GI Partners has closed its previously announced buy of Logibec from OMERS Private Equity. No financial terms were disclosed. Harris Williams and National Bank of Canada provided financial advice to Logibec on the transaction while William Blair was financial advisor to GI Partners. Macquarie Corporate and Asset Finance Lending provided the financing for the deal. Montreal-based Logibec is a healthcare IT company.
SAN FRANCISCO, CA, January 16, 2015 – GI Partners, a leading middle market private equity firm, announced today that it has completed the previously announced acquisition of Logibec, Inc. (“Logibec”), a Canadian healthcare IT company, from OMERS Private Equity.
Logibec is one of Canada’s largest healthcare IT companies specialized in the development, marketing, implementation, and support of clinical and administrative information systems. The company has a team of over 300 professionals and a large number of healthcare facilities using the company’s software. Dedicated entirely to the health and social services sectors, Logibec was founded in 1982 and is headquartered in Montreal.
Harris Williams & Co. and National Bank of Canada acted as financial advisors, and Goodmans LLP served as legal counsel for Logibec. Davies Ward Phillips & Vineberg LLP served as legal counsel for management. William Blair & Company served as financial advisor, and Paul Hastings LLP and Stikeman Elliot LLP served as legal counsel for GI Partners. Financing for the transaction is being provided by Macquarie Corporate and Asset Finance Lending.
About Logibec Inc.
Logibec is a leading Canadian healthcare IT company that has been recognized and ranked in the Branham 300 Industry survey for the last 4 years as No. 1 among the Top Pure-Play Healthcare IT Companies in Canada. With over 30 years of dedication to the ever-evolving North American healthcare market, Logibec’s software and information systems meet the current and future needs of the health and social services sector. For further information, please visit: www.logibec.com.
About GI Partners
Founded in 2001, GI Partners is a leading middle market private equity investment firm based in San Francisco. The firm currently manages over $11 billion in capital commitments through private equity and real estate strategies for recognized institutional investors, including some of the largest state and sovereign pension funds in North America, Europe, Australia, Asia, and the Middle East. GI Partners is active in a number of key sectors, including TMT, Healthcare Services, Retail & Leisure, and Financial & Real Estate Services. For more information on GI Partners and its entire portfolio, please visit www.gipartners.com.
About OMERS Private Equity Inc.
OMERS Private Equity (“OPE”) manages the private equity activities of OMERS and has over CAD$7 billion of investments under management. The group’s investment strategy includes the active ownership of businesses in North America and Europe. OPE is headquartered in Toronto, Canada, with offices in London and New York. For further information visit: www.omerspe.com.
OMERS is one of Canada’s largest pension funds with over CAD$65 billion in net assets. It provides first-class pension administration and innovative products and services to over 440,000 members. Approximately one in every 20 employees working in the province of Ontario is an OMERS member. Through the OMERS Worldwide brand, our team of investment professionals uses a direct drive, active management investment strategy to invest in public and private market assets, including publicly-traded equities, fixed-income, infrastructure, private equity and real estate.