Canada Pension Plan Investment to invest $450m in CVC Capital-backed Ontic.

Canada Pension Plan Investment, a private equity firm, agreed to invest $450m in CVC Capital-backed Ontic, a provider of OEM licenced parts and repair services for established aerospace technologies. "Ontic is a globally trusted aerospace partner, supporting and supplying established aircraft parts to the world's aerospace leaders. It is uniquely positioned to address the strong need for products and services necessary to extend longevity of existing aircraft fleets. We look forward to working alongside CVC, a long-standing partner to CPP Investments, and the Ontic leadership team, to support the business as it aims to continue its current growth trajectory, while delivering attractive risk-adjusted returns for CPP contributors and beneficiaries," Hafiz Lalani, CPP Investments Managing Director.