Latest news with #Omers
Sky News
4 days ago
- Business
- Sky News
Aussie giant Macquarie takes off with stake in London City Airport
The Australian financial giant Macquarie is close to snapping up a stake in London City Airport – the capital's fifth-biggest – amid a wider shake-up in its ownership structure. Sky News understands that Macquarie Asset Management is nearing a deal to buy a minority interest in the Docklands airport from at least one of its cluster of Canadian shareholders. Industry sources said City Airport was preparing to make an announcement about changes to its shareholder base as soon as this week, although the Macquarie deal may take slightly longer to finalise, they added. The valuation of any agreement was unclear on Monday. It follows reports earlier this year that Omers and AIMCO, two big Canadian pension funds, had hired bankers at Morgan Stanley to advise them on the sale of their interest in the London airport. Macquarie was named at the time as a potential buyer of the 25% stake owned by Ontario Teachers' Pension Plan (OTPP). London City Airport has been given permission to increase passenger numbers from 6.5 million annually to 9 million, although it was denied the opportunity to extend its Saturday operating hours. It is now seeking other regulatory concessions in order to accelerate its growth, with Britain's aviation capacity featuring prominently on the UK's economic priority list. Macquarie has been a prolific investor in UK airports, having announced the sale of AGS - comprising Aberdeen, Glasgow and Southampton airports - earlier this year.
Mint
25-04-2025
- Business
- Mint
Omers' Eric Haley Retires in Latest Change Within Private Equity
The head of buyouts at Ontario's pension fund for local government workers, Eric Haley, will retire and leave the firm at the end of the year in the latest change to the plan's private equity business. Haley will continue to lead the North American buyout team until the end of 2025, Don Peat, spokesperson for the Ontario Municipal Employees Retirement System, said in an email. 'We are deeply grateful to Eric for his commitment to delivering on the Omers pension promise and his significant contributions to our private equity business and team culture.' Omers has been revamping its private equity unit under Ralph Berg, who became chief investment officer in 2023. Last year, the Toronto-based fund halted direct private equity investments in Europe and opted to shift its strategy by investing alongside partners and external managers. The pension also launched a global funds strategy within a new group called Private Capital. The C$27.5 billion private equity portfolio was split, with Michael Block leading the global funds strategy and Haley overseeing the North American buyout program, the firm said at the time. It's unclear whether Omers will replace Haley. Haley's departure continues a period of employee change within Omers' private equity business. In March, Alexander Fraser, a former partner of a Temasek-backed fund, joined as global head of its private equity arm. He succeeded Michael Graham, who retired in February. Jonathan Mussellwhite, who had led private equity in Europe since 2018, left a few months before that. For decades, the so-called Maple Eight have built up their deal teams to take a leading role in some private equity transactions. Now, some of them want to lean more on partners, as higher borrowing costs choked deal activity and diminished the allure of controlling portfolio firms. Last month, Ontario Teachers' Pension Plan said it's re-examining its buyout unit, aiming to work more with partners rather than owning large or controlling stakes in private businesses as it seeks to mitigate risk. And Caisse de Depot et Placement du Quebec said in February that it will scale back its direct investing and team up with third-party managers. This article was generated from an automated news agency feed without modifications to text. First Published: 26 Apr 2025, 01:22 AM IST
Bloomberg
25-04-2025
- Business
- Bloomberg
Omers' Eric Haley Retires In Latest Change Within Private Equity
By and Paula Sambo Save The head of buyouts at Ontario's pension fund for local government workers, Eric Haley, will leave the firm at the end of the year in the latest change to the plan's private equity business. Haley will continue to lead the North American buyout team until the end of 2025, Don Peat, spokesperson for the Ontario Municipal Employees Retirement System, said in an email. 'We are deeply grateful to Eric for his commitment to delivering on the Omers pension promise and his significant contributions to our private equity business and team culture.'
Bloomberg
10-02-2025
- Business
- Bloomberg
Deutsche Glasfaser Seeks More Than €1 Billion in Funding for Fiber Rollout
By , Gillian Tan, and Swetha Gopinath Save Deutsche Glasfaser, a fiber-optic provider backed by EQT AB and Omers, is seeking new investors to help fund its fiber rollout, people with knowledge of the matter said. The German company is working with Goldman Sachs Group Inc. to raise more than €1 billion ($1 billion) through the sale of a minority stake, according to the people. The owners are seeking a valuation of over €10 billion for Deutsche Glasfaser in a deal, one of the people said.
