Investment Committee – November 1, 2017
Investment in Trescal
OMERS Private Equity sought the approval of the Committee to acquire a majority stake in Trescal, the leading international specialist for calibration services.
Following a presentation and question/discussion period, the Committee considered the proposed resolution and requested a number of clarifying amendments, which Management incorporated. The Investment Committee approved the transaction.
In a press release issued November 14, 2017, OMERS and OMERS Private Markets announced that OPM entered into an agreement with the owner, Ardian, an independent private equity company, which granted exclusivity to OMERS to acquire a majority stake in Trescal.