Jefferies LLC is financial advisor to both
OMERS and LGP.
Barclays served as financial advisor for Plains, and Jefferies advised
OMERS. Legal advisors included: Vinson & Elkins LLP for Plains, GableGotwals for Magellan and Sidley Austin LLP for
OMERS.
OMERS will acquire a 30 percent interest from Houston-based Plains and a 20 percent interest from Tulsa-based Magellan.
We continue to seek high-quality infrastructure assets that generate steady cash flow to help pay pensions, and our investment in Bruce Power fits this strategy very well," said Michael Rolland, Chief Investment Officer,
OMERS Private Markets.
The
OMERS deficit now stands at more than $7 billion.
GE Antares, a unit of GE Capital (NYSE: GS), has said that it has served as administrative agent for a USD158.5m senior secured credit facility to support
OMERS Private Equity's acquisition of United States Infrastructure Corporation (USIC).
OMERS acquired a 30% interest from Plains and a 20% interest from Magellan, with Plains and Magellan each receiving a proportionate share of the total purchase price.
25 September 2018 - Canada-based
OMERS Private Equity has agreed to acquire California, US-based medical management provider Paradigm Outcomes, the company said.