OMERS Private Equity ("OPE"), the private equity investment arm of OMERS, has entered into an agreement to sell Maxxam Analytics International Corporation (together with its affiliates, "Maxxam" or the "Company") to France-based public company Bureau Veritas SA ("Bureau Veritas") for an enterprise value of CAD$650 million. The transaction is expected to close in the first quarter of 2014, subject to satisfaction of customary closing conditions.
Michael Nobrega, President & Chief Executive Officer at OMERS since 2007, will retire from this position on March 31, 2014 and will be succeeded by Michael Latimer, currently OMERS Chief Investment Officer.
The news is finally out about the latest Shopify financing round, and it speaks to the reality that with money comes momentum. Momentum for the company. Momentum for the ecosystem.
Shopify, the leading ecommerce and retail platform used by over 80,000 businesses today announced the closing of a $100 million Series C investment. The investment is led by OMERS Ventures and Insight Venture Partners, with participation from Bessemer Venture Partners, FirstMark Capital, Georgian Partners, and Felicis Ventures. The new round of funding will help the company fully expand their recently launched offline retail offering.
Borealis Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System ("OMERS"), together with investment partners, has signed an agreement to acquire Fortum Corporation's electricity distribution networks in Finland.
Manager, Communications - Investments