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 […]
OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, has purchased Accelerated Holdings, LLC from San Francisco-based private equity firm Gryphon Investors. Terms of the acquisition were not disclosed. Accelerated Holdings, founded in 1989 and headquartered in Chicago, is a leading provider of traditional and specialty outpatient physical rehabilitation services […]
Socially responsible assets in Canada dropped marginally to $531 billion as of June 30, 2010, compared with $579 billion in 2008, according to the biennial SRI review, released today by the Social Investment Organization. However, SRI still represents about one-fifth of total Canadian assets under management, about the same level as 2008. “SRI has held […]
Berkshire Partners LLC, the Boston-based private equity firm, and OMERS Private Equity Inc., the private equity arm of the OMERS Worldwide group of companies, announced today that they have signed a definitive agreement to jointly acquire Husky International Ltd. and its subsidiaries from Onex Corp. and its affiliated funds. Headquartered in Bolton, Ont., Husky is […]
Several of the stories we’ve run on BenefitsCanada.com over the past few weeks have triggered a lot of discussion. When we asked if convicted felons should receive pensions, one reader pointed out: “It is galling to see Col. William receive his pension. But, pensions are part of total compensation, and a family asset. There is […]