Ontario Municipal Employees Retirement System related stories
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OMERS establishes first foreign office in LondonThe C$52bn Canadian pension plan with an in-house private equity arm has followed in the footsteps of Ontario Teachers’ and the CPPIB by crossing the pond to source deals.
- OMERS cleared for C$2bn Teranet takeover
Unable to find a superior offer amid 'the current turmoil in the capital markets', Teranet’s board withdrew its opposition to OMERS’ unsolicited bid for the provider of electronic land registry services. The offer was set to expire on 17 Oct.
- OMERS expands ownership in takeover target Teranet
The move follows Teranet’s rejection of the pension fund’s hostile bid to acquire the company for C$11 per share. The offer, made three weeks ago by an affiliate of the fund’s infrastructure arm, Borealis Infrastructure, valued the Toronto-listed income fund at C$2bn.
- Tricap buys Canadian company for C$271m
The private equity unit of Brookfield Asset Management bought Canadian-based Maax from a consortium of private equity firms that took the company private in 2004. Maax filed for bankruptcy in July after collapsing under the weight of its debt load.
- OMERS infrastructure affiliate bids C$2bn for Teranet
The pre-emptive offer has been made following three previous attempts to initiate takeover negotiations of Teranet, a publicly listed e-service company with a monopoly on the Ontario Electronic Land Registration System.
- Baring Asia raises $1.5bn
Jean Eric Salata, the Asian firm’s chief executive, said investor demand had been particularly strong because of its low-leverage growth focus.
- OMERS pins 2007 success on alternatives
The Ontario Municipal Employees Retirement System has attributed strong 2007 returns to its alternatives allocation, including private equity, real estate and infrastructure.
- KSL swings into Europe
Private equity firm KSL Capital Partners, which owns 180 clubs and resorts in the US, is launching a European platform. By Robin Marriott
- Apax and OMERS to pay $750m for Houghton Mifflin division
The educational publishing house has agreed to sell its college-related arm to the consortium, which will add it on to Cengage, the former Thomson Learning division it acquired in July for $8 billion.
- Heavy-hitting group ups $3.8bn Laureate bid
A consortium of big-name banks, hedge funds and private equity firms has increased by 2.5 percent its offer for higher education provider Laureate. The board-agreed amendment increases the price-per share to $62, up from $60.50.