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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