CPP Investments completed the acquisition of Ports America from Oaktree Capital for $4bn.

Canada Pension Plan Investment Board, a global investment management organization, completed the acquisition of Ports America, an operator of marine terminals, from Oaktree Capital, a private equity firm, for $4bn. "Ports America represents the opportunity to continue to invest in a high-quality operator that plays an important role in global trade, making the Company a good fit for our long-term infrastructure investment strategy. Through further investment, Ports America can continue to meet these needs and we look forward to working with CEO Mark Montgomery and the management team to support the growth of the business in the upcoming years," Scott Lawrence, CPP Investments Managing Director and Head of Infrastructure.