Ontario flies solo on $840m Doane deal

Teachers' Private Capital, the private equity arm of the $69bn (€56bn) Ontario Teachers' Pension Plan in Canada, has bought Doane Pet Care, the largest manufacturer of private label pet food in the US for $840m.

The buy-out, a large and rare deal for a pension fund, underscores Ontario's growing maturity as a stand-alone private equity company.

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