The $23-a-share deal was agreed earlier this year and represented a 13.3 per cent premium over the closing price on January 18, when news of the offer became public.
OTTP’s purchase through its Long-Term Equities group gave SeaCube an enterprise value $1.8bn including assumed debt.
The New Jersey-based company has seven offices worldwide from which it acquires, manages and leases containers used in intermodal equipment in the global cargo trade.
OTTP saw better returns from its private equity investments last year than in 2011, while its total net asset value reached a record C$129.5bn according to results released this month.
Its private equity arm’s investments reached $12bn last year, nearly unchanged from $12.2bn in 2012.
The unit returned 18.6 per cent, which is ahead of the 13.3 per cent benchmark and the 16.8 per cent return posted in 2011, generating $0.5bn in value added above a $1.5bn benchmark return.
Teachers’ total equity investments rose to $59.5bn at the end of 2012 from $51.7bn a year earlier, returning 14.2 per cent.
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