LifeLabs beefs up staff with new hire

By Iris Dorbian — 1 month ago

Toronto-based LifeLabs Medical Laboratory Services, a provider of lab testing, has named Chris Carson as vice president of partner relations and transformation. Previously, Carson worked at Trillium Health Partners where he was associate vice president. LifeLabs is indirectly owned by OMERS Administration Corp., whose interest is managed by Borealis Infrastructure.

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OMERs to invest in six Bruce Power reactor units

By Iris Dorbian — 2 months ago

OMERS has agreed to invest in the refurbishment of six Bruce Power reactor units for the next 20 years. Bruce Power‘s other backers, which include TransCanada, the Society of Energy Professionals and the Power Workers Union will also participate in the project as investors. No financial terms were disclosed. Based in Ontario, Canada, Bruce Power generates about 30 percent of Ontario’s electricity supply.

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MANN+HUMMEL to acquire OMERS-backed Affinia Group

By Iris Dorbian — 6 months ago

MANN+HUMMEL has agreed to buy Affinia Group, an Ann Arbor, Michigan-based provider of replacement parts for on and off-road vehicles. No financial terms were disclosed. Robert W. Baird & Co served as financial advisor to Affinia on the transaction. Affinia is backed by Cypress Group, OMERS and Northwestern Mutual.

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Harvest Partners sells DTI

By Luisa Beltran — 1 year ago

OMERS Private Equity, the PE arm of OMERS, has completed its recap of Document Technologies Holdings. The seller is Harvest Partners. Atlanta-based DTI provides legal process outsourcing services in the U.S.

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Derek Smyth Jumps to OMERS Ventures

4 years ago

OMERS Ventures, the venture capital investment arm of Canada’s OMERS pension plan, announced Monday that it has hired Derek Smyth as a managing director. Smyth worked previously as a partner at Edgestone Capital Partners, and also worked with Bridgescale Partners. The addition of Smyth is the second such announcement this month for OMERS Ventures. The firm recently added former PeopleSoft executive Howard Gwin as a managing director.

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OMERS Ventures Adds Howard Gwin

4 years ago

OMERS Ventures, the investment arm of the OMERS pension plan, has added Howard Gwin as a managing director. Previously, Gwin has worked as president of Solect Technology Group and as EVP of Worldwide Operations at Peoplesoft Inc.

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OMERS Seals Financing for V.Group

4 years ago

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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OMERS Opens NYC Office

4 years ago

OMERS, one of Canada’s largest pension funds, has opened an office in New York City. The fund, with $53 billion in net assets, will have a 30-person team working in New York, specializing in real estate, infrastructure, private equity and capital markets.

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