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.
CEM Benchmarking gives OMERS high marks for pension service in an international study of 63 peer plans from around the world. CEM Benchmarking Inc. is an independent research firm that conducts an annual evaluation of pension plans in Canada, the US and Europe.
OMERS announced that pensions will increase by 0.90% as of January 1, 2014.This increase reflects 100% of the change in the cost of living as measured by the Canadian Consumer Price Index (CPI). Each January, OMERS pensions increase by the average increase in the CPI, to a maximum of 6%. If this figure is greater than 6%, the excess would be carried forward to the next year.
OMERS Private Equity ("OPE") announced today that it, along with existing management, has acquired Caliber Collision Centers ("Caliber" or the "Company") from private equity firm ONCAP, Onex Corporation's mid-market private equity platform. Based in Dallas, Texas, Caliber is the largest independent provider of automotive collision repair services in the U.S. with a network of 157 collision centres located in California, Texas, Arizona, Nevada, Oklahoma and Colorado. The Company has approximately 3,700 employees and repairs more than 285,000 vehicles annually.
Manager, Communications - Investments