OMERS Private Equity-owned retailer Golf Town is expanding south of the border by acquiring Golfsmith International Holdings Inc., a similar U.S.-based chain, in a deal valued at almost US$100 million.
OMERS has joined with two Japanese partners in officially launching a US$7.5-billion global investment fund.
Pension giant teams up with Japanese pension funds to raise $20 billion.
OMERS Ventures has announced it will participate in Communitech’s HYPERDRIVE program—a startup incubator that provides mentorship and funding services to early-stage technology companies.
Consortium will develop property near lakefront.
OMERS Ventures, the venture capital investment arm of OMERS, is buying a $20 million ownership stake in Vancouver-based social media company HootSuite Media Inc.
OMERS Private Equity (OPE), the private equity investment arm of OMERS, is the recipient of the 2012 Canadian Dealmakers Mid Market Private Equity Award.
Standard Life’s former CEO, Joseph Iannicelli, has moved to OMERS, reports the Globe and Mail. Iannicelli is said to be joining the pension fund as senior advisor of enterprise marketing strategies and will report to OMERS CEO Michael Nobrega.
The California State Teachers’ Retirement System (CalSTRS), which is the U.S.’s second-largest public pension plan, is looking to Canada’s own OMERS for advice, reports Bloomberg.
OMERS ended 2011 with an all-time high of $55.1 billion in net assets—an increase of almost $12 billion since the 2008 global credit crisis. The pension plan attributes its success to a diversified asset mix that helped protect it from market volatility.