Canada Pension Plan Investment Board (“CPPIB”) completed a secondary transaction whereby CPPIB invested the capital required to acquire a portfolio of primarily food assets through a special purpose vehicle. The assets were acquired from the HM Capital Sector Performance Fund and related co-investors for US$468 million. CPPIB also committed US$138 million in a newly-formed private equity fund, Kainos Capital Partners in which CPPIB will be the lead investor. The Food and Consumer Products team of HM Capital Partners will manage both the assets that CPPIB has acquired as well as manage the Kainos Capital fund, focusing on investments in the food sector.
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Dallas-based Kainos Capital is a sector-focused private equity firm that primarily makes control investments in the food industries.
CPPIB was represented by Goodmans LLP with a team that included David Matlow, Keir Hunt and Katelyn Rancourt (corporate/private equity); and by Torys LLP with respect to tax and regulatory matters with a team that included Peter Keenan, John Cameron and Ari Feder.
Kainos and HM Capital were represented by Weil, Gotshal & Manges LLP with a team that included Glenn West, Michael Saslaw, Jennifer Seymour and Sam Peca (private equity/M&A); David Kreisler, Luke Harris and Katherine Dziedzic (private funds); Jared Rusman and Tara Lancaster (tax); Paul Ferrillo (insurance) and John Sipple and Vadim Brusser (antitrust).
