Borealis Infrastructure, the infrastructure investment manager of OMERS, and Wren House Infrastructure Management Limited, the infrastructure investing arm of the Kuwait Investment Authority, are pleased to announce that they have agreed to acquire a 26% stake in Kemble Water Holdings Limited, the ultimate holding company of Thames Water Utilities Limited, from Macquarie Infrastructure & Real Assets.
OMERS, the pension plan for Ontario's municipal employees, further improved its funded status in 2016 with an increase to 93.4% due to strong investment returns, and member and employer contributions. The 2016 net investment return was 10.3% (after all expenses), compared to a benchmark of 7.9%, and a net return of 6.7% in 2015. Net assets grew $8.1 billion in 2016 to $85.2 billion.
Fairfax Financial Holdings Limited ("Fairfax") (TSX:FFH)(TSX:FFH.U) and OMERS, the pension plan for Ontario's municipal employees, are pleased to announce that they have entered into an agreement pursuant to which OMERS will invest US$1 billion in order to indirectly acquire approximately 21% of the issued and outstanding shares of Allied World Assurance Company Holdings, AG ("Allied World"), simultaneously with the previously announced acquisition of Allied World by Fairfax and subject to certain regulatory approvals.Â Â Â
OMERS Private Equity ("OPE"), part of OMERS Private Markets, announces that it has agreed to sell V.Group ("V.Group" or the "Company") to Advent International ("Advent"). OPE will reinvest in a minority stake in V.Group, working with Advent and the management team to support the continued growth and development of the business.
OMERS announced that pensions will increase by 1.45% as of January 1, 2017. This increase reflects the change in the cost of living as measured by the Canadian Consumer Price Index (CPI).
Manager, Communications - Investments