Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Horizontal, blurred (Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Ho
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PSP Investments announced plans to join CPP Investments and global infrastructure company Ferrovial in the 407 ETR ownership group, with a 7.51% stake. The deal will cost it about $2.39 billion, payable to CPP when the deal closes, plus a deferred payment due up to 18 months later.

“[This] represents our largest infrastructure commitment in Canada to date and exemplifies our broader infrastructure strategy, which is focused on investing in high-quality, essential global infrastructure assets in transportation, communications and energy,” Sandiren Curthan, managing director and global head of infrastructure investments at PSP Investments said.

At the same time, engineering services and nuclear company AtkinsRéalis (formerly SNC-Lavalin Group) has agreed to sell its 6.76% stake in 407 ETR to CPP Investments and Ferrovial. That will bump CPP Investments’ stake to 44.2% and Ferrovial’s to 48.29%.

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OPG has issued $1 billion in green bonds to fund low-carbon energy projects, and added Cedar Leaf Capital to its dealer syndicate.

Cedar Leaf Capital is a partnership between Nch’ḵay̓ Development Corp., Des Nedhe Group, the Chippewas of Rama First Nation and Scotiabank. The firm acts as an underwriter and placement agent for new Canadian corporate and government debt issues.

“OPG is a leader in low-carbon energy, and we are proud to work alongside them,” said Clint Davis, CEO of Cedar Leaf Capital.

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The investment holding company Groupe Bruxelles Lambert (GBL) has announced a plan to buy 5% of Sagard, the multi-strategy alternative asset management firm, via its subsidiary GBL Capital.

The deal is valued at US$33 million, based on an equity valuation. In addition to the purchase, GBL will “submit significant capital over the next five years to Sagard-managed strategies,” according to a press release.

Sagard manages more than US$27 billion, with offices in Canada, the U.S., Europe and the Middle East.

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Vancouver’s Argenta Silver Corp. has caught the eye of Argentina’s Eduardo Elsztain. IFIS, which is part of the Elsztain Group, will purchase 25 million shares of Argenta via a private placement.

The investment’s value is $5 million, representing a 12.69% share of the company.

“Silver is playing an increasingly vital role in the global economy,” Elsztain said. “I look forward to supporting both Argenta’s growth with this exceptional project and the country’s outstanding future.”

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Windsor Private Capital topped up its telecommunications holdings by acquiring Grey Bruce Telecom by EH!tel Networks Inc., a portfolio company owned by WPC Infrastructure Fund.

“This transaction aligns with our broader strategy of investing in critical digital infrastructure that supports economic development and enhances connectivity,” said Marco Di Carlantonio, senior vice-president of Windsor Private Capital and director of EH!tel Networks Inc.

Windsor Private Capital’s WPC Infrastructure Fund also holds Bruce Telecom.

Submit your deal announcements to alisha.h@newcom.ca.