OMERS Private Equity agrees to sell Marketwired to Nasdaq
OMERS Private Equity (OPE) has agreed to sell Marketwired LP, a Toronto-based news distribution and social communication solutions provider, to Nasdaq Inc. No financial terms were disclosed; however, Reuters reported last October that Marketwired's potential sale could value the business for as much as US$200 million. OPE, the private equity arm of the Ontario Municipal Employees Retirement System (OMERS), has backed Marketwired since 2006. Michael Graham, senior managing director of OPE, said its sale is "a logical step in the company's evolution." In 2015, Marketwired spun off its social media analytics affiliate Sysomos. Sysomos will remain under OPE's ownership.
12 February 2016•3 mins read
