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Canada: OMERS buying consulting firm for US $1.7 billion

By  |  June 16, 2015

Charterhouse yesterday sold its stake in the world’s biggest environmental consultancy to Canadian mega fund Ontario Municipal Employees’ Retirement System in a deal worth $1.7 billion.

Omers’ private equity arm will buy Charterhouse’s 55 per cent investment in Environmental Resources Management, which is headquartered in London with 162 other offices around the world.

“This is our sixth investment since launching OPE’s European operation in 2009 and brings our capital deployed in Europe on behalf of our members to over CA $2 billion,”?said Mark Redman, head of Europe at Omers’ private equity unit.

The deal is the second collaboration between Omers and Alberta after the duo bought cinema chain Vue Entertainment for 935 million in 2013.

Full content: Financial Post

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