OMERS Private Equity related stories
All articles and analysis
Penfund extends $60 mln loan to OMERS-backed Caliber CollisionPenfund, a Toronto-based provider of junior capital to mid-market companies, has extended a US$60 million second lien loan to Caliber Collision Centers Inc, a Lewisville, Texas-based operator of non-franchised collision repair service facilities in the United States. The announcement came on the heels of last week's acquisition /canada/2013/11/21/omers-buys-caliber-collision-oncap-nets-7-5-times-original-investment/ of Caliber by OMERS Private Equity for an estimated US$425 million. The company was bought by OMERS from ONCAP, which had owned Caliber since leading its management buyout in 2008. Penfund at the time of the management buyout invested US$34 million in the business.
Penfund closes $60 mln loan to Caliber CollisionPenfund has completed a $60 million 2nd lien loan to Caliber Collision Centers, a portfolio company of OMERS Private Equity. Lewisville, Texas-based Caliber operates collision repair centers in the United States.
- OMERS buys Caliber Collision, ONCAP takes home 7.5 times its investment
OMERS Private Equity, the investment arm of the Ontario Municipal Employees Retirement System, has acquired Caliber Collision Centers Inc – ending recent speculation about the likely identity of the buyer of the ONCAP portfolio company. The sponsor-to-sponsor transaction appears to be a win-win for the two Canadian private equity firms.
- OMERS Private Equity buys Caliber Collision Centers
OMERS Private Equity has acquired Caliber Collision Centers from ONCAP. No financial terms were disclosed for the transaction. Based in Lewisville, Texas, Caliber is a provider of automotive collision repair services in the United States. Update: The company was acquired in 2008 in a management buyout led by ONCAP, the mid-market private equity platform of Toronto-based Onex Corp. Onex reported http://www.onex.com/2013_News_Releases.aspx that the exit transaction, earlier /2013/11/19/oncap-sell-caliber-collision-425-mln/ valued at US$425 million, provided ONCAP with a multiple of capital invested of about 7.5 times.
- Constellation's Jonas Software acquires British cashless payments provider
Jonas Software, a subsidiary of Toronto-based Constellation Software Inc, has acquired Cash Registers (BUCCLEUCH) Ltd, a provider of online cashless catering solutions to the U.K. education market. Financial terms of the transaction were not disclosed. Jonas Software is part of Gary Jonas Computing Ltd, a provider of enterprise management software solutions. Constellation is a portfolio company of OMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System.
- Toronto-based PE-owned Marketwired names EVP of global operations
Marketwired Inc, a portfolio company of OMERS Private Equity, has hired John Sanchez as executive vice president of global operations. In his new role, Sanchez will oversee the company's customer engagement and lean process redesign efforts. Based in Toronto, Marketwired is is a provider of global news distribution and reporting. Update: In May 2013, the company named Jim Delaney as its new CEO.
- PE leaders predict major change in industry dynamics
Leading figures in European private equity are predicting a significant shift in industry dynamics in the coming years as buyout firms seek to attract new investment, a study published by Investec Fund Finance has found. Investec Private Equity Insights 2013 explores the issues that PE firms face as the industry adapts to the post-crisis environment based on insights from 15 influential senior executives in the European PE market.
- OMERS Private Equity exec moves to venture
Jim Orlando, formerly a managing director at OMERS Private Equity, is transitioning to the retirement system’s venture capital division.
- Affiliate of PE-backed Constellation to acquire Sand Technology
N. Harris Computer Corp, a subsidiary of Toronto-based software company Constellation Software Inc (TSE: CSU), has agreed to purchase Sand Technology Inc for around $3.65 million. The transaction is expected to close in November 2013. With offices in Canada, the United States, Europe and Australia, Sand is an advanced analytic database platform. Constellation is a portfolio investment of OMERS Private Equity, which has backed the company since 2000.
- Toronto-based OMERS Ventures appoints Jim Orlando as managing director
OMERS Ventures has hired Jim Orlando as managing director. In his new position,Orlando will oversee investment activity in the North American market focusing on the technology, media, and telecommunications sectors. Previously, Orlando worked at OMERS Private Equity where he also served as a managing director. Based in Toronto, OMERS Ventures is the venture capital division of the Ontario Municipal Employees Retirement System. Update: Joining Orlando as managing director is Kevin Kimsa, who previously held the position of venture partner at the firm.