OMERS Private Equity related stories
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LifeLabs beefs up staff with new hireToronto-based LifeLabs Medical Laboratory Services, a provider of lab testing, has named Chris Carson as vice president of partner relations and transformation. Previously, Carson worked at Trillium Health Partners where he was associate vice president. LifeLabs is indirectly owned by OMERS Administration Corp., whose interest is managed by Borealis Infrastructure.
Go with the (capital) flow in cross-border M&ATorys' Partners Jared Fontaine, Ian Arellano and Neville Jugnauth expect to see Canadian deal-makers make significant, large-scale acquisitions in foreign markets in 2016, building on the intense activity of the past year. With recent weakness in the domestic economy, they also believe there will be increased opportunities for investors to deploy more capital to M&A deals in Canada.
- PE-backed MatrixCare to buy AOD Software
MatrixCare, a portfolio company of OMERS Private Equity, has agreed to acquire AOD Software. No financial terms were disclosed. Based in Fort Lauderdale, Florida, AOD is a provider of software for the long-term care industry. AOD was backed by Primus Capital.
OMERS-backed MatrixCare to acquire AOD SoftwareMatrixCare, a portfolio investment of OMERS Private Equity, has agreed to acquire AOD Software, a Coral Springs, Florida-based healthcare software company focused on seniors. The deal's financial terms were not released. MatrixCare, which is headquartered in Bloomington, Minnesota, is an electronic health record provider for long-term care and senior living facilities. OMERS Private Equity Managing Director Lisa Melchior said the combined companies will create "the leading scale player across multiple care settings." Earlier this year, MatrixCare's parent, Logibec Inc, a Canadian healthcare information technology business, was sold to /canada/2015/01/16/omers-private-equity-closes-sale-of-logibec-to-gi-partners/ GI Partners.
Twinkies maker Hostess in bid for Two-Bite Brownies owner: ReutersTwinkies maker Hostess Brands LLC is in 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. The Toronto based-company's owner, OMERS Private Equity, hopes a deal could value Give and Go at as much as US$800 million, one of the sources said.
- Twinkies maker Hostess in bid for Two-Bite Brownies owner: Reuters
Twinkies maker Hostess Brands LLC is in talks to acquire Give and Go Prepared Foods Corp, a Canadian maker of thaw-and-serve sweet baked goods such as Two-Bite Brownies, Reuters News reported.
OMERS to invest in refurbishment of Bruce Power reactorsOMERS Private Markets, a division of the Ontario Municipal Employees Retirement System, has agreed to invest in the refurbishment of six Bruce Power reactor units over the next 20 years. The nuclear facility's other backers, which include TransCanada Corp, the Society of Energy Professionals and the Power Workers Union, will also invest in the projects. No financial terms were disclosed. Based in Tiverton, Ontario, Bruce Power generates about 30 percent of Ontario's electricity supply. OMERS is one of its largest investors.
- OMERs to invest in six Bruce Power reactor units
OMERS has agreed to invest in the refurbishment of six Bruce Power reactor units for the next 20 years. Bruce Power's other backers, which include TransCanada, the Society of Energy Professionals and the Power Workers Union will also participate in the project as investors. No financial terms were disclosed. Based in Ontario, Canada, Bruce Power generates about 30 percent of Ontario's electricity supply.
Constellation Software affiliate acquires hotel technology businessGary Jonas Computing Ltd, a subsidiary of Constellation Software Inc (TSX: CSU), has acquired the assets of PAR Springer-Miller Systems' hotel technology business from PAR Technology Corp (NYSE: PAR). No financial terms were released. Founded in 1984, Springer-Miller has a presence in hotel and spa markets in North America, Europe and the Asia-Pacific region. Toronto-based Constellation, an acquirer, manager and builder of vertical market software businesses, is a portfolio investment of OMERS Private Equity.
OMERS Private Equity explores sale of Marketwired: ReutersThe private equity arm of the Ontario Municipal Employees Retirement System (OMERS) is mulling a potential sale of Marketwired LP, a company that distributes press releases, sources told Reuters. OMERS Private Equity has been working with Bank of Montreal to explore potential options for Marketwired, which could be valued at as much as US$200 million.