Meeting Summary

Investment Committee - July 18, 2017

Increased Investment in Thames Water

OMERS Private Markets sought the approval of the Investment Committee to proceed with the acquisition of an additional interest in Kemble Water Holdings Limited, the ultimate holding company of Thames Water Utilities Limited ("Thames Water"). Thames Water is the largest water and sewerage company in the UK.

Following a presentation and question/discussion period, the Investment Committee approved the acquisition. 

In a press release issued July 26, 2017, OMERS and OMERS Private Markets announced the purchase of an additional 5.5% interest in Kemble Water Holdings Limited from AMP Capital. The transaction is expected to close later in the year.

Disposition of Interest in Civica

OMERS Private Markets sought the approval of the Investment Committee to proceed with the disposition of OMERS interest in Civica, which is a leading provider of business-critical software, digital solutions and technology-based outsourcing services to both public sector organizations and to commercial organizations in highly regulated sectors in the UK and around the world

Following a presentation and question/discussion period, the Investment Committee approved the transaction.

In a press release issued July 24, 2017, OMERS and OMERS Private Markets announced the sale of Civica to funds managed and/or advised by Partners Group for a total consideration of £1,055m.

Additional Transaction

The Investment Committee also considered an additional pending investment transaction; however, due to legal and contractual reasons, the decision is required to be kept confidential.