Investment Committee – May 1, 2018
Acquisition of Alexander Mann Solutions
OMERS Private Equity sought the approval of the Investment Committee to acquire Alexander Mann Solutions, a leading global provider of talent acquisition and management solutions delivering value to clients through a portfolio of outsourcing and consulting services serving more than 100 clients in over 85 countries.
Following a question and discussion period, the Investment Committee approved the sale.
In a press release issued May 10, 2018, OMERS and OMERS Private Markets announced that OMERS Private Equity agreed to acquire Alexander Mann Solutions from New Mountain Capital for an enterprise value of £820m (USD$1.1bn). The proposed transaction is expected to close in the second quarter of 2018.
The Investment Committee considered several additional pending investment transactions; however, due to legal and contractual reasons, the decisions are required to be kept confidential.