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OMERS bolsters Asia-Pacific portfolio
Canadian pension fund OMERS has acquired an independent telecommunications tower developer, in a move to bolster its growing portfolio of assets across the Asia-Pacific region.
Lauren Croft
Firm: Corrs Chambers Westgarth (OMERS Infrastructure Management)
Value: Undisclosed
Area: Merger and acquisition
Key players: Corrs advised OMERS on all aspects of the acquisition, led by partners James North, James Morley and Robert Clarke, supported by partners Paul Burns, Jodi Gray, Michael Leong, Rhys Lloyd-Morgan, Simon Reid and other experts from across the corporate, financial sponsors, employment, technology, media, and telecommunications, property, environment, banking and finance, and competition teams.
Deal significance: OMERS is one of Canada’s largest defined benefit pension funds for municipal employees in the Province of Ontario, Canada, with net assets of C$109 billion. Once closed, the transaction will add to OMERS’ growing portfolio of assets across the Asia-Pacific region and bolster OMERS’ position as Australia’s third-largest telecommunication tower owner.
Commenting on the matter, Corrs’ lead partner Mr North said: “We are pleased to advise OMERS on this significant transaction as they continue to grow their portfolio through acquisition.
“This builds on our track record of advising on the most strategically important transactions in the telecommunications industry.”
Christopher Curtain, senior managing director, Asia-Pacific region, for OMERS Infrastructure, added: “Stilmark is an excellent fit for our new Australian digital infrastructure portfolio, as it complements our recent investment in TPG’s mobile tower and rooftop portfolio.
“OMERS Infrastructure is an active asset manager, seeking to grow OMERS investments across Asia-Pacific organically and through accretive acquisitions. We are proud of our activity across Asia-Pacific to support and grow our portfolio in key sectors including digital infrastructure, mobility and the energy transition.”
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
