OMERS Personal Equity announces settlement to receive Network Furthermore, The Canadian Enterprise Journal

OMERS Personal Equity announces settlement to receive Network Furthermore, The Canadian Enterprise Journal

OMERS Private Equity announces agreement to acquire Network Plus

Announcement marks OMERS Private Equity’s entrance into the UK’s critical utility/infrastructure maintenance and routine maintenance sector, with sizeable tailwinds from demanded investment decision in strength changeover and decarbonisation

LONDON, July 11, 2022 (World NEWSWIRE) — OMERS Private Equity announced nowadays that it has entered into an settlement with management shareholders and Livingbridge to purchase Community As well as (the “Company”), a primary utility and infrastructure maintenance and maintenance support service provider in the British isles. OMERS Personal Fairness invests on behalf of OMERS, the defined advantage pension approach for municipal staff members in the Province of Ontario, Canada.

As 1 of the UK’s main utility and infrastructure service suppliers, Community As well as associates with blue chip organisations to maintain and produce essential services – like drinking water, electric power, gas and telecoms – to residences, businesses, and sector. The Company is headquartered in Worsley, Higher Manchester with a staff of more than 5,000 specialists operating from 85 regional workplaces and depots throughout the Uk.

Jonathan Mussellwhite, Senior Running Director and OMERS Head of European Non-public Fairness, mentioned: “For the previous five a long time, Dan Holland and Stuart Fraser, together with the Network Furthermore administration group, have built a current market-foremost organization with a earth-course client-centric track record, and we are delighted to have the possibility to spouse with them on the subsequent stage of the business’ growth. As long-expression associates with evergreen funds, OMERS is uniquely put to support the small business going ahead, not least the role it has to play helping Uk infrastructure with the substantial expense demanded across strength changeover, decarbonisation and sustainability.”

Dan Holland, Joint-CEO, Network Moreover, mentioned: “OMERS share our ambition and vision for the company offering crucial utility providers and actively playing a major part in the decarbonisation of the Uk. They are committed to additional establishing our core functions and maximizing our experience in adjacent infrastructure markets, making new possibilities for our workers and prospects. We seem ahead to functioning together with Jonathan, Simon and the broader team.”

Simon Jones, Director, OMERS Non-public Equity Europe, mentioned: “As active traders and supervisors, we have been incredibly amazed with Community Plus’s observe document of growth and the speed in which it has established alone as a leader in the essential and resilient United kingdom infrastructure services current market. We are thrilled, not only by the substantial whitespace remaining in main marketplaces, but also by options to broaden into adjacent sectors with the same have to have for recurring repair, servicing and financial investment solutions and where purchaser safety and service are paramount. With OMERS deep encounter in bolt-ons and strategic acquisitions, as nicely as sizeable money to deploy, we are perfectly positioned to aid the Company’s method.”

About OMERS Non-public Equity:

OMERS Private Fairness manages investments globally on behalf of OMERS, one particular of Canada’s greatest defined profit pension options, with C$121 billion in net belongings as at December 31, 2021, which include approximately C$19.6 billion in internet private equity investment asset publicity. With teams in New York, London, Toronto and Singapore, OMERS Non-public Equity invests throughout Industrials, Health care, Business Products and services and Technological know-how, deploying an evergreen cash base to partner with strong management teams and remodel good organizations into industry leaders close to the world.

About Network In addition:

Community Additionally is a leading utility and infrastructure assistance company.  Every single working day, the company properly maintains, constructs and delivers essential products and services to millions of customers throughout the British isles. Network As well as is effective across the h2o, wastewater, fuel, electricity, telecoms, transportation and infrastructure sectors. With a workforce of more than 5,000 resources operating out of 85 regional workplaces and depots, the corporation addresses a broad geographical foundation. The Team business has gone through speedy growth, subsequent the award of major extensive-phrase contracts with big United kingdom utility and infrastructure organisations. With its appreciable monitor history of offering vital providers for clientele, the Group is proud to be an market chief.

OMERS Contact:

Sophia Johnston
FGS World wide
[email protected]
+44 207 251 38 01

Olga Petrycki
[email protected]
647 407 1637

CBJ Newsmakers

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