{"id":16896,"date":"2019-09-19T09:45:36","date_gmt":"2019-09-19T13:45:36","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/cppib-invests-in-indonesian-toll-road-caisse-in-job-website-omers-in-restaurant-technology-135950"},"modified":"2019-09-19T09:45:36","modified_gmt":"2019-09-19T13:45:36","slug":"cppib-invests-in-indonesian-toll-road-caisse-in-job-website-omers-in-restaurant-technology","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/09\/19\/cppib-invests-in-indonesian-toll-road-caisse-in-job-website-omers-in-restaurant-technology\/","title":{"rendered":"CPPIB invests in Indonesian toll road, Caisse in job website, OMERS in restaurant technology"},"content":{"rendered":"\n
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Staff<\/span> | September 19, 2019 <\/p>\n

The Canada Pension Plan Investment Board is making its first infrastructure investment in Indonesia, with the acquisition of a 45 per cent interest in PT Lintas Marga Sedaya, the concession holder and operator of the Cipali toll road, a critical link in the transportation network of the island of Java.<\/p>\n

PT Baskhara Utama Sedaya, a wholly-owned subsidiary of PT Astra Tol Nusantara, currently owns a 45 per cent stake and will increase that to 55 per cent, while the CPPIB will acquire the remaining 45 per cent stake.<\/p>\n

\u201cWe are pleased to invest in the Cipali toll road alongside Astra Infra, a knowledgeable and sophisticated local partner, and look forward to a successful long-term relationship between our two organizations,\u201d said Scott Lawrence, managing director and head of infrastructure at the CPPIB, in a press release. \u201cCipali toll road provides CPPIB access to a vital infrastructure development supported by rising motorization rates in one of the most densely populated and economically productive regions in Indonesia.\u201d<\/p>\n

Read: Which emerging markets should investors be considering?<\/a><\/strong><\/p>\n

In other investment news, the Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec is making a $53 million investment in Neuvoo.ca, a Canadian employment website.<\/p>\n

The cash injection is intended to enable the company to further expand and optimize its artificial intelligence-based platform.<\/p>\n

\u201cThrough this transaction, CDPQ supports a new economy company which is growing at a rapid pace and has distinguished itself and become an international leader thanks to the successful integration of artificial intelligence,\u201d said Charles \u00c9mond, executive vice-president and head of Quebec investments and global strategic planning at the Caisse, in a press release. \u201cAt Neuvoo, they have designed a unique technology that is positioning their company as a strong competitor in the online job recruiting market.\u201d<\/p>\n

Read: Caisse invests in Element AI\u2019s $200-million Series B round<\/a><\/strong><\/p>\n

Still further, the Ontario Municipal Employees Retirement System\u2019s growth equity group led a $158 million round of financing for TouchBistro, a restaurant technology solution provider. The OMERS is investing $85 million, alongside Barclays, RBC Ventures and BMO Capital Partners. The pension fund\u2019s venture capital arm had previously invested in the company.<\/p>\n

\u201cThis is a fabulous opportunity to partner with TouchBistro as it continues supporting its restaurant partners with innovative and market-leading software products,\u201d said Mark Shulgan, managing director and head of growth equity at the OMERS, in a press release. \u201cThe restaurant industry is a large market and can realize significant improvements in efficiency and profitability by adopting technology like TouchBistro\u2019s,\u201d he added.<\/p>\n

Read: OMERS investing in agri-food venture capital fund<\/a><\/strong><\/p>\n

Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Staff | September 19, 2019 The Canada Pension Plan Investment Board is making its first infrastructure investment in Indonesia, with the acquisition of a 45 per cent interest in PT Lintas Marga Sedaya, the concession holder and operator of the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16896"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=16896"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16896\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=16896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=16896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=16896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}