largest known fossil water aquifer system.

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Temasek Acquires Cybersecurity Firm Sygnia

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Singapore’s Temasek Holdings agreed to acquire Sygnia, Inc., an Israeli cybersecurity technology and services provider. Unverified estimates of the deal amount are around US$ 250 million. Sygnia runs out of Tel Aviv, but has an office in New York. Sygnia assists companies respond to cyber threats.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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