Ownership of Website and Trademarks/Lawful Use
Local Legal Restrictions
The website is not directed at any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication or availability of the website is prohibited or which would subject us to any registration or other requirement within such jurisdiction or country. Persons in respect of whom such prohibitions apply must not access the relevant pages on the website. Those who access the website do so on their own initiative and are responsible for compliance with applicable local laws and regulations; legal advice should be sought in cases of doubt.
No Offer of Securities – Disclosure of Interests
The information on this website is provided for informational purposes. Under no circumstances should any material at this website be used in connection with or considered an offer, solicitation of an offer, or a recommendation to purchase or sell, any securities, nor does it constitute investment advice or an endorsement with respect to any investment strategy or company. OPE does not offer to provide any product or service in any jurisdiction, or to or for the account of any person in any jurisdiction, where OPE is not registered or where such an offer would be unlawful. This material serves to provide general information and is not intended to be, and should not be construed as, legal or tax advice, which can only be provided by qualified tax and legal counsel.
Forward-Looking Statements and Information
This website and the other sources of information incorporated by reference herein may contain certain "forward-looking statements" and "forward-looking information". Forward-looking statements and forward-looking information are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. OPE undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
Material to be Consulted in its Entirety
All materials at this website are meant to be reviewed in their entirety, including any footnotes, legal disclaimers, restrictions or disclosures, and any copyright or proprietary notices. Any disclaimers, restrictions, disclosures or hedge clauses apply to any partial document or material in the same manner as they do the whole, and will be deemed incorporated in the portion of any material or document that you consult or download.
The materials in this website are provided “as is” without warranty of any kind, either express or implied, to the fullest extent permissible pursuant to applicable law. OPE further assumes no responsibility for, and makes no warranties that, functions contained at this website will be uninterrupted or error-free, that defects will be corrected, or that the website or the server that makes it available will be free of viruses or other harmful components. OPE shall not be liable for any damages to, viruses that may infect, or services, repairs or corrections that must be performed on, your computer or other property on account of your accessing or use of this website. Please note that some jurisdictions do not allow the exclusion of implied warranties. Thus, some or all of the above exclusions may not apply to you.
Limitation of Liability
Disputes and Severability
Global Dealing Restrictions
OPE makes no representation that this website is appropriate for use in all locations, or that transactions, securities, products, instruments or services discussed on this website are available or appropriate for sale or use in all jurisdictions, or by all investors or counterparties. Those who access this website are responsible for compliance with applicable laws or regulations. No software on this website may be downloaded or otherwise exported in contravention of applicable laws or regulations.
The information contained herein is not investment advice. Any specific companies listed or discussed do not represent any or all companies purchased, sold or recommended since inception. One should not assume that all investments in the companies identified are or will be profitable or that the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance of the securities discussed herein. Past performance is not indicative of future results.
Third Party Website Disclaimer
Certain links in this website may link you to other websites on the World Wide Web. In providing such links, OPE does not represent to you that it has investigated the content of such third party websites. OPE does not warrant or guarantee the accuracy of any content included on third party websites nor does it endorse, credential or accredit any opinions, recommendations or information included on such third party websites. Your use of third party websites is at your own risk and subject to the terms and conditions of use for such websites.
OMERS Private Equity Europe Limited (“OPE Europe”) Walker
Guidelines for Disclosure and Transparency in Private Equity
In 2007, a UK advisory group led by Sir David Walker published the Walker Guidelines for Disclosure and Transparency in Private Equity (the “Guidelines”), which make recommendations to encourage greater disclosure and transparency by private equity firms investing in United Kingdom portfolio companies.
OPE Europe has voluntarily agreed to endeavor to conform to the Guidelines on a “comply or explain” basis. OPE Europe also intends to work alongside its United Kingdom portfolio companies covered by the Walker Guidelines to do the same.
OMERS, OPE and OPE Europe
Founded in 1962, OMERS is one of Canada’s largest defined benefit pension plans. With employees in Toronto and other major cities across North America, the UK, Europe, Asia and Australia, OMERS invests and administers pensions for more than half a million active, deferred and retired municipal employees from communities across Ontario. OPE has been making private equity investments since 1987 on behalf of OMERS.
OPE’s core private equity approach is to acquire and actively manage interests in private companies through various phases of the investment lifecycle, including later stage buyout and earlier stage growth and venture investing. OPE aims to generate strong capital returns, while appropriately managing risk. OPE takes a thoughtful approach to capital deployment and invests in companies with solid business fundamentals, strong management teams, and opportunities to grow both organically and through acquisitions. OPE focuses primarily on four core verticals: Business Services, Healthcare, Industrials and Software & Technology. The companies OPE invests in are primarily headquartered in North America and Europe. In addition, the private equity asset class includes a comparatively small externally managed funds program to gain access to strategic geographies and sectors. The core OPE investment philosophy can be further described as follows:
Partner with incumbent management teams to grow businesses organically and by acquisition on a global basis;
Long-term and patient investor, focused on long-term value creation rather than near-term earnings; and
Permanent capital to invest behind organic and/or inorganic initiatives
OPE Europe, led by Senior Managing Director and Head of Europe, Jonathan Mussellwhite, has an experienced, growing and dedicated team of investment professionals with backgrounds in private equity, operations management, financial analysis and accounting, investment banking, consulting and law. Investment team biographies may be found here.
Conflicts of Interest
OMERS places significant importance on the prevention and management of conflicts of interest and has established internal procedures and controls to identify, prevent and manage conflicts of interest that may arise in the course of conducting its business.
OPE Europe portfolio companies
The OPE Europe portfolio companies subject to the Guidelines are:
Alexander Mann Solutions
Further details about these portfolio companies may be found on their respective websites.
OPE is a captive private equity firm. Key stakeholders are the employees and members of OMERS, on whose behalf OPE manages private equity assets.
Financial Conduct Authority
OPE’s investments in Europe are sourced and arranged by OPE Europe which is authorized and regulated by the Financial Conduct Authority (United Kingdom). Further details concerning OPE Europe 's authorization may be found on the Financial Conduct Authority’s website.
MIFIDPRU 8 Disclosure
OMERS Private Equity (Europe) Limited (the “Firm”) is classified under MIFIDPRU as a Small and Non-Interconnected firm (“SNI”) and this disclosure is made in accordance with the UK Financial Conduct Authority (“FCA”) Prudential sourcebook for MiFID Investment Firms (“MIFIDPRU”). Unless stated as otherwise, all figures contained in this disclosure are based on the firm’s audited annual reports for the year ending 31st December 2022.
The Firm is subject to the MIFIDPRU Remuneration Code (the “Remuneration Code”). In accordance with the Remuneration Code, the Firm has established a Remuneration Policy which is designed to ensure that the Firm’s remuneration practices:
are in line with the business strategy, and the sustained, long-term performance of the Firm;
neither encourage, nor reward risk taking outside the Firm Board’s appetite;
identifies and manages any conflicts of interest; and
promote sound and effective risk management.
Remuneration at the Firm is comprised of fixed and variable components:
Base salary: Fixed compensation based on market benchmarking and reviewed annually.
Benefits and Retirement Programs: Fixed compensation including vacation, life and disability insurance, health and dental benefits and retirement programs.
Short-Term Incentives: Variable (at-risk) compensation based on business and individual performance against pre-established objectives.
Long-Term Incentives: Variable (at-risk) compensation based on business and individual performance against pre-established objectives. Long-Term Incentive awards are deferred.
For the year ending 31st December 2022 relevant remuneration was as follows:
£3,580,105 fixed compensation and £20,064,375 variable compensation