Ontario Teachers' Pension Buys KKR Stake In GreenCollar For Undisclosed Sum

Ontario Teachers’ Pension Buys KKR Stake In GreenCollar For Undisclosed Sum

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WASHINGTON (dpa-AFX) – Ontario Lecturers’ Pension Plan, a Canadian pension fund agency, and KKR & Co. Inc. (KKR), introduced on Monday that they’ve inked a deal permitting Ontario Lecturers’ to purchase KKR and different shareholders’ stakes in GreenCollar, an Australian environmental markets platform.

The monetary phrases of the transaction, anticipated to be closed within the fourth-quarter, weren’t disclosed.

With this, Ontario Lecturers’ takes on a major majority stake in GreenCollar CEO and Co-founder, James Schultz, will proceed to steer the agency as a serious shareholder.

Submit transaction, all workers at GreenCollar will share within the proceeds from the sale to construct stronger corporations and drive higher monetary inclusion via worker possession and engagement, the corporate stated.

Ontario Lecturers’ first grew to become an investor in GreenCollar in March 2022.

KKR was suggested by Gilbert & Tobin and UBS, whereas Ontario Lecturers’ was served by Baker & Mackenzie and EY.

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