OMERS Private Equity related stories
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Constellation Buys Francisco Partners' QuadraMedN. Harris Computer Corp., a subsidiary of Toronto software company Constellation Software Inc., has acquired Reston, Virginia-based QuadraMed Corp., a provider of clinical, financial, and health information management software solutions for hospitals and hospital networks. The seller in the undisclosed deal was U.S. private equity firm Francisco Partners, which bought QuadraMed in 2010. Constellation is a portfolio investment of OMERS Private Equity, which has backed the company since 2000.
- Affiliate of PE-Backed Constellation Buys Funkwerk York
Volaris Group Inc., which is an operating affiliate of Toronto software company Constellation Software Inc., has acquired Funkwerk Information Technologies York Ltd., a provider of software solutions for railway operations and infrastructure, and a U.K.-based business owned by Kölleda, Germany's Funkwerk AG. Financial terms of the transaction were not disclosed. Constellation is a portfolio investment of Canadian buyout firm OMERS Private Equity, which has backed the company since 2000.
- Jim Delaney Steps Up as PE-Backed Marketwired's CEO
Marketwired Inc., a Toronto-based provider of newswire services in North America, has appointed Jim Delaney as CEO. Mr. Delaney had previously been Marketwired's COO, a position intentionally created to groom the next CEO, according to the company. Former CEO Michael Nowlan will remain on the board of directors. Marketwired is majority owned by OMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System.
OMERS Private Equity Buys Civica From 3i GroupOMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System, has completed its purchase of Civica Group PLC from British buyout firm 3i Group for an enterprise value of 390 million pounds (or around US$604 million). Civica is a London, U.K.-based provider of specialised software systems, cloud-based IT services and technical outsourcing to public sector organisations worldwide. 3i took the company private in 2008.
- PE-Backed Constellation Finalizes Purchase of Quantitative Medical
Constellation Homebuilders Systems, a subsidiary of Toronto software company Constellation Software Inc., has completed its purchase of Quantitative Medical Systems Inc. (QMS). Financial terms of the deal were not disclosed. Based in Emeryville, California, QMS provides revenue cycle management and electronic medical record solutions for the dialysis market. Constellation is a portfolio investment of Canadian buyout firm OMERS Private Equity, which has backed the company since 2000.
- OMERS Considers Sale of USIC - Reuters
OMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System, is considering the sale of United States Infrastructure Corp. (USIC) in a deal that could value the company at around US$800 million, reports Reutershttp://www.reuters.com/article/2013/05/01/usic-omers-idUSL6N0DI1XA20130501 Three people "familiar with the matter" said that OMERS has hired Barclays Plc and Harris Williams & Co to explore the possibility of selling the Indianapolis, Indiana-based infrastructure services company, which maintains the underground cables of telecommunications, power and water utilities. OMERS acquired USIC from U.S.-based buyout firm Kohlberg & Company in 2011.
OMERS Taps Banks for US Infrastructure Corp Sale -SourcesThe private equity arm of OMERS, one of Canada's largest pension plans, has hired Barclays Plc and Harris Williams & Co to explore a sale of United States Infrastructure Corporation (USIC), three people familiar with the matter said this week.
- OMERS Private Equity Drives Pension Fund's Returns
Ontario Municipal Employees Retirement System (OMERS) saw its net assets under management rise above the C$60 billion mark in 2012, increasing C$5.7 billion year over year. The Canadian pension fund also posted a 10% return on its total investments last year, based on "strong performance in its private market portfolio". OMERS' overall private market portfolio had a 13.8% investment return, led by returns of 19.2% from internally-managed buyout fund OMERS Private Equity.
- Constellation's Volaris Buys Insurance Software Company
Volaris Group Inc., a division of Toronto software company Constellation Software Inc., has acquired Information Distribution & Marketing Inc., a Warner Robins, Georgia-based provider of property and casualty insurance administration software to regional insurance companies and agents. Financial terms of the transaction were not published. Constellation is a portfolio investment of Canadian buyout firm OMERS Private Equity, which has backed the company since 2000. OMERS sold part of its stake in the company in 2012 for gross proceeds of C$173 million.