OMERS sells software firm Civica for $1.72B
by The Canadian Press
The private equity arm of the Ontario pension fund acquired Civica in 2013 when it was valued at less than half that amount
TORONTO—OMERS Private Equity has signed a deal to sell U.K.-based software company Civica to investment manager Partners Group for roughly C$1.72 billion.
The private equity arm of Ontario pension fund acquired Civica in 2013 when it was valued at less than half that amount.
Civica provides business software to both government organizations and the private sector in highly regulated sectors around the world.
OMERS manages investments on behalf of 470,000 members from city governments, school boards, emergency services and local agencies across Ontario.