Ontario Teacher’s Pension Plan Invests in Tierpoint

Paul, Weiss is advising Ontario Teachers’ Pension Plan, Canada’s largest single-profession plan with more than $200 billion in net assets, on its agreement with a consortium of investors to make a preferred equity investment in St. Louis-based Tierpoint LLC, a leading provider of cloud, colocation and managed services. The transaction is expected to close mid-April. Paul, Weiss also assisted Ontario Teacher’s Pension Plan in its initial investment in Tierpoint in 2014.

The Paul, Weiss team includes, among others, corporate partner Matthew Abbott and tax partner Scott Sontag.