CPPIB, Ontario Teachers invest in Mexico's IDEAL

CPPIB, Ontario Teachers invest in Mexico's IDEAL

M&A Equity Capital Markets Project & Infrastructure Finance Mexico Canada

Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers' Pension Plan have agreed to buy 40% of the Mexican infrastructure developer IDEAL through a tender offer on the BMV stock exchange in Mexico City. CPPIB will acquire 23.7% of IDEAL, while Ontario Teachers will buy 16.3% for MXN43.96 ($2.27) per share, the two Canadian pension funds said in a statement. As part of the deal, an IDEAL subsidiary will form an infrastructure investment trust, known as a Fibra-E, funded by CPPIB, Ontar

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