Ontario Municipal Employees Retirement System

Ontario Municipal Employees Retirement System

August 13, 2007 07:35 ET

OMERS Capital Partners Enters Into a Definitive Transaction Agreement to Acquire Golf Town Income Fund

TORONTO, ONTARIO--(Marketwire - Aug. 13, 2007) - OMERS Capital Partners ("OCP"), the entity responsible for the private equity investments of OMERS Administration Corporation ("OMERS"), announced today that it has entered into a definitive transaction agreement to acquire the business of Golf Town Income Fund, for an acquisition cost, including the assumption of debt, of approximately $240 million.

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 some 1,200 people.

Paul Renaud, President & CEO at OCP, said: "Golf Town is a real Canadian success story. We are investing with an exceptional management team and are very excited about the opportunity to continue to grow the business."

"OCP has an outstanding track record in building strong enterprises and shares our commitment to customers, our employees and the markets we serve", said Marshall Cohen, the Chairman of the Board of Trustees of Golf Town Income Fund.

OCP manages the private equity investment portfolio for OMERS, employing a team of investment professionals with in-depth experience in investing. 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