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Ontario Teachers’ Pension Plan Closes Equity Investment in Tierpoint

Paul, Weiss client Ontario Teachers' Pension Plan, Canada's largest single-profession pension plan with more than $140 billion in net assets, announced the closing of an equity investment in St. Louis-based Tierpoint LLC, a leading provider of cloud, colocation and managed services. The investment was made in connection with Tierpoint's acquisition of Xand, a provider of highly resilient data center, cloud and managed services. The financial terms of the transaction were not disclosed.  

The Paul, Weiss team included corporate partners Matthew Abbott, Adam Givertz and Monica Thurmond; tax partner Scott Sontag; antitrust counsel Didier Malaquin; intellectual property counsel Menchem Kaplan; and environmental counsel William O'Brien.

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