CANADA - Teacher's Private Capital, the private investment arm of the C$96bn Ontario Teachers' Pension Plan (OTPP), is to buy Dynea North America from Finnish company Dynea Chemicals Oy.
Dynea North America, which is a speciality resin adhesive and paper overlays producer with annual sales over US$550m, is headquartered in Mississauga and has operations across Canada, the United States and Mexico. The financial details of the deal have not been disclosed.
Teachers' Private Capital, with more than C$11bn in assets, provides equity and mezzanine debt capital for large and mid-cap companies, venture capital for developing industries, and financing for a growing portfolio of infrastructure and timberland assets worldwide.
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Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.
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