OMERS Private Equity Buys Civica From 3i Group

OMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System, has completed its purchase of Civica Group PLC from British buyout firm 3i Group for an enterprise value of 390 million pounds (or around US$604 million). Civica is a London, U.K.-based provider of specialised software systems, cloud-based IT services and technical outsourcing to public sector organisations worldwide. 3i took the company private in 2008.

PRESS RELEASE

OMERS Private Equity (“OPE”), the private equity investment arm of the OMERS pension plan, has completed the purchase of Civica from 3i and funds managed by 3i for an enterprise value of £390m.

Civica is a leading provider of specialised software systems, cloud-based IT services and technical outsourcing, primarily to public sector organisations in the UK and around the world. Civica has extensive capabilities and presence across local government, education, social housing, healthcare, and emergency services. The Company employs over 2,000 staff, around 60% of which are based in the UK.

OPE will support the management team as they seek to capitalise on organic growth opportunities, and to combine this with selective acquisitions to further enhance the product and service capabilities of the company. Civica’s management team, led by long-term CEO Simon Downing, will also reinvest and continue leading the business.

Civica fits OPE’s selective acquisition criteria. It is a market leader with a proven track record, in an industry with considerable long term growth potential and high levels of recurring revenues. Civica’s software systems are mission critical and its services are designed to drive improvements in efficiency, lower costs and speed up service delivery.

Mark Redman, Senior Managing Director & Country Head – Europe of OMERS Private Equity commented:
“We are very pleased to be working with Simon and his team to support Civica in its next phase of development. Civica has a proven track record and we are confident that together we can build an even greater business.”

Simon Downing, CEO of Civica said:
“I very much look forward to working with OPE. Their patient capital approach is an ideal fit for Civica and our customers as we seek to capitalise on the many opportunities ahead of us. We see OPE as long term partners, who will support us as we continue to expand the Civica offering both in the UK and internationally.”

This acquisition by OPE represents the fourth direct investment completed by its European private equity team led by Mark Redman and established in London in September 2009, bringing the total OPE capital invested since inception to C$1 billion. In September 2011 OPE acquired V.Group, the leading supplier of independent ship management services to the global shipping industry, and this followed the December 2009 investment in Haymarket Financial, a leading independent specialist provider of credit financing to middle-market European businesses. In June 2012, OPE completed the acquisition of Lifeways, the UK’s leading providers of supported living, delivering specialist services for people with a range of disabilities and specific needs.

For further enquiries, please contact:

UK Peter Ogden, pogden@maitland.co.uk
James Devas, jdevas@maitland.co.uk
Maitland OMERS
+44 (0)20 7379 5151

Canada
Lori McLeod
Director, Media Relations
+1 (416) 369.2399
LMcLeod@Omers.com

About Civica
Civica (www.civica.co.uk) is a market leader in specialist systems and business process services for organisations across the public sector and around the world. Through experienced people who
understand service delivery, the Group applies software, cloud-based services and outsourcing to help customers transform the way they work. Drawing on a unique combination of people, technology and business process expertise, the Group supplies more than 2,500 organisations in the UK, Australia, New Zealand, Singapore, Canada and the USA.

About OMERS Private Equity
Operating under the OMERS Worldwide brand, OPE today manages the private equity activities of OMERS and has over $6 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.

About OMERS
OMERS is one of Canada’s largest pension funds with over $60 billion in net assets. It provides first class pension administration and innovative products and services to over 400,000 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.
For more information, please visit www.omers.com, or www.omersworldwide.com.

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James Devas
Associate Partner
T: +44 20 7379 5151
F: +44 20 7379 6161
jdevas@maitland.co.uk

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