CPP Investments exits Goodman North American Partnership for US$2.2 billion

Company

Canada Pension Plan Investment Board (CPP Investments)

Company

Goodman Group

Law Firm / Organization
Goodman Group
Lawyer(s)

Samantha Evans

CPP Investments earned US$2.2 billion (C$3.02 billion) in net proceeds from its exit on January 3, 2025 from the Goodman North American Partnership (GNAP), a 45-55 venture with Australia’s Goodman Group formed in 2012 to invest in North American logistics and industrial properties. The exit highlights the partnership's strong performance.

Max Biagosch of CPP Investments emphasized the returns and reinvestment potential, while Goodman Group’s Greg Goodman praised the collaboration. Debevoise & Plimpton LLP advised CPP Investments on the transaction.

Merger & Acquisition
Other
$ 3,020,000,000
Active