OMERS Private Equity related stories
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BMO Harris Bank lends $195 mln to Forefront Dermatology buyBMO Harris Bank has announced that it was administrative agent, joint lead arranger and joint lead bookrunner for US$195 million in first lien credit facilities to support the acquisition of Forefront Dermatology by OMERS Private Equity. Madison Capital and NXT Capital served as joint lead arrangers and joint lead bookrunners on the deal. Earlier this month, OMERS agreed to buy /canada/2016/02/11/omers-private-equity-buys-control-stake-in-forefront-dermatology/ Manitowoc, Wis.-based Forefront from Varsity Healthcare Partners for an undisclosed sum.
PE HUB Second OpinionIn Friday's Second Opinion, Russian billionaire Fridman invests $200 million in Uber, Paulson plans a $1.5 billion private equity fund for troubled debt, and Apple is making an original television show starring Dr. Dre.
OMERS Private Equity agrees to sell Marketwired to NasdaqOMERS Private Equity (OPE) has agreed to sell Marketwired LP, a Toronto-based news distribution and social communication solutions provider, to Nasdaq Inc. No financial terms were disclosed; however, Reuters reported last October that Marketwired's potential sale could value the business /canada/2015/10/29/omers-private-equity-explores-sale-of-marketwired-reuters/ for as much as US$200 million. OPE, the private equity arm of the Ontario Municipal Employees Retirement System (OMERS), has backed Marketwired since 2006. Michael Graham, senior managing director of OPE, said its sale is "a logical step in the company's evolution." In 2015, Marketwired spun off /canada/2015/02/10/omers-private-equity-backs-spin-out-of-sysomos-from-marketwired/ its social media analytics affiliate Sysomos. Sysomos will remain under OPE's ownership.
Nasdaq to buy OMERS-backed news distributor Marketwired: ReutersNasdaq Inc said it would acquire newswire operator and press release distributor Marketwired LP for an undisclosed sum, adding to the exchange operator's corporate services offerings, Reuters reported. Toronto-based Marketwired is owned by OMERS Private Equity, which last year was said to have been mulling a sale of the company for as much as US$200 million.
OMERS Private Equity sells Marketwired to NasdaqOMERS Private Equity, the private equity arm of the Ontario Municipal Employees Retirement System, sold Toronto-based Marketwired LP, a press release distribution service, to Nasdaq Inc. Financial terms were not disclosed. BMO Capital Markets served as financial advisor. Morrison & Foerster and Stikeman Elliott acted as legal counsel.
- Varsity Healthcare sells Forefront Dermatology to OMERS
Varsity Healthcare Partners sold its majority stake in Forefront Dermatology to OMERS Private Equity, the private equity arm of the Ontario Municipal Employees Retirement System. Varsity Healthcare invested in Forefront Dermatology, a provider of practice management services to dermatology clinics, in May 2014.
OMERS Private Equity buys control stake in Forefront DermatologyForefront Dermatology, a provider of practice management services to dermatology clinics, has been acquired by OMERS Private Equity from Varsity Healthcare Partners. No financial terms were released. Varsity, a U.S. healthcare private equity firm, invested in Manitowoc, Wis.-based Forefront in 2014. Since then, the company has grown to 82 clinics with 90 board-certified dermatologists operating in 11 states. Forefront said it will work with its new partner to continue growing and expanding into new markets. OMERS Private Equity, the private equity arm of the Ontario Municipal Employees Retirement System (OMERS), last year bought Kenan Advantage /canada/2015/06/18/omers-private-equity-to-acquire-trucking-business-kenan-advantage/ and Environmental Resources Management /canada/2015/06/15/charterhouse-capital-sells-erm-stake-to-omers-in-1-7-bln-deal-reuters/ .
Borealis Infrastructure to acquire 24.15 pct stake in CLH GroupBorealis Infrastructure has confirmed its previously announced acquisition /canada/2016/01/15/cepsa-sells-its-stake-in-spains-chl-to-borealis-infrastructure/ of a stake in Compañía Logística de Hidrocarburos (CHL Group), a Spanish oil products transportation and storage business, from Cepsa. It also announced an agreement to buy the CHL stake currently owned by Global Infrastructure Partners. No financial terms were disclosed for either purchase, which will give Borealis a combined 24.15 percent interest in CHL. Borealis, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS), said the deals mark the firm's first investment in Spain and add to its European infrastructure portfolio.
- Borealis invests in CLH
Borealis Infrastructure has acquired a minority stake in Spain-based Compañía Logística de Hidrocarburos, a provider of refined oil products transportation and storage. The sellers were Cepsa and Global Infrastructure Partners. No financial terms were disclosed. BNP Paribas served as financial advisor to Borealis Infrastructure on the transaction.
Cepsa sells its stake in Spain's CHL to Borealis InfrastructureCepsa, an energy affiliate of Abu Dhabi's International Petroleum Investment Co, has sold its 9.15 percent stake in Compañía Logística de Hidrocarburos (CHL Group) to Borealis Infrastructure. No financial terms were disclosed. CHL is an oil product transportation and storage business based in Madrid. Cepsa said the sale forms part of its current optimization program. Borealis is the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS).