Canadian pension fund Ontario Municipal Employees Retirement System has sealed additional financing for its acquisition of Scotland-based shipping services company V.Group, Reuters reported Friday. HSBC and Citi joined the Royal Bank of Canada in underwriting a $260 million loan for the acquisition. OMERS acquired V.Group in July from private equity firm Exponent for $520 million backed by leveraged loans solely underwritten at the time by RBC, Reuters wrote.
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Exponent Private Equity has agreed to buy Gorkana, a journalist database for PR pros, according to PaidContent. The deal is valued at under £25 million, with Exponent merging Gorkana with existing portfolio company Durrants. www.gorkana.com