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 […]
OMERS has announced the launch of its new venture capital arm, OMERS Ventures. An initiative of OMERS Strategic Investments (OSI), OMERS Ventures will provide financing for promising companies throughout the investment lifecycle. “We believe our program for investing in venture capital will result in a win-win scenario,” says Jacques Demers, president and CEO of OSI. […]
Canadian pension plans hold 5% of the globe’s pension fund assets—the fourth largest share in the world—according to a recent study by Towers Watson and Pensions & Investments. The survey of the world’s 300 largest pension funds found the U.S. remains the country with the largest share of assets at 34%, although this has declined […]
Omers is now the proud owner of V.Group. OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, has successfully completed their acquisition of V.Group Ltd. (“V.Group”) from Exponent Private Equity for an enterprise value of US$520 million. V.Group is one of the world’s largest shipping service firms, offering outsourced ship […]
Pension funds have been active in mergers and acquisitions (M&A) for the second quarter of 2011, reports the Financial Post Crosbie: Mergers & Acquisitions in Canada database. Financial sponsors had 12 mergers and acquisitions over $100 million in the second quarter of 2011, nine of which involved pension funds. The 12 transactions were valued at […]
Does David or Goliath make a better investor?
OMERS is expanding its transportation holdings with the purchase of one of the world’s largest shipping service firms. The private equity arm of OMERS has announced an agreement to acquire V.Group Limited for US$520 million. V.Group, which operates across 34 countries, is the global market leader in outsourced ship management and a leading player in […]