16 dec J.P. MORGAN ASSET MANAGEMENT, TOGETHER WITH ONTARIO TEACHERS’ PENSION PLAN, COMPLETES THE ACQUISITION OF KOOLE TERMINALS
London, 16 December 2015 – Institutional investors advised by J.P. Morgan Asset Management – Global Real Assets, together with Ontario Teachers’ Pension Plan (“OTPP”), have completed the acquisition of Koole Terminals (“Koole Terminals” or the “Company”) from EQT Infrastructure (“EQT ”).
Commenting on the completion of the acquisition Koole’s CEO, John Kraakman, said “I am delighted to have two fully aligned, long term investors with the desire to grow the business as the new owners of Koole Terminals. I look forward to working with them and drawing on their experience as sophisticated infrastructure owners to execute our exciting plans for the future.”
It is intended that the Koole family, as well as certain members of the senior management team of Koole, invest alongside J.P. Morgan Asset Management’s clients and OTPP in Koole.
For further information please contact:
J.P. Morgan Asset Management
Charlotte Powell, Media Relations
+44 (0) 20 7742 2112, firstname.lastname@example.org
Ontario Teachers’ Pension Plan
Deborah Allan, Vice-President, Communications
+1 (416) 730-5347, email@example.com
About Koole Terminals
Koole Terminals is a leading independent storage company in North-West Europe headquartered in Zaandam, Netherlands. The company operates eight tank storage terminals and own fleet of twelve barges and three coasters. Koole Terminals has a total storage capacity of over 2,000,000 million cubic meters handling a wide range of liquid bulk products including vegetable oils, mineral oil products, waxes, (oleo-) chemicals, and other liquid products which are being stored and handled in Rotterdam, Zaandam, Amsterdam, Nijmegen, United Kingdom and Poland.
For further information, please visit www.koole.com
About J.P. Morgan Asset Management – Global Real Assets
J.P. Morgan Asset Management – Global Real Assets has more than $87 billion in assets under management and more than 400 professionals in the U.S., Europe and Asia Pacific, as of September 30, 2015. With a 45-year history of successful investing, J.P. Morgan Asset Management – Global Real Assets’ broad capabilities provide many of the world’s most sophisticated investors with a global platform of real estate, infrastructure and transportation strategies driven by local investment talent with disciplined investment processes consistently implemented across asset types and regions. The Global Real Assets team is part of J.P. Morgan Asset Management’s Alternatives Investments business, which collectively manages over $120 billion in client assets across real assets, hedge funds, credit and private equity.
For more information: jpmorgan.com/institutional/global_real_assets
About Ontario Teachers’ Pension Plan (“OTPP”)
Ontario Teachers’ Pension Plan (“OTPP”) is Canada’s largest single-profession pension plan, with $154.5 billion (€108.2 billion) in net assets at December 31, 2014. It holds a diverse global portfolio of assets, 80% of which is managed in-house, and has earned an annualized rate of return of 10.2% since the plan’s founding in 1990. OTPP is an independent organization headquartered in Toronto. Its Asia-Pacific region office is located in Hong Kong and its Europe, Middle East and Africa region office is in London. The plan, which is fully funded, invests and administers the pensions of 311,000 active and retired teachers in the province of Ontario.
For more information, visit otpp.com and follow us on Twitter @OtppInfo.