OMERS Private Equity (OPE), the private equity investment arm of OMERS, one of Canada’s largest pension funds completed the sale of Canadian healthcare IT company Logibec Inc. to US private equity firm GI Partners. Financing was provided by Macquarie Corporate and Asset Finance Lending. The acquisition price was undisclosed.
OPE continues to hold Logibec’s former subsidiary MatrixCare following completion of a pre-closing spin out transaction.
Headquartered in Montreal, Logibec is a 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. GI Partners is a leading middle market private equity investment firm based in San Francisco founded in 2001.
OPE and Logibec were represented in-house by Chantal Thibault, General Counsel and Managing Director and Andrew Prodanyk, Assistant General Counsel; and were assisted externally by Goodmans LLP with a team that included Brad Ross, Brian Savage and Jamie van Diepen (corporate), Carrie Smit and Kabir Jamal (tax) and Jean Anderson and Heather Gallagher (banking); by BCF LLP on matters relating to Quebec law with a team that included Guy Rouleau and Jean-Francois Noel; and by Sidley Austin LLP on matters relating to US law with a team that included Scott Parel, Jessica Sheridan and Jeff Henderson (corporate) and Kelly Dybala and Ramesh Dhanaraj (finance).
Management of Logibec and MatrixCare were represented by Davies Ward Phillips & Vineberg LLP in Canada with a team that included Franziska Ruf, Brian Kujavsky and Sylvie Samson (corporate) and Marie-Emmanuelle Vaillancourt (tax); and by Burns & Levinson LLP in the US with a team that included Raymond Baxter, Josef Volman and Robert Giacchetti.
GI Partners was represented by Stikeman Elliott LLP in Canada with a team that included John Leopold, Warren Silversmith, Barbara Sheng and Julien Lefebvre (corporate) Frank Mathieu and Nicholas Grenier (tax), Howard Rosenoff (banking); and by Paul Hastings LLP in the US with a team that included Brandon Howald, Aref Afsari and Sam Ghaffarzadeh (corporate), Doug Schaaf (tax), and Lindsay Sparks and Jennifer Gaudette (banking).