OMERS Private Equity related stories
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Japan's NEC considers buying Civica for $1.2 billion: Sky NewsJapanese information technology company NEC Corp (6701.T) is looking at buying British software firm Civica for 900 million pounds ($1.2 billion) and has hired advisors to work on an offer, Sky News reported.
NEC considers buying Civica from OMERS Private Equity for $1.2 bln: ReutersJapanese information technology provider NEC Corp is looking at buying British software company Civica for 900 million pounds (US$1.2 billion) and has hired advisors to work on an offer, Reuters reported, citing a Sky News story. An auction for Civica, one of the United Kingdom's biggest public sector software providers, began several weeks ago and has drawn initial offers from three private equity firms: London-based BC Partners, Boston-based Berkshire Partners and the Swiss-based Partners Group, Sky News said. OMERS Private Equity (OPE) acquired Civica from 3i Group in 2013 for 390 million pounds (US$606 million). Reuters reported in May that OPE hired Goldman Sachs to assist with selling the company.
OMERS Private Equity to buy stake in National Veterinary AssociatesOMERS Private Equity (OPE) has agreed to acquire a minority interest in National Veterinary Associates (NVA), an Agoura Hills, California-based owner and operator of veterinary hospitals and pet boarding and daycare centres in the United States, Canada, Australia and New Zealand. No financial terms were released for the deal, which is expected to close in the third quarter. OPE is partnering with NVA's management and U.S. private equity firm Ares Management, the majority shareholder. Ares acquired the business in 2014. Founded in 1996, NVA has 502 locations and more than 1,800 veterinary affiliations.
- OMERS Private Equity invests in National Veterinary Associates
OMERS Private Equity said July 6 that it agreed to acquire a minority stake in National Veterinary Associates. Terms weren’t disclosed. NVA, Agoura Hills, California, is an owner-operator of veterinary hospitals, pet-boarding and daycare centers in the U.S., Canada, Australia, and New Zealand. Ares Management will continue to own the majority of NVA. The transaction is expected to close in third quarter. Proskauer Rose LLP was legal counsel to NVA, while Sidley Austin LLP acted as legal counsel to OMERS Private Equity. Jefferies LLC and William Blair & Company LLC provided financial advice to NVA.
OMERS' Borealis to buy 34.6 pct stake in Chile's GNL QuinteroBorealis Infrastructure has agreed to acquire a 34.6 percent interest in GNL Quintero SA, a Chilean land-based terminal for the receiving, unloading, storage and regasification of liquefied natural gas. No financial terms were released. As part of the transaction, Borealis has agreed to grant Enagás, one of GNL's existing owners, a 12-month call option for 5 percent of its shares. Empresa Nacional del Petróleo also holds a GNL stake. Borealis is the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS). The deal marks OMERS' first direct infrastructure investment in South America.
- OMERS buys Inmar for about $1.5bn
OMERS Private Equity, the private equity investment arm of the Canadian pension plan, purchased the analytics and technology-enabled service provider and plans to help it grow over the long haul.
OMERS Private Equity to acquire majority stake in InmarOMERS Private Equity (OPE) has agreed to acquire Inmar Inc, a Winston-Salem, North Carolina operator of intelligent commerce networks. No financial terms were disclosed for the deal, which will see OPE buy a majority interest in Inmar from U.S. private equity firm ABRY Partners, the company's backer since 2014. With the acquisition's close, expected in the second quarter, ABRY will remain an Inmar shareholder. Founded in 1980, Inmar connects offline and online transactions for retailers, manufacturers and trading partners in multiple industries. OPE said it will support the company's continued growth both organically and through acquisitions.