OMERS Private Equity related stories
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PE-Backed Constellation Acquires German Software CompanyConstellation Software Inc., a Toronto-based software provider, recently acquired Albat+Wirsam Software GmbH, a company focused on software solutions for the flat glass industry, and based in Linden, Germany. The seller in the transaction, valued at an estimated €18 million, was Helsinki, Finland-based Glaston Corp. Constellation Software 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.
- Friday Letter: Pay to play
A North American private equity deal was revealed yesterday that involves that rarest of creatures – a pension fund investing directly in a deal. Not surprisingly, the deal in question is taking place in Canada, home to two big pension-affiliated, direct-investment programmes.
- TC Media Acquires French Language Sub of Nelson Education
TC Media, a brand of Montréal's Transcontinental Inc., has acquired Groupe Modulo, a publisher of French-language educational resources and materials and a subsidiary of the Scarborough, Ontario-based Nelson Education Ltd. The financial terms of the deal were not disclosed. Nelson is a portfolio company of Apax Partners and OMERS Private Equity. The British and Canadian buyout firms jointly acquired Nelson and its US affiliate Cenage Learning Inc. from Thomson Corp. (now Thomson Reuters, publisher of peHUB Canada) as part of a US$7.75 billion transaction in 2007.
- Canadian Private Equity Firms Making Fewer New Hires - Report
Canada's top private equity firms have slowed their recruitment of new professional talent, says a report by Tim Kiladze of The Globe and Mail http://www.theglobeandmail.com/report-on-business/streetwise/why-private-equity-jobs-are-hard-to-find/article7446741/ In 2010 and 2011, institutional funds like CPP Investment Board - Private Investments, OMERS Private Equity, and Teachers Private Capital were bulking up staffs to help manage the increased pace of global deal-making, recruiting from investment banks and Bay Street veterans. However, personnel appears to be reaching full complements, with OMERS and Teachers growing staff by only 10% in 2012, The Globe and Mail reports.
- OMERS PE expands London team
The C$55bn pension’s direct investing arm has hired director Isabelle Pagnotta from Arcapita. OMERS PE has completed three investments in Europe since opening its London office in 2009.
- OMERS funds expert joins advisor Caledon
Martin Day, who ran fund commitments and co-investments for OMERS PE, will work with the team at Toronto-based Caledon Capital to build customised accounts for small and mid-sized LPs.
- Secondary market slows down in final months
The secondary market had supported deal volume of about $13bn in the first half of the year, but slowed over the summer and hasn’t picked up much velocity in the second half.
- Accelerated Rehabilitation Acquires Chicago Clinic Practice
Accelerated Rehabilitation Centers, Inc., a platform portfolio company of OMERS Private Equity, has completed its acquisition of Momentum Physical Therapy, Inc., a two-clinic rehabilitation practice located in Chicago, Illinois. Accelerated Rehabilitation, also of Chicago, is a physical therapist owned and operated provider of outpatient rehabilitation services. OMERS bought the company from US private equity firm Gryphon Investors in 2011.
- OMERS shops $750m portfolio
The C$55bn Canadian pension system is trying to sell a portfolio of funds from managers including KKR, Apax, Hellman & Friedman and TPG.
- OMERS grows venture team
OMERS Ventures, which launched in October, has hired Howard Gwin to help target early stage and growth investments in the North American media, technology and telecom companies.