OMERS Non-public Equity and AIMCo Announce Sale of The greater part Stake in ERM to KKR
LONDON, Could 17, 2021 (Globe NEWSWIRE) — OMERS Personal Equity and Alberta Expenditure Administration Corporation, on behalf of particular of its consumers (“AIMCo”), now declared that they have signed an arrangement to offer their majority stake in Environmental Sources Administration (“ERM,” or “the Company”) to KKR.
British isles headquartered ERM is the world’s premier pure-play sustainability consultancy, working in over 40 nations around the world with above 5,500 partners and workers globally. ERM companions with the world’s main companies to make impressive methods to sustainability difficulties and unlock professional chances that fulfill the requirements of right now although preserving chance for potential generations.
Since investing in ERM in 2015, OMERS Private Fairness and AIMCo have labored carefully with the Business and its administration to support the business’ continued development and enhancement. This development has been equally organic and natural and M&A-pushed, with ERM having obtained and properly built-in 14 highly complementary enterprises during OMERS and AIMCo’s financial commitment time period.
For the duration of this period of time of sustained monetary and operational achievement, ERM’s administration crew has been led by CEO Keryn James.
Jonathan Mussellwhite, Senior Handling Director and Head of OMERS European Private Equity, explained:
“When OMERS invested together with the management and AIMCo in 2015, we saw an option to again the marketplace leader in an market with considerable very long-term development probable, led by a proven, really-capable and ambitious management group. ERM has been a best match for OMERS Private Equity, our partnership tactic and our sizeable, evergreen cash base.
The sale of ERM is OMERS Non-public Equity’s fourth realisation in Europe and our fifth profitable exit globally in the past 3 decades. Each individual sale has resulted in solid money, supporting OMERS core motivation of delivering sustainable, economical and significant pensions for our members. We proceed to search for chances to deploy funds throughout Europe as we establish our European Non-public Fairness enterprise.”
James Frankish, Director, OMERS Non-public Fairness, stated:
“Since 2015, we have supported the Firm and its administration in ERM’s bold progress tactic with good success. As ERM has expanded into new concentrate sectors these as ability, chemical compounds, and technological innovation, and media and telecoms, ERM has also bolstered its leadership place in corporate sustainability and weather adjust. ERM moves on from our time period of financial commitment appreciably improved in scale and capacity, and very well-positioned to further produce crucial solutions to its buyers all-around the globe. We desire the enterprise, its management and its workers the quite best for the long term.”
Peter Teti, Senior Vice President, Personal Equity, AIMCo stated:
“AIMCo, on behalf of its clientele, is proud to have been element of ERM’s journey to be the main environmental and sustainability advisor globally. Our partnership with the management workforce and staff of ERM has served placement the Business to expand to new heights with the assist of an investment from KKR. We would like to thank the management staff and staff of ERM for their unwavering determination to the Business and its objective. AIMCo will continue on to seek out opportunities to spouse with fantastic administration teams and providers as we keep on to increase our world-wide Private Equity system.”
Keryn James, CEO, ERM claimed:
“We are thrilled to announce this new partnership with KKR, which will travel a extensive-time period path for advancement for ERM – broadening the scope of our shopper assistance and deepening our influence on sustainability. I’m so happy of the robust, nicely-regarded enterprise that we have constructed, with the guidance of OMERS Personal Fairness and AIMCo in latest a long time. It is our effectiveness operating alongside shoppers to handle their most urgent problems and prospects that assisted situation ERM as the suitable match for KKR’s expenditure philosophy.”
The transaction is expected to near in Q3 2021 topic to specified disorders, including regulatory approvals. Monetary conditions have been not disclosed.
Notes for Editors
Contact
Neil Hrab
OMERS Supervisor, World-wide Media Relations
+14163692418
[email protected]
Dénes Németh
Vice-President, Corporate Communications & Community Affairs
+17809324013
[email protected]
About OMERS and OMERS Private Equity:
Started in 1962, OMERS is just one of Canada’s largest defined gain pension options, with C$105 billion in net assets as at December 31, 2020. OMERS invests and administers pensions for a lot more than half a million users as a result of originating and controlling a diversified portfolio of investments in public markets, private fairness, infrastructure and actual estate.
OMERS had non-public equity internet financial commitment asset exposure of C$14.8 billion as at December 31, 2020. OMERS Non-public Fairness, the personal equity financial commitment arm of OMERS with a group of expense specialists in London, New York, Singapore and Toronto, seeks to use its considerable and differentiated money base to lover with management teams of market main corporations.
For additional data, please go to www.omersprivateequity.com
About Alberta Investment Administration Company (AIMCo)
AIMCo is just one of Canada’s premier and most diversified institutional investment decision administrators with additional than C$120 billion of property less than management. AIMCo was founded on January 1, 2008 with a mandate to supply remarkable very long-time period investment results for its consumers. AIMCo operates at arms-duration from the Governing administration of Alberta and invests globally on behalf of 32 pension, endowment and federal government resources in the Province of Alberta. AIMCo’s head business is found in Edmonton, Alberta, with extra places of work positioned in Toronto, London, and Luxembourg.
AIMCo’s Personal Fairness team is comprised of a committed team of professional investment pros and manages a non-public equity allocation of somewhere around C$8. billion.
More information and facts is readily available at www.aimco.ca
About ERM
ERM is the business enterprise of sustainability. As the largest global pure play sustainability consultancy, ERM companions with the world’s foremost organizations, developing progressive methods to sustainability challenges and unlocking professional chances that meet the requirements of today when preserving prospect for potential generations.
ERM’s numerous team of in excess of 5,500 planet-class specialists in around 150 places of work in 40 nations around the world supports clientele across the breadth of their organizations to operationalize sustainability. By ERM’s deep technological expertise. purchasers are very well positioned to tackle their environmental, health, protection, threat and social problems. ERM phone calls this capability its “boots to boardroom” method for its complete provider model that permits ERM to create strategic and technological methods that progress aims on the floor or at the executive level.
For far more info, be sure to stop by www.erm.com