If you love eating biscuits, you must have, at some point, come across Jammie Dodgers and Maryland Cookies. Besides their delicious taste,another similarity between the two brands istheir owners, Burton’s Biscuit Company. Ontario Teachers’ Pension Plan has recently acquired the UK’s number two biscuit maker for an estimated £350m. However, the managerial team has managed to negotiate themselves a small stake in the business, which hasn’t been performing terribly well of late. Last year, sales dropped by £8m to £333m. This isn’t the first time; Canada's biggest single-profession pension fund has struck in the UK, with their stakes here currently valued at £4.3bn. This represents nearly 6% of theirtotal net assets of £77bn. In fact, just four weeks ago, the fund also purchased the Busy Bees nursery chain. These two companies will now belong to the Fund’s UK rooster, which alsoincludes the likes of Birmingham Airport and Camelot, best known for operating the National Lottery.
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