Weighing the Pros and Cons.
Canadian banks are opposing a push by OMERS to manage PRPPs, reports Bloomberg News.
OMERS announced that its pensions will increase by 2.84% as of Jan. 1, 2012. This increase reflects the change in the cost of living as reported by the Canadian Consumer Price Index.
OMERS Ventures, the venture capital investment arm of the OMERS pension plan, has announced that Derek Smyth is joining its team as managing director.
OMERS Ventures, the venture capital investment arm of OMERS, has announced that Howard Gwin is joining its team as managing director.
Merger and acquisition activity edged higher in Canada in the third quarter, thanks to a wave of deals by pension funds and banks, says a report released Oct. 28 by PwC. According to PwC’s Capital Markets Flash quarterly report, deal volume in the July-September period rose by 8% compared to the same quarter last year, […]
OMERS has announced the opening of an office in New York City as the pension fund looks towards more U.S. private market investments. The new office, to be located at 320 Park Avenue, will house a 30-member team of investment analysts specializing in real estate, infrastructure, private equity and capital markets. OMERS has $10 billion […]
OMERS Private Equity has helped finance a management-led buyout of U.S.-based Great Expressions dental centres from affiliates of private equity firm Audax Group. Financial terms of the deal, announced Oct. 21, were not revealed. Founded in 1982 and headquartered in Bloomfield Hills, Mich., Great Expressions operates 152 dental offices in seven states: Connecticut, Florida, Georgia, […]
OMERS Ventures and Charles River Ventures have invested a combined $5 million in Wave Accounting Inc., an online accounting application developer, as part of Wave’s Series A financing round. “OMERS Ventures is pleased to continue its association with Wave,” says Peter Carrescia, managing director with OMERS Ventures, who participated in Wave’s seed financing round in […]
The Canada Pension Plan Investment Board (CPPIB) and Oxford Properties, the real estate arm of OMERS, are teaming up in a fifty-fifty joint venture to build the new national headquarters for Royal Bank in downtown Toronto. Oxford will oversee all aspects of the development and management of the property. The 30-storey office tower, to be […]