Investment Spotlight

In our first foray into the North American rail sector, AIMCo acquired a 100% stake in Cando Rail & Terminals. One of North America’s largest owners and operators of first and last mile rail infrastructure, Cando operates an inter-connected network of 40+ industrial railyards, 9 owned terminals and a short-line railroad.

AIMCo increased its stake in Howard Energy Partners to 87%. The diversified energy platform business with strategically located midstream and downstream assets in the U.S. aligns strongly with AIMCo Infrastructure’s energy transition strategies.

AIMCo acquired 77 Wade, a life science development site located in Toronto’s Junction neighbourhood. Slated for completion in 2024, 77 Wade will be Toronto’s premier, purpose-built life science building featuring state-of-the-art specifications offering flexible space requirements for biotechnology companies.

Sherborne Wharf is one of five multi-family assets situated in gateway cities around the U.K. acquired alongside specialist partner Ridgeback. The transaction more than doubled AIMCo’s U.K. portfolio of rental apartments to more than 3,100 units.

Lawson Grains, one of Australia’s largest corporate grains businesses, was acquired by the AIMCo Renewable Resources team in January 2022. The portfolio consists of over 100,000 hectares of land across 10 aggregations in the prime grain-growing regions of New South Wales and Western Australia.

AIMCo’s Public Equities team completed a private placement with Bank of Montreal, providing our clients with an attractive, risk-adjusted capital solution with a strategic partner. The transaction is an example of the team’s internal research capabilities, constructive long-term perspective on the Canadian banking sector, and commitment to sourcing differentiated deal flow on behalf of AIMCo’s clients.

Baring Private Equity Asia (BPEA) VIII has been a leading pan-Asian private equity investor for over 25 years. The transaction forms an important part of AIMCo Private Equity’s continued expansion into Asia given the firm’s demonstrated track record, expertise, and hands-on approach to value creation across the region.

Anaplan is a leading provider of cloud-based connected planning software solutions. Investing alongside our external fund partner, Thoma Bravo, this transaction exhibited many of the core characteristics AIMCo Private Equity seeks, including being a market leader in a large and growing end market, operating in an attractive sector, and demonstrating a strong financial profile.