GI Partners has completed its previously announced acquisition of Logibec, a Canadian healthcare IT company, from OMERS Private Equity.
Logibec is one of Canada’s largest healthcare IT companies specialized in the development, marketing, implementation, and support of clinical and administrative information systems used in the health and social services sector. Logibec was founded in 1982 and is headquartered in Montreal (www.logibec.com).
GI Partners invests from $50 million to $250 million in companies with enterprise values of $100 million to $750 million. Sectors of interest include IT infrastructure & services; healthcare services; leisure & retail; and financial & real estate services. Since founding, GI has managed $11 billion across four private equity funds and invested in 39 platform investments. GI Partners is based in Menlo Park (www.gipartners.com).
OMERS Private Equity manages the private equity activities of OMERS, one of Canada’s largest pension funds. The group’s investment strategy includes the active ownership of businesses in North America and Europe. Sectors of interest include manufacturing, financial and business services, industrial and consumer products, transportation, and technology. Investment sizes range from $100 million to $500 million. The firm is located in Toronto with offices in New York and London and has $6 billion of investments under management (www.omerspe.com).
Financing for the transaction is being provided by Macquarie Corporate and Asset Finance Lending.
Harris Williams & Co. and National Bank of Canada acted as financial advisors, and Goodmans LLP served as legal counsel for Logibec. William Blair & Company served as financial advisor, and Paul Hastings LLP and Stikeman Elliot LLP served as legal counsel for GI Partners.
© 2015 PEPD • Private Equity’s Leading News Magazine • 1-20-15
