OMERS in talks with buyout firms about $3 bln Teranet sale: Reuters
Canadian pension plan Ontario Municipal Employees Retirement System has been talking with major U.S. and Canadian private equity firms about selling land registry company Teranet in a deal that could fetch about $3 billion, sources told Reuters. Carlyle Group and KKR & Co are among several buyout firms that have held discussions with Borealis Infrastructure Management, an investment division of OMERS that owns Teranet. In 2008, Borealis acquired then-publicly listed Teranet Income Fund for about $1.5 billion. Teranet Income Fund was spun off by the Ontario government in 2003.
20 July 2017•2 mins read
