BCI
| Pension Fund | |
| ISIN | 🆔 |
| Industry | Investment management |
| Founded 📆 | 1999 |
| Founder 👔 | |
| Headquarters 🏙️ | Global, |
Area served 🗺️ | |
Key people | Peter Milburn (Chairman) Gordon J. Fyfe CEO)[1]:p.4 |
 $14 Billion (June 2018) | |
| 💎 AUM | $145 Billion (June 2018)[2] |
| Members | |
Number of employees | |
| 🌐 Website | bci |
| 📇 Address | |
| 📞 telephone | |
BCI, officially the British Columbia Investment Management Corporation, is a Canadian Crown corporation established in 1999, to oversee and invest British Columbia's provincial wealth funds. As of June 30, 2018, BCI manages over C$145 billion in investment assets.[3][4] Headquartered in Victoria, BC, BCIMC is one of the world's biggest investment funds, operating out of 23 offices across 17 countries.[5]
Investment Groups[edit]
BCI has four major investment divisions:[6]
- Capital Markets, which focusses on equities, fixed income and all weather strategies
- Private Equity which focusses on making private market investments in technology, industrials, consumer and healthcare sector companies primarily in North America and Europe
- Infrastructure & Renewable Resources which focusses on opportunistic investments in infrastructure and renewable energy companies
- QuadReal Property Group is BCI's real estate investment vehicle, making core+, opportunistic and debt investments in real estate assets globally
Major Investments[edit]
Verifone[edit]
California based electronic payments technology company, Verifone was acquired in a take-private buyout by BCI and Francisco Partners for $3.4 Billion in 2018
GCT Global Container Terminals[edit]
BCI and IFM Investors announced in 2018 their intention to acquire GCG Global Terminals Inc. from OTPP in a transaction believed to be worth $4 Billion
Springs Window Fashions[edit]
BCI and AEA Investors acquired Springs Window Fashions, the 3rd largest window covering company in the world from Golden Gate Capital for an undisclosed sum
Hayfin Capital Management LLP[edit]
BCI acquired a majority stake in London based credit focussed hedge fund in 2017 for an undisclosed amount
Refresco Group[edit]
In 2017, BCI and French private equity firm acquired Refresco's European bottling business for $1.6 Billion in cash
Delta Hotels[edit]
- In 2007, Delta Hotels, a luxury chain of hotels was acquired by BCI from Fairmont Hotels and Resorts, and eventually sold to Marriott Hotels in 2015
TimberWest Forest Corporation[edit]
- in 2011, BCI and PSP Investments acquired the Canadian publicly traded TimberWest Forest Corporation for $1.03 Billion in cash and debt in a take-private buyout transaction
References[edit]
- ↑ "2016 Annual report". BCIMC.
- ↑ "Condensed Interim Consolidated Financial Statements of BCIMC - December 31, 2017". BCI.ca. February 8, 2018. p. 1.
- ↑ "BCIMC Homepage". Retrieved 26 February 2018.
- ↑ "2017 Annual Report". BCIMC. May 26, 2017.
- ↑ Thompson, Jennifer (May 18, 2017). "Canada Pension Plan triples returns on global markets rally". ft.com.
- ↑ Cite error: Invalid
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