Kirk Falconer

Ontario Teachers' Pension Plan (OTPP) said Rosemarie McClean, COO, enterprise operations, and senior vice president, will depart the organization at the end of this year. McClean, who joined Ontario Teachers' in 1986 and assumed her current role in 2014, will become CEO of the United Nations Joint Staff Pension Fund (UNJSPF) in January 2020. Based in New York, UNJSPF provides benefits to more than 205,000 staff of the United Nations and 23 other member organizations. As of June 30, it oversaw assets valued at US$67.4 billion.

Shareholders of Transat AT Inc (TSX: TRZ), a Montréal-based tour operator, have approved the company's proposed acquisition by Air Canada (TSX: AC) for $18 per share in cash. Air Canada, Canada's largest airline, amended the deal earlier this month. It is valued at about $720 million and expected to close early next year. Transat's largest shareholders include Fonds de solidarité FTQ and Caisse de dépôt et placement du Québec. Both voted in favour of the acquisition, according to a report by Reuters.

Geologic Systems Ltd has acquired Top Analysis Ltd, a Calgary-based provider of thermal oilsands information and competitive intelligence though a software-as-a-service platform. No financial terms were released for the purchase, which includes Top's entire product suite and team, led by President Trevor Phenix. Geologic, a Calgary-based provider of data and software decision support systems to the upstream oil and gas industry in Western Canada and elsewhere , said the deal will allow the company to better serve its customers. Established in 1983, Geologic in 2015 secured an investment from U.S. technology private equity firm BV Investment Partners.

U.S. real estate private equity firm Spear Street Capital has acquired O Mile-Ex, a Montréal-based artificial intelligence (AI) and technology hub. No financial terms were disclosed. The sellers were Canadian real estate development and investment firm TGTA, Québec private equity and venture capital firm Fondaction, and several local pension funds. In 2014, TGTA and Fondaction partnered in the acquisition of two buildings that now make up the nearly 400,000 square-foot O Mile-Ex. TGTA designed, developed, financed and managed the project. O Mile-Ex today houses some 20 tenants, including Element AI, a Montréal-based AI solutions company backed by venture capital investors.

360insights has acquired Ohana Companies, a Wilmington, Delaware-based promotional marketing business and rebate service provider. Terms weren't released for the deal, which follows 360insights' purchase earlier this year of MTC Performance, a Schaumburg, Illinois-based provider of sales incentive management solutions. 360insights, a Whitby, Ontario-based channel incentives management platform, said the acquisition of Ohana bolsters its consumer rebate offerings. Founded in 2008 by CEO Jason Atkins, 360insights closed a $30 million financing in 2016. The round was led by Sageview Capital and joined by OMERS Ventures, Klass Capital, Leaders Fund and Export Development Canada.

Fengate Asset Management has hired Jaime McKenna as managing director and group head, real estate. McKenna joins from Canadian real estate company Minto Group, where she has worked since 2008. McKenna most recently held the roles of chief investment officer of Minto Apartment REIT, and senior vice president, investments, of Minto Capital. Based in Toronto, Fengate is alternative investment manager focused on infrastructure, private equity and real estate strategies.

ComTech Energy has acquired a controlling interest in Kraus Global Ltd, a Winnipeg-based supplier of alternative fuel dispensing equipment and solutions. Terms weren't released for the deal, which was backed by undisclosed subordinated debt financing from Canadian private equity firm NorthSpring Capital Partners. NorthSpring invested in ComTech two years ago. Kraus is a portfolio investment of Canadian private equity firm PRIVEQ Capital Funds. In 2015, PRIVEQ led a management buyout of the company, deploying $6.2 million. ComTech, a Milton, Ontario-based designer, builder and maintainer of compressed natural gas fuelling infrastructure, said the acquisition positions it strategically in the global alternative fuels industry.

Hasbro Inc (Nasdaq: HAS) has agreed to acquire Entertainment One Ltd (LSE: ETO) (eOne), a Toronto-based music, film and television (TV) producer. The deal is valued at about US$4 billion ($5.3 billion). It is expected to close in Q4 2019. EOne’s Canadian TV and film operations will continue as a distinct locally-controlled business within Hasbro. Hasbro, a Pawtucket, Rhode Island-based toy maker, said the acquisition will advance its strategy by adding eOne’s family brands, such as Peppa Pig. EOne is a portfolio company of Canada Pension Plan Investment Board (CPPIB). In 2015, CPPIB acquired a minority stake from Marwyn Investment Management for $290 million.

Industrious, a New York-based provider of workplace solutions, has raised US$80 million in a Series D financing. The round, which brings total funding to US$222 million, was backed by several investors, including Brookfield Properties, an affiliate of Brookfield Asset Management, and Canada Pension Plan Investment Board (CPPIB). Founded in 2013, Industrious operates flexible workspaces and related sites through landlord partnerships. It currently has more than 80 locations in over 45 U.S. cities. The funds raised will be used for growing landlord services, doubling the company's network size, and expanding globally.