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July 31, 2015 6:26 PM ET

Capital Markets

Company Overview of Canada Pension Plan Investment Board

Company Overview

Canada Pension Plan Investment Board is a state owned pension fund sponsor. The firm invests in the public equity, fixed income, and alternative markets across the globe. It employs quantitative and fundamental analysis to create its portfolio. The firm also invests in private equity, real estate and infrastructure projects, and energy and natural resources. Under natural resource investments the firm focuses on oil and gas, mining and agricultural lands making investments in Canada as well as outside. It makes equity investments between $200 million and $1000 million and is flexible with respect to ownership interest. Within infrastructure investments the firm focuses upon global, private a...

One Queen Street East

Suite 2500

Toronto, ON M5C 2W5

Canada

Founded in 1997

Phone:

416-868-4075

Fax:

416-868-8689

Key Executives for Canada Pension Plan Investment Board

President and Chief Executive Officer
Age: 44
Chief Financial Officer and Senior Managing Director
Senior Vice-President and Chief Operating Officer
Senior Managing Director, Chief Investment Strategist, and Chairman of Investment Planning Committee
Age: 53
Senior Managing Director, General Counsel, and Corporate Secretary
Compensation as of Fiscal Year 2015.

Canada Pension Plan Investment Board Key Developments

AusNet Lead Bidder For TransGrid

AusNet Services (ASX:AST) is the lead bidder for TransGrid but is leaving its options open on whether it will bid alongside its major shareholders, Singapore Power Ltd and State Grid Corporation of China, or with other parties. Tony Iannello, AusNet’s Director leading the board subcommittee considering a bid, said that AusNet's experience and track record in running similar assets in Victoria placed it well to put forward a "competitive and compelling bid" for TransGrid, the first business to be sold off in the NSW government's $30 billion "poles and wires" privatization. Expressions of interest in TransGrid are due on July 14, 2015. Deutsche Bank and UBS are advising on the sale. TransGrid is worth about $9 billion. State Grid, which owns 19.9% of AusNet, is understood to have been in discussions with other potential bidders including Macquarie Infrastructure and Real Assets, Inc. Other consortiums include one of Spark Infrastructure Group (ASX:SKI), Hastings Funds Management Limited and Canadian and Middle Eastern parties. Australian Super is in a separate group with Borealis Capital Corporation and Canada Pension Plan Investment Board, while Cheung Kong Infrastructure Holdings Ltd. (SEHK:1038) is thought to be bidding alone. Other parties involved include China Southern Power Grid Co.,Ltd. with China Investment Corporation, and QIC Limited and IFM Investors Pty Ltd. "We believe foreign ownership will mean higher prices," said Steve Butler, NSW secretary of the Electrical Trades Union. Singapore Power and State Grid are being excluded from the work on the bid by AusNet and its adviser Citigroup until they decide whether they will participate in different groups. "We would dearly love them to support any bid that we put forward; what they decide to do is up to them," Tony Iannello said. He added: "We've had a lot of interest from a number of investors; given our strong operational capability it makes AusNet Services a prime target to lead any consortium. We're keeping our options open ... as we go through the bidding phase." Though he said AusNet could bid alone. "AusNet Services has got a very strong credit rating: We've got two major strategic investors and it has got access to a whole range of capital markets on the debt and equity side to be able to carry through on a bid," he said.

Buyout Firms To Make Offfers For Worldpay

A pack of giant investment firms are examining takeover bids for Worldpay, which is drawing up plans for a stock market listing valuing it at £6 billion. Sky News has learnt that private equity groups including CVC Capital Partners Limited; Hellman & Friedman LLC; The Blackstone Group L.P. (NYSE:BX) are in talks with WorldPay Limited's owners, Advent International Plc and Bain Capital, LLC about making offers that could derail a public listing. CVC is understood to be working with Canada Pension Plan Investment Board while Hellman & Friedman is discussing a joint bid with GIC Pte. Ltd., according to insiders. None of the proposals is yet at a formal stage.

Westfield To Sell $300 Million Mall In US

Westfield Corp. (ASX:WFD) is restructuring its California mall portfolio and is seeking to divest the $300 million mall, Westfield North County, in Escondido near San Diego. Westfield Corp. owns the mall in a joint venture with Canada Pension Plan Investment Board and has appointed Evercore Partners to shop a leasehold interest in Westfield North County.

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