OMERS Private Equity Completes Sale of Logibec Inc. to GI Partners
|Areas||Banking and Finance Law, Corporate and Commercial, Health Care Law, Private Equity, Tax, Technology|
Goodmans represented OMERS Private Equity (OPE), the private equity investment arm of OMERS, one of Canada’s largest pension funds in connection with the completion of the sale of Canadian healthcare IT company Logibec Inc. to US private equity firm GI Partners. Financing for the transaction was provided by Macquarie Corporate and Asset Finance Lending. The acquisition price was undisclosed. OPE continues to hold Logibec’s former subsidiary MatrixCare, the industry leading Electronic Health Record provider for long-term care and senior living providers, following completion of a pre-closing spin out transaction.
Headquartered in Montreal, Logibec is a leading Canadian healthcare IT company specializing in the development, marketing, implementation and support of clinical and administrative information systems for the health and social services sectors. Logibec was founded in 1982, and taken private by OPE in 2010.
Founded in 2001, GI Partners is a leading middle market private equity investment firm based in San Francisco. The firm currently manages over $11 billion in capital commitments through private equity and real estate strategies for recognized institutional investors.