Canada Pension Plan Investment Board to invest $400m in WME| IMG.

Canada Pension Plan Investment Board has invested $400m of equity in WME│ IMG, entertainment company. The company acquired 8% of the stake. “This investment in a unique, market leading platform in entertainment, sports and media further diversifies our portfolio. WME│IMG’s broadly diversified group of global businesses and management team with a proven track record of building shareholder value position the company well for growth, particularly in content production and distribution. We are pleased to have another opportunity to invest alongside Silver Lake, a longstanding partner and WME│ IMG’s management to support future growth of the business.” Ryan Selwood, CPPIB Managing Director, Head of Direct Private Equity.