OMERS Private Equity related stories
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OMERS: Brexit has ‘raised the bar’ for UK investmentsDespite challenges, the UK will remain a ‘safe haven’ for investment, says global private equity head Mark Redman.
Penfund leads loan facility backing THL's buy of Give & GoCanadian private equity firm Penfund has led a second lien loan financing in support of Thomas H. Lee Partners' (THL) acquisition of Give and Go Prepared Foods Corp. No financial terms were disclosed. Give & Go, a Canadian maker of sweet baked goods, was bought by THL /canada/2016/8/3346242/ from OMERS Private Equity (OPE) earlier this month. PE Hub Canada reported that OPE tripled its investment /canada/2016/8/omers-private-equity-triples-investment-in-give-go-sale/ as a result of the deal. Toronto-based Penfund, a provider of junior capital to North American mid-market companies, is currently raising its fifth fund. PE Hub Canada reported Penfund Capital Fund V is expected to soon close /canada/2016/6/penfund-v-to-close-in-coming-weeks-above-525-mln-target/ above its $525 million target.
OMERS Private Equity sees 3x return in Give & Go saleOMERS Private Equity tripled its investment in Give & Go Prepared Foods with the recent sale of the Canadian baked-goods maker to Thomas H. Lee Partners. Terms weren’t disclosed for the deal, which closed earlier this month. Reuters previously reported Give & Go's sale could fetch as much as $1 billion (US$800 million).
Give & Go adds on with close of sale to Thomas H. LeeGive & Go Prepared Foods Corp, formerly a portfolio company of OMERS Private Equity (OPE), has closed its sale to Thomas H. Lee Partners, a U.S. private equity firm. The financial terms of the deal, announced in April /canada/2016/4/omers-private-equity-to-sell/ were not released; however, a recent report /canada/2016/4/thomas-h-lee-in-the-lead-to-buy-two-bite-brownies-owner-reuters/ by Reuters put the value at close to US$800 million. Concurrent with the sale to Thomas H. Lee, Give & Go, a Canadian maker of baked goods, acquired Create-a-Treat Ltd and NAFTA Foods and Packaging Inc. The Brampton, Ontario-based companies make edible craft products for celebrations and holidays. They will form a new Give & Go division called Create-a-Treat. OPE acquired Give & Go in December 2007.
Top H1 Canadian private equity deals collect $7.8 blnCanada’s top 10 first-half private equity deals had disclosed values of more than $7.8 billion, suggesting market activity in 2016 may be frothier than previously expected. Preliminary Thomson Reuters data show dollar flows for all deals surpassing the $10-billion-dollar mark at the end of June, up from $7.8 billion in the first half of 2015.
OMERS and Harvest Partners to take Epiq private for $1 blnOMERS Private Equity and Harvest Partners have agreed to acquire Epiq Systems Inc (Nasdaq: EPIQ) for US$16.50 per share in cash or about US$1 billion. Epiq will be combined with DTI, a U.S. legal processing outsourcing company, which is owned by OMERS. Credit Suisse Securities (USA) LLC is providing financial advice to Epiq on the deal, while Wells Fargo Securities is doing likewise for DTI and OMERS. Bank of America Merrill Lynch is acting as financial adviser to Harvest. Epiq will stop trading on the Nasdaq after the deal closes, which is expected to happen in the fourth quarter. Based in Kansas City, Kansas, Epiq is a provider of integrated technology and services for the legal sector.
- OMERS and Harvest Partners to take Epiq private in $1 bln buyout
OMERS Private Equity and Harvest Partners LP have agreed to acquire Epiq Systems Inc for $16.50 per share in cash or about $1 billion. Epiq will be combined with DTI, a legal processing outsourcing company, which is owned by OMERS. Credit Suisse Securities (USA) LLC is providing financial advice to Epiq Systems on the transaction while Wells Fargo Securities is doing likewise for DTI and OMERS Private Equity. Bank of America Merrill Lynch is acting as financial adviser to Harvest Partners. Epiq will stop trading on the NASDAQ after the deal closes, which is expected in the fourth quarter of this year. Based in Kansas City, Kansas, Epiq is a provider of integrated technology and services for the legal sector.
Constellation Software affiliate buys Dutch software companyTotal Specific Solutions BV, a subsidiary of Constellation Software Inc, has bought all of the shares of NCCW Holding BV, a Dutch provider of property management software solutions. No financial terms were disclosed. Total Specific Solutions said the acquisition provides it with a presence in the real estate market. Toronto-based Constellation, an acquirer, manager and builder of vertical market software companies, is a portfolio investment of OMERS Private Equity.
Constellation Software affiliate buys OSS unit of Boston's ABNVolaris Group, an operating company of Constellation Software Inc, has bought the operations support systems (OSS) solutions business of Boston-based Advanced Broadband Networks (ABN). No financial terms were disclosed for the acquisition, which is Volaris' third in the communications vertical market. The acquired business has become a division of Vancouver's Incognito Software Systems, a Volaris affiliate. Constellation, a Toronto-based acquirer, manager and builder of vertical market software companies, is a portfolio investment of OMERS Private Equity.
Constellation Software buys PE-backed software provider VicreaTotal Specific Solutions BV (TSS), an affiliate of Constellation Software Inc (TSX: CSU), has acquired all of the shares of Vicrea Solutions BV, a Dutch software provider of GEO IT solutions for the local government sector. No financial terms were disclosed. TSS said the deal strengthens its position in the public sector vertical. Vicrea has been backed by Dutch private equity firm Synergia Capital Partners since 2011. Constellation, a Toronto-based acquirer, manager and builder of vertical market software companies, is a portfolio investment of OMERS Private Equity.