PSP Investments buys minority stake in BC Partners-backed Allflex
Canada's Public Sector Pension Investment Board (PSP Investments) has acquired a "significant" minority interest in Allflex Group, a European provider of animal intelligence and monitoring technologies. No financial terms were disclosed. The stake in Allflex was sold by British private equity firm BC Partners, which will remain the controlling shareholder. BC Partners acquired the company from Electra Partners for US$1.3 billion in mid-2013. Guthrie Stewart, senior vice president and global head of private investments at PSP, said the deal will increase the Montréal-based pension fund's presence in the European private equity market.
10 June 2016•3 mins read
