OMERS Private Equity related stories
All articles and analysis
- Audax Exits Great Expressions Dental Centers
The Audax Group has exited its investment in Bloomfield Hills, Mich.-based Great Expressions Dental Centers, selling the company to OMERS Private Equity. Terms of the deal were not released. Audax acquired a majority interest in the company in May 2008.
- OMERS Deals for Consolidated Utility Services
Tricor Pacific Capital Partners Fund IV, the Chicago- and Vancouver-based private equity firm, exited its provider of utility damage prevention services firm, Consolidated Utility Services, selling it to OMERS Private Equity. Specifics were not disclosed; Tricor acquired the company in 2007. The value created over the life of the CUS investment has resulted in an IRR of 28% and a cash-on-cash return of over 2.5x for Tricor's investors.
- OMERS Buys V.Group for $520M
The Ontario Municipal Employees Retirement System will acquire Scotland-based shipping services company V.Group for $520 million, Reuters reported Thursday. The Canadian pension fund is buying V.Group from private equity firm Exponent. Royal Bank of Canada Capital Markets will provide financing for the deal, Reuters said.
- Gryphon Completes Exit of Accelerated Rehabilitation
San Francisco-based private equity firm Gryphon Investors has completed the sale of its portfolio company Accelerated Rehabilitation Centers. OMERS Private Equity acquired the Chicago-based company, which provides outpatient physical therapy services. Terms of the deal were not released.
- Onex Closes Sale of Husky to Berkshire, OMERS PE
Berkshire Partners and OMERS Private equity have closed their buy of Husky International. Onex Partners was the seller. Husky's management team retains a stake. Goldman Sachs, Morgan Stanley Senior Funding, RBC Capital Markets and TD Securities provided financing. Bolton, Ontario-based Husky, founded in 1953, is one of the world’s largest suppliers of injection molding equipment and services to the plastics industry.
- Berkshire, Omers Will Pay $2.1B for Husky
Buyout shops Berkshire Partners and Omers Private Equity will pay $2.1 billion to buy the Husky International business from investment firm Onex Corp., Reuters reported. Onex bought Husky in 2007, and said that its net proceeds from the sale would be about $635 million, Reuters reported. Husky makes injection molding equipment and services to the plastics industry. The deal is expected to close early in the third quarter.
- Doughty Hanson Pays $725.6M For British Cinema Chain
Buyout shop Doughty Hanson plans to buy Britain’s Vue Entertainment for 450 million pounds ($725.6 million), Reuters reported, citing an article in Monday’s Financial Times. The founders of Vue Entertainment – which runs Britain’s largest cinema chain – own 51% of the company. Private equity firm Coller Capital and New York-based hedge fund Och-Ziff own the remaining shares, which they both plan to sell to London-based Doughty Hanson, Reuters reported.
- Education, Technology Among PEs Hottest Sectors
From education to banking, health care services to technology, buyout shops are chasing deals with gusto, according to bankers and private equity executives.