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Ontario Teachers to buy Brazilian electricity firm Evoltz from TPG


By IPE staff2021-05-10T15:27:00+01:00
Ontario Teachers’ Pension Plan Board is buying an electricity transmission platform in Brazil from TPG.
Ontario Teachers has agreed to buy Evoltz Participações from the global alternative asset manager for an undisclosed sum.
Founded by TPG in 2018, Evoltz consists of seven electricity transmission lines that total more than 3,500km across 10 states in Brazil.
Dale Burgess, senior managing director, infrastructure and natural resources at Ontario Teachers, said: “Evoltz is a highly attractive portfolio of power transmission concessions that provides reliable power to businesses and consumers across Brazil.
“Our strategy focuses on allocating significant capital to high-quality core infrastructure assets with lower risks and stable inflation-linked cash flows. Electricity transmission businesses are particularly attractive given their importance in facilitating a transition to a low-carbon economy.” ....

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Kry Secures Over US$300m Investment to Accelerate European Expansion Plans


Kry Secures Over US$300m Investment to Accelerate European Expansion Plans
Digital healthcare company Kry, operating as Livi in the UK and France, today announced a funding round of over US$300m (€262m) to fuel its European expansion plans.
The Series D funding round was led by CPP Investments (CPPIB) and Fidelity Management Research LLC with participation from existing investors, including the Ontario Teachers Pension Plan (Ontario Teachers ), Index Ventures, Accel, Creandum and Project A.
Kry will use the investment to scale its platform, building on both its operations as a healthcare provider and its innovative software offerings as well as further geographic expansion. This will bring the benefits of its technology to millions more patients across Europe. ....

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