OMERS to invest $264 mln in listed arm of Brookfield's PE group

Canadian pension fund OMERS has agreed to acquire through a private placement about 5.1 million units of Brookfield Business Partners for US$39.40 per unit, generating proceeds of about US$200 million, or $264 million. The deal is part of a broader US$795 million equity offering launched by Brookfield Business Partners, the listed vehicle of Brookfield Asset Management's private equity group. Toronto-based Brookfield said the proceeds of the entire offering will be used for future growth opportunities and other priorities. Brookfield last year began fundraising for its fifth mid-market private equity fund, Brookfield Capital Partners V.

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