BCI Takes Significant Minority Stake in Authority Brands

BCI Makes Strategic Minority Investment in ZEDRA

March 2, 2022

Financial Services

British Columbia Investment Management Corporation (BCI) has made a strategic minority investment in ZEDRA, a global provider of active wealth, corporate and fund administration services. Corsair remains the majority shareholder and ZEDRA's management team participated alongside BCI to support the firm's continued organic and inorganic growth and geographic expansion.

BCI and Preservation Capital Partners Invest in BMS Group at £500M Valuation

June 5, 2019

Insurance

British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP) agreed to invest in UK-headquartered insurance broker BMS Group at a valuation of £500 million (USD 636 million). The transaction, expected to close in Q3 2019 subject to regulatory approvals, is a minority/growth investment that leaves BMS management and staff as significant shareholders and supports the firm's continued independent growth.

Ethos Capital-led Investor Group (with BCI, White Mountains and T. Rowe Price) Invests in BroadStreet Partners

April 10, 2025

Insurance

An investor group led by Ethos Capital, alongside British Columbia Investment Management Corporation (BCI), White Mountains Insurance Group and accounts advised by T. Rowe Price, has acquired an ownership position in BroadStreet Partners. Ontario Teachers' Pension Plan will retain a significant co-control stake; the investment will support BroadStreet's continued growth, M&A activity and technology/digital transformation.

Macquarie Asset Management and BCI Acquire Renewi

June 6, 2025

Environmental Services

Macquarie Asset Management (via Macquarie European Infrastructure Fund 7) and British Columbia Investment Management Corporation (BCI) have completed the acquisition of Renewi, a leading waste-to-product recycling company. The Consortium said it will support Renewi’s One Renewi transformation strategy and growth plans to strengthen recycling yields and expand its position across the Netherlands, Belgium, France and Portugal.

CVC Capital Partners Acquires Majority Stake in BIP from Apax Partners

June 1, 2021

Consulting

CVC Capital Partners has agreed to acquire Apax Partners' majority stake in BIP (Business Integration Partners). The BIP founders and existing equity partners will retain significant stakes and continue to manage the group as CVC supports the firm's next phase of international growth and capability expansion.

Authority Brands Acquires Clockwork, Inc.

February 21, 2019

Professional Services

Authority Brands, a home-services franchising platform backed by funds advised by Apax Partners, agreed to acquire Clockwork, Inc. and certain affiliates (owner of Benjamin Franklin Plumbing, Mister Sparky and One Hour) from Direct Energy Group (a Centrica plc subsidiary). The add-on deal — expected to close in the first half of 2019 — expands Authority Brands' portfolio and doubles its system revenue to over $1 billion.