OMERS Private Equity related stories
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OMERS Private Equity explores sale of Marketwired, say sources: 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.
- Nelson Education completes sale to lenders, overhauls board
Educational publisher Nelson Education Ltd has appointed a full slate of board directors, following the sale of the company to its financial investors, effective October 1st. As reported by PE Hub Canada in June /canada/2015/06/04/lenders-to-soon-take-control-of-pe-backed-nelson-education/ Nelson, which recently obtained creditor protection, agreed to yield control of the business to its first lien lenders. The new board reflects senior representatives of these lenders, which include Ares Management, Mudrick Capital Management and Sound Point Capital Management. Toronto-based Nelson and its U.S.-based affiliate Cengage Learning were bought by Apax Partners and OMERS Private Equity in 2007.
- Charterhouse X hits first close on €1.5bn - exclusive
The fund is targeting €3 billion and informed investors of an initial close on €1 billion in May.
Onex completes sale of Sitel Worldwide to France’s Groupe ActicallCanadian private equity firm Onex Corp has completed its sale of Sitel Worldwide Corp, a U.S.-based provider of outsourced customer care and back-office processing services. As previously reported by peHUB Canada/canada/2015/07/10/onex-agrees-to-sell-sitel-worldwide-to-undisclosed-buyer/ the buyer was Groupe Acticall, a customer relationship management business based in France. Onex said it expects to see net proceeds of about US$55 million, including an earn-out component, from the sale. In 2007, ClientLogic, a portfolio investment of Onex, acquired and merged with Sitel. It remains a portfolio company of OMERS Private Equity.
OMERS-backed baker Two-Bites seeks sale: ReutersGive and Go Prepared Foods Corp, a Canadian maker of thaw-and-serve sweet baked goods such as Two-Bite Brownies, is exploring a sale it hopes could value it at around $550 million, sources told Reuters reported. The company's owner, OMERS Private Equity, has held talks with investment banks in recent weeks to appoint a financial adviser to run an auction or initial public offering, the sources said.
Constellation affiliate acquires Sweden's Netadmin SystemsVolaris Group, an operating group of Constellation Software Inc, has acquired Netadmin Systems. No financial terms were released. Based in Linköping, Sweden, Netadmin is a provider of operational support system solutions which help communication service providers build and operate their networks and meet service levels. Toronto-based Constellation acquires, manages and builds vertical market software businesses. Publicly listed in 2006, it remains a portfolio investment of OMERS Private Equity.
OMERS-backed Sysomos buys visual listening platform gazeMetrixSysomos Inc, a portfolio company of OMERS Private Equity, has acquired gazeMetrix, an image recognition and visual listening platform based in Mountain View, California. No financial terms were published. Sysomos, which earlier this year acquired /canada/2015/07/22/omers-backed-sysomos-acquires-social-marketing-platform-expion/ Expion LLC, said the deal will allow it to help brands and agencies capitalize on opportunities presented in the visual social web. Launched in 2012 through startup accelerator 500 Startups, gazeMetrix was venture-backed. Sysomos, a Toronto-based social intelligence business, was spun out of /canada/2015/02/10/omers-private-equity-backs-spin-out-of-sysomos-from-marketwired/ OMERS' portfolio company Marketwired Inc in February. OMERS has committed to support its global growth strategy.
OMERS Private Equity's Civica buys Web Technology GroupAn affiliate of Civica Group Ltd, a portfolio company of OMERS Private Equity, has bought Web Technology Group, a provider of software consultancy and services to government and other public sector organisations in the United Kingdom. No financial terms were released. Civica, a London-based provider of specialist information technology systems and business process services, said the deal will give it complementary expertise and extend its capabilities. OMERS acquired Civica from 3i Group in 2013. The deal was valued at 390 million pounds (US$604 million).
Zillow to sell real estate CRM unit to Constellation for $23 mlnU.S.-based Zillow Group (NASDAQ: Z & ZG) has agreed to sell its real estate-focused customer relationship management (CRM) division, Market Leader, to an affiliate of Constellation Software Inc (TSX: CSU). The deal, which is valued at US$23 million, is expected to close in the fourth quarter. Headquartered in Toronto, Constellation acquires, manages and builds vertical market software businesses. Publicly listed in 2006, it remains a portfolio investment of OMERS Private Equity.
Constellation acquires mining software business of CAEConstellation Software Inc (TSX: CSU) has acquired Datamine, the mining software business of training solutions provider CAE Inc (NYSE, TSX: CAE). The financial terms of the deal were not published. Constellation, a Toronto-based software company, said Datamine, its first investment in the mining industry, will operate within its Vela Software Group. Publicly listed in 2006, Constellation remains a portfolio investment of OMERS Private Equity.