Advanced Disposal Services, Inc. , d/b/a Advanced Disposal, announced today that Canada Pension Plan Investment Board (CPPIB) has completed a $280 million investment in Series B Preferred Units of Star Atlantic Waste Holdings II, LP, which is an investment partnership sponsored by Highstar Capital and the principal owner of Advanced Disposal Services, Inc.

Proceeds were used to redeem an investor’s Series A partnership investment, and all remaining Series A Preferred Units were converted into Series B Preferred Units, which will result in lower preferred stock accrual expenses.

CPPIB’s investment will automatically be converted into common stock if Advanced Disposal Services, Inc. completes a qualified initial public offering. In addition, Michael Koen, Senior Principal, Relationship Investments of CPPIB has been appointed to the Board of Directors of Advanced Disposal Services, Inc.

在加入2009年加入CPPIB的关系投资集团之前,Koen先生是TD银行商人银行集团的副总裁兼主任,他专注于夹层债务和结构性股权投资。在TD Capital七年之前,Koen先生在机构股票和投资银行集团的苏格兰省。Koen先生举行了芝加哥大学,展位商学院的高级荣誉,加拿大女王大学艺术学士学位。

“我们对与加拿大养老金计划投资委员会和Michael Koen合作的机会非常满意,加入我们的董事会。CPPIB的长期投资视野使他们成为一个理想的投资者,因为我们继续关注产生盈利增长,加强现金流量,为我们的利益攸关方创造价值,“首席执行官Richard Burke表示。

明星大西洋废物控股II,LP由Shearman&Sterling,LLP和巴克莱代表,Credit Suisse和Deutsche Bank担任安置代理人。