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KKR, PSP Investments to acquire $2.82bn stake in AEP's Ohio and Indiana & Michigan transmission companies

Jan 09, 2025•6 months ago

Contract Type

partnership

MontrealFinanceFinancial Services

Description

KKR and PSP Investments have announced a 19.9% stake acquisition in American Electric Power's Ohio and Indiana & Michigan transmission companies for $2.82 billion. The strategic partnership aims to support AEP's growth plans and grid reliability across its service territories.

Company Information

Company

PSP Investments

Location

Montreal, Quebec, Canada

About

The Public Sector Pension Investment Board (PSP Investments) is one of Canada's largest pension investment managers with C$204.5 billion of net assets under management as of March 31, 2021. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong.

Company News

(8 articles)

Wed, 21 Aug 2024 07:00:00 GMT

Public Sector Pension Investment Board announces Chief Investment Officer's departure - PR Newswire Canada

Mon, 17 Jun 2024 07:00:00 GMT

PSP Investments delivers solid financial returns in a complex investment environment - MultiVu

Tue, 11 Jun 2019 07:00:00 GMT

PSP Investments Posts 10.7% 10-Year Annualized Rate of Return as Net Assets Under Management Grow by 9.7% to $168 Billion in Fiscal Year 2019 - PR Newswire

Wed, 20 Sep 2023 07:00:00 GMT

Say no to a $15-billion slush fund for the oil and gas industry - Policy Options

Wed, 11 Oct 2017 07:00:00 GMT

BC Partners-Led Consortium, Including PSP Investments and Ontario Teachers’, Acquires CeramTec, a Leading International Manufacturer and Supplier of Technical Ceramic - Ontario Teachers' Pension Plan

Mon, 28 Feb 2022 08:00:00 GMT

PSP Investments Announces Inaugural Green Bond Issuance - 美通社

Tue, 03 May 2016 07:00:00 GMT

PSP Investments Launches ROADIS, its New Global Road Investment Platform - PR Newswire

Tue, 30 Mar 2021 07:00:00 GMT

Cerba healthcare to welcome EQT as new shareholder to foster innovation and continue to meet the healthcare challenges - PR Newswire UK

FundzWatch™ Score

Medium Activity

Agreement Insights

Based on industry data

Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

Contract momentum indicator

Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months