OMERS Capital Partners, the private equity arm of the C$35 billion (US$28.7 billion) Ontario Municipal Employees Retirement System, Toronto, invested US$110 million in two auto-parts manufacturers and US$30 million in U.S. drug company Warner Chilcott.
OMERS Capital invested US$40 million to buy a minority interest in Honsel International Technologies, Luxembourg, a supplier of light metal components to the auto industry. Ripplewood Holdings, a New York private equity firm, signed an agreement to buy Honsel from the Carlyle Group in October. The group also invested US$70 million for a minority interest in Affinia Group Inc., Ann Arbor, Mich., manufacturer and distributor of brake, chassis and filter components. The investment was made as part of a consortium led by New York-based Cypress Group to purchase the company.
The investment in Warner Chilcott was made with a consortium of private equity firms that included DLJ Merchant Banking, Bain Capital Partners, JPMorgan Partners and Thomas H. Lee Partners, according to a statement by Ian Coller, OMERS Capital president and CEO.