CDPQ to acquire Connexa from OTPP for NZ$909m.

CDPQ, a private equity firm, agreed to acquire Connexa, a solar energy company, from Ontario Teachers’ Pension Plan, a venture firm, 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.