Ontario Municipal Employees Retirement System

Ontario Municipal Employees Retirement System

September 28, 2007 15:09 ET

OMERS Capital Partners Completes Acquisition of Golf Town Income Fund

TORONTO, ONTARIO--(Marketwire - Sept. 28, 2007) - OMERS Capital Partners ("OCP"), the entity responsible for the private equity investments of OMERS Administration Corporation ("OMERS"), announced today that it has completed the acquisition of the operating business of Golf Town Income Fund (TSX:GLF.UN) for a cost, including the assumption of debt, of approximately $240 million.

"We are pleased to have completed this acquisition. We look forward to working with the management team to continue the growth and financial success of the business," said Paul Renaud, President & CEO at OCP.

Golf Town, headquartered in Markham, Ontario, is Canada's leading retailer of golf merchandise. Founded in 1998, it now operates 32 stores across Canada employing over 1,200 people.

OCP manages the private equity investment portfolio for OMERS, employing a team of experienced investment professionals. OCP has been investing in private companies for over 20 years and has helped businesses succeed across a wide range of industries. Visit the OCP website at www.omerscapital.com.

OMERS is one of Canada's largest pension plans, with more than $48 billion in assets invested around the globe in publicly-traded investments, real estate, infrastructure and private equity. It provides pension services to approximately 372,000 active and retired members on behalf of over 900 employers across Ontario. Learn more about OMERS at www.omers.com.

Contact Information

  • OMERS Capital Partners
    Paul Renaud
    President and CEO
    (416) 864-3201
    Website: www.omers.com