CDPQ completed the acquisition of a 50% stake of Connexa from OTPP and Spark for NZ$909m.

CDPQ, a private equity firm, completed the acquisition of a 50% stake of Connexa, a solar energy company, from Ontario Teachers’ Pension Plan, a venture firm, and Spark, a telecommunications and digital services company, for NZ$909m. “We are thrilled to join forces with Ontario Teachers’ to invest in Connexa. This marks CDPQ's inaugural infrastructure investment in the country and our third investment in mobile networks globally during the past five years. Together, we will bring international sector expertise and long-term capital to support Connexa in delivering its growth strategy,” Emmanuel Jaclot, CDPQ Executive Vice President and Head of Infrastructure.