March 3, 2011
Receives 2010 Private Equity Mid Market Award with SGF
TORONTO - OMERS Private Equity ("OPE"), the private equity investment arm of the OMERS Worldwide group of companies, with Société générale de financement du Québec ("SGF"), is a 2010 winner of the Canadian Dealmakers program.
The Dealmakers Mid Market Private Equity Award was presented to OPE and SGF at a Gala in Toronto last night, recognizing them for their acquisition of Logibec Groupe Informatique Ltée in July 2010.
"OPE is focused on building long-term and sustainable value creation in the businesses we acquire and we are pleased to receive an award recognizing us for this approach. We also appreciate the Canadian Dealmakers recognition of our success in working constructively with Logibec, its management team and SGF to execute the transaction," said Lisa Melchior, Managing Director at OPE.
"Through its participation in this project, SGF is able to support an expanding Québec-based company and be involved in the consolidation of the company's position in the United States, where it currently controls 12% of the information systems market dedicated to the long-term care sector," added Pierre Puglièse, Senior Vice-president, Investments Technologies and Life Sciences Group at SGF.
The prestigious Canadian Dealmakers awards program was founded by Deloitte, Lexpert, The Globe and Mail and Thomson Reuters, with the Private Equity Mid Market Award co-sponsored by Canada's Venture Capital & Private Equity Association.
The awards honour Canadian organizations and individuals who have made a significant contribution to the merger and acquisition market, through measures including innovation, growth, establishment of best practices, and value creation.
In 2010, OMERS and SGF purchased a majority stake in Logibec for approximately $250 million in cash. Founded in 1982 and headquartered in Montreal, Logibec is among the fastest-growing North American companies specializing in information systems for the health and social services sector.
About OMERS Private Equity
Operating under the OMERS Worldwide brand, OMERS Private Equity manages the private equity activities of OMERS and has over $5.0 billion of investments under management. The group's investment strategy includes the active ownership of businesses in North America and Europe. OMERS Private Equity is headquartered in Toronto, with offices in New York and London. For further information visit: www.omerspe.com
OMERS is one of Canada's largest pension funds with over $53 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
Société générale de financement du Québec (sgfqc.com), an industrial and financial holding company, has a mission to carry out economic development projects, particularly in the industrial sector, in cooperation with partners and in compliance with accepted profitability requirements and with the economic development policy of the Québec government. As part of its new mandate, SGF is authorized by the Québec government to go beyond its traditional role as an equity investor by offering complementary solutions, such as loans, debentures or preferred share investments.
Last September, the government announced the merger of Société générale de financement du Québec and Investissement Québec, effective April 1, 2011. The merger will pool the two agencies' considerable expertise, expand the range of solutions available to Québec businesses and provide greater assistance with everything from start-up to exporting.
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