Canada Pension Plan Strikes $606M Deal For Food Portfolio

Law360, New York (March 5, 2013, 4:01 PM EST) -- The Canada Pension Plan Investment Board said Monday that it had acquired the food portfolio of Texas private equity firm HM Capital for $468 million and will invest another $138 million into a newly formed fund to be managed by HM Capital executives once their firm winds down.

CPPIB said it picked up the portfolio, comprised primarily of food assets, from the HM Capital Sector Performance Fund and unnamed co-investors. The Canadian pension fund giant will separately invest in the new fund, Kainos Capital Partners, which...
To view the full article, register now.