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.
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.
The Pensions Regulator (TPR) will double down on its supervision with hundreds of schemes expecting increased oversight, while more than 60 will be subject to dedicated, one-to-one supervision.