OMERS Private Equity related stories
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OMERS Private Equity to sell Give & Go to Thomas H. LeeOMERS Private Equity (OPE) has agreed to sell Give and Go Prepared Foods Corp (Give & Go) to Thomas H. Lee Partners, a U.S. private equity firm. No financial terms were released; however, Reuters recently reported that Thomas H. Lee was close to acquiring /canada/2016/4/thomas-h-lee-in-the-lead-to-buy-two-bite-brownies-owner-reuters/ Give & Go for a sum approaching US$800 million. Based in Toronto, Give & Go is a maker of branded and private-label baked goods. OPE bought the company from Kilmer Capital Partners in 2007. Michael Graham, OPE's senior managing director, North America, said the deal marks the firm's seventh exit in the last three years. He added that OPE has seen about three times its original investment in Give & Go.
Constellation Software affiliate buys hospitality software companyGary Jonas Computing Ltd, an affiliate of Constellation Software Inc (TSX: CSU), has acquired the assets of Multi-Systems Inc (MSI), a Phoenix, Arizona-based software provider to the hospitality industry. No financial terms were disclosed. Gary Jonas said the MSI deal adds to its growing hospitality business unit. Toronto-based Constellation, an acquirer, manager and builder of vertical market software companies, is a portfolio investment of OMERS Private Equity.
Thomas H. Lee in the lead to buy Two-Bite Brownies owner: ReutersU.S. private equity firm Thomas H. Lee Partners LP is in advanced talks to acquire Give and Go Prepared Foods Corp, a Canadian maker of thaw-and-serve sweet baked goods such as Two-Bite Brownies, sources told Reuters. OMERS Private Equity, the buyout arm of the Ontario Municipal Employees Retirement System, which owns Give and Go Prepared Foods, has granted Thomas H. Lee exclusivity in its negotiations in order to reach a deal, the sources said. OMERS bought the company from Canadian private equity firm Kilmer Capital Partners in 2007.
AIMCo PE investments outperform benchmark in 2015The C$90bn investment management firm’s investments delivered a 10.1% return to investors last year.
- Charterhouse nets 2.1x on Elior – Exclusive
The firm will be keen to return capital to its investors as it continues to seek commitments to its €3bn Fund X.
Constellation affiliate closes acquisition of Germany's SIV.AGN. Harris Computer Corp, a subsidiary of Constellation Software Inc (TSX: CSU), has closed is previously announced buy of SIV.AG, a German provider of utility billing, financial and customer care outsourcing solutions for utilities and energy service companies. No financial terms were disclosed. Constellation said the acquisition http://www.csisoftware.com/2016/02/constellation-acquires-siv/ expands Harris’ existing utility software business with customers located in Europe. Based in Toronto, Constellation is an acquirer, manager and builder of vertical market software businesses. Publicly listed in 2006, it remains a portfolio company of OMERS Private Equity.
AIMCo, OMERS, OTPP among buyers of London City AirportThree Canadian pension funds have formed part of a consortium that has agreed to acquire the company that operates London City Airport. No financial terms were released; however, Reuters previously reported /canada/2015/08/31/allianz-and-borealis-infrastructure-eye-london-city-airport-reuters/ the value of asset to be about £2 billion ($3.8 billion). The Canadian pension funds—Alberta Investment Management Corp (AIMCo), Ontario Municipal Employees Retirement System (OMERS) and Ontario Teachers’ Pension Plan—joined with Kuwait Investment Authority to buy the airport from Global Infrastructure Partners (GIP) and Highstar Capital. GIP acquired a majority stake in the asset in 2006. London City Airport served 4.3 million passengers in 2015.
Nasdaq closes acquisition of OMERS-backed MarketwiredNasdaq (Nasdaq: NDAQ) has closed its acquisition of Marketwired LP, a Canadian provider of news distribution services and analytics for communications professionals. No financial terms were disclosed for the previously announced deal /canada/2016/02/12/omers-private-equity-to-sell-marketwired-to-nasdaq/ however, an earlier report said /canada/2015/10/29/omers-private-equity-explores-sale-of-marketwired-reuters/ it could value Marketwired for as much as US$200 million. The transaction provides an exit to OMERS Private Equity, which has backed the company since 2006. It also provides an exit to Manulife Capital, which was a minority investor in Marketwired over the same period.
- Penfund invests $47 mln in Forefront Dermatology
Penfund, a provider of junior capital to middle market companies in the U.S. and Canada, made a $47 million second lien debt and equity investment in Forefront Dermatology in support of the company’s previously announced acquisition by OMERS Private Equity. Forefront Dermatology provides practice management services to Dermatology Associates of Wisconsin.
Penfund invests $47 mln in OMERS' buy of Forefront DermatologyCanadian private equity firm Penfund has invested US$47 million of second lien debt and equity in Forefront Dermatology, a provider of practice management services to dermatology clinics. The investment was made in support of OMERS Private Equity's previously announced acquisition /canada/2016/02/11/omers-private-equity-buys-control-stake-in-forefront-dermatology/ of the Manitowoc, Wis.-based company from Varsity Healthcare Partners. Toronto-based Penfund, a provider of junior capital to mid-market companies in the United States and Canada, has partnered with OMERS in the past. In late 2013, Penfund extended a loan to /canada/2013/11/26/penfund-extends-60-mln-loan-to-omers-backed-caliber-collision/ Caliber Collision Centers Inc shortly after its acquisition by OMERS.