OMERS Capital Partners has agreed to purchase CCNMatthews and its U.S. subsidiary, Market Wire, from London, England-based the Pims Group for an undisclosed amount.
Manulife Capital, the private equity group of Manulife Financial, will assume a minority stake in the newswire as a portfolio investment.
“We view CCNMatthews and Market Wire as industry innovators delivering exceptional financial results,” says Paul G. Renaud, President and CEO of OMERS Capital Partners. “The opportunity they represent is consistent with our strategy to invest in strong, well-managed businesses with the potential to grow.”
CCNMatthews and Market Wire distribute more than 90,000 press releases annually.
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