Pension pulse caisse to co-invest in colombia’s infrastructure physics electricity and magnetism study guide

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The FDN and Colombian pension fund administrators (AFPs) have created a new private capital fund of USD 490 million. This fund will co-invest with CDPQ through a platform whose objective is to make capital investments in infrastructure projects and companies for a total amount of up to USD 1 billion. CDPQ will contribute up to USD 510 million. The minimum size of each investment will be USD 50 million, split between the fund and CDPQ.

"We are very pleased to invest in Colombia with the private capital fund created by the FDN and pension fund administrators. This partnership combines our partners’ market knowledge with our expertise in infrastructure. electricity laws in india We believe that together, we can find the best investment opportunities in a variety of sectors, generate returns for our respective pensioners and at the same time contribute to economic growth in Colombia", stated Michael Sabia, President and CEO, CDPQ.

Following significant efforts to raise infrastructure debt financing, the FDN also identified a need for equity investments. This is how it came to spearhead the creation of the private capital fund, the co-investment platform and the partnership with CDPQ, a long-term strategic partner with a vast experience in infrastructure investment in various countries. Through these three initiatives, the FDN will be able to mobilize up to 10 times the invested resources.

"With this private fund, capital will be invested in infrastructure, with the support of all Colombian pension fund administrators, who will be able to make long-term equity investments in projects and companies, hand-in-hand with a professional, highly reputable investor and global leader in infrastructure investment, CDPQ. electricity wiki This is a leap for the country in the field of infrastructure financing", said FDN President Clemente del Valle.

The Financiera de Desarrollo Nacional (national development finance agency – FDN) is a specialized, technical and independent private entity charged with mobilizing the players and resources necessary to successfully develop the country’s infrastructure. Its specialization and knowledge of infrastructure and financing enable it to design solutions with sophisticated and innovative schemes and mechanisms aimed at adequately managing risks, and identifying and attracting other sources to participate in financing schemes. Through its objective of overcoming financing barriers and providing solutions, the FDN promotes efficient financing structures with the aim of obtaining competitive sources of long-term financing and mitigating the risks of refinancing.

The arrival of the IFC, Sumitomo Mitsui Banking Corporation and CAF Development Bank of Latin America as FDN shareholders bolstered the entity’s independence by bringing international best practices and solid corporate governance. These investors also reinforced the FDN’s technical capability by promoting financing of the country’s infrastructure projects and strengthened its financial muscle by mobilizing all of the stakeholders needed to fulfill this mandate.

Caisse de dépôt et placement du Québec (“CDPQ”) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2018, it held CAD308.3 billion in net assets. gaston y daniela As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN) ("Brookfield Business Partners") together with institutional partners (collectively, “Brookfield”) and Caisse de dépôt et placement du Québec (“CDPQ”), today announced that they have reached an agreement whereby Brookfield and CDPQ will acquire 100% of Johnson Controls’ Power Solutions business (“the Business”) for approximately US$13.2 billion.

“We are excited to grow our business with the acquisition of Power Solutions, a global market leader which generates consistent cash flows and profitability,” said Cyrus Madon, CEO, Brookfield Business Partners. “We look forward to partnering with the management team to continue growing this world-class business and build on its track record of innovation.”

“We are very pleased to partner with Brookfield, that shares our vision of value creation through long-term commitment,” commented Stéphane Etroy, Executive Vice-President and Head of Private Equity at CDPQ. “This transaction enables us to acquire not only the world leader in automotive batteries, but also a model in terms of environmental and health & safety measures, that runs one of the most efficient industrial recycling systems globally.”

Market Leading Business with Strong Competitive Position. The Business is the market leader in automotive batteries, with significant global reach and market share in both original equipment manufacturers and aftermarket channels. list of electricity usage by appliances It is well positioned to benefit from growth in demand for advanced batteries in all vehicle powertrains including electric vehicles.

Reputation for Safety, Product Quality, and Performance. Through its 100+ year history, the Business has earned a reputation for strong environmental health and safety standards, including a differentiated closed loop recycling program, and best-in-class product quality and distribution, supporting improved performance and reliability for its customers.

Brookfield Business Partners expects to fund approximately 30% of the equity on closing from existing liquidity. CDPQ will commit to fund approximately 30% of the equity on closing, and the balance will be funded by other institutional partners. Prior to or following closing, a portion of Brookfield Business Partners’ commitment may be syndicated to other institutional investors.

Financing will be led by a syndicate of banks including Barclays, Credit Suisse, JPMorgan Chase, BofA Merrill Lynch, BMO Capital Markets, CIBC Capital Markets, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, RBC Capital Markets, The Bank of Nova Scotia and TD Securities, who are each (other than Barclays) also acting as financial advisors to Brookfield.

Brookfield Business Partners is a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs. Brookfield Business Partners is listed on the New York and Toronto stock exchanges. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.

Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2018, it held CA$308.3 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

With this backing, the company will continue to execute its expansion plan, which includes penetrating new international markets and expanding its suite of products. h gas l gas brennwert Since its founding in Montréal in 2009, Plusgrade has become one of the fastest growing technology companies, and was ranked in Deloitte’s Canadian Technology Fast 50 list in 2016 and 2017. 93 gas near me Recently, it also received the Deloitte Technology Fast 50 Leadership award, which recognizes the innovation and leadership of companies at the forefront of the Canadian technology sector.

“Plusgrade has a unique and innovative business model that is revolutionizing practices in its industry. Meeting an airline industry need, their products have been quickly marketed around the world in the last few years,” stated Mathieu Gauvin, Senior Vice-President, Québec, at la Caisse. “This investment is aligned with our strategy of supporting the growth of Québec companies that prioritize innovation to drive their international development.”

"We are very excited to welcome la Caisse as our new institutional investment partner as we accelerate our growth into new markets and verticals," said Ken Harris, Founder and CEO, Plusgrade. "The confidence that la Caisse and TA Associates have shown in Plusgrade is a testament to the value that our talented team is delivering across our global footprint of travel suppliers. We look forward to la Caisse joining our Board and providing valuable guidance as we pursue our strategic growth initiatives."

Plusgrade is an award-winning technology company at the forefront of ancillary revenue and merchandising in the global travel industry. As the market-leading provider in its category of upsell solutions, Plusgrade is generating billions of dollars of new revenue opportunity and powering leading travel suppliers in more than 50 countries. Plusgrade is headquartered in Montréal with offices in New York and Singapore. For more information, please visit www.plusgrade.com.

I note the Caisse and and the Fédération professionnelle des journalistes du Québec (FPJQ) just announced the creation of the Fonds CDPQ pour la relève journalistique, an initiative that will provide ten young journalists or students each year with a $10,000 bursary enabling them to take a paid three to four month internship with a Québec media outlet.