Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”) is pleased to announce its has acquired a co-control stake in GPA Global (“GPA”, or the “Company”) from EQT Private Equity (“EQT”) and other minority shareholders. GPA’s two founders, Tom Wang and Adam Melton, will roll over their respective ownership and continue to lead the Company. Terms of the transaction are not being disclosed.
The Canada Pension Plan Investment Board is entering a joint venture focused on the hospitality sector. The new scheme, which also includes Hamilton Pyramid Europe, a subsidiary of the Pyramid Global Hospitality Group, aims to acquire operating hotels in European gateway cities and resort destinations. The investment organization has committed €475 million (about $624 million) […]
Toronto [Canada]/Mumbai (Maharashtra) [India], August 17 (ANI/PRNewswire): Ontario Teachers' Pension Plan Board ("Ontario Teachers'"), today announced an agreement to acquire a significant majority stake in Sahyadri Hospitals Group ("Sahyadri"), the largest private hospital chain in the state of Maharashtra, from the Everstone Group. Existing sponsor, Everstone Group, along with key management and founders will retain minority stakes in the company. Sahyadri has 8 hospitals with c. 900 operating beds and 300 critical-care beds. In addition, the hospital chain has plans to grow its capacity by over 500 beds during the next five years. With 2,000 clinicians along with 2,600 supporting staff across its network of hospitals, Sahyadri's facilities are concentrated around the city of Pune, which is the second largest city in Maharashtra by population. "We are pleased to acquire a majority stake in Sahyadri Hospitals, which is our first control private equ