Investment Management Corporation of Ontario (IMCO)

Investment Management Corporation of Ontario in its co-majority share acquisition with EagleTree Capital, in Corsair from Francisco Partners valued at US$525 million

Client

Investment Management Corporation of Ontario (IMCO)

Value

US$525 million

Service

Mergers and Acquisitions

Date Closed

August 2017

Lead Office

Toronto


On August 28, 2017, Investment Management Corporation of Ontario (IMCO) (on behalf of its client, Ontario Pension Board), Honeywell pension and EagleTree Capital completed a definitive agreement in partnership with current management to acquire a majority stake in Corsair from Francisco Partners and several minority shareholders valued at US$525 million.

Investment Management Corporation of Ontario is an independent investment management firm designed to serve public-sector clients in Ontario. With approximately $60 billion in assets under management, IMCO is headquartered in Toronto.

EagleTree Capital, formerly Wasserstein Partners, is a leading independent private equity and investment firm, focused primarily on leveraged buyout investments and related investment activities. EagleTree Capital is located in New York.

Francisco Partners is a leading global private equity firm, which specializes in investments in technology businesses. Francisco Partners is located in San Francisco.

Corsair Components, Inc. is an American computer peripherals and hardware company headquartered in Fremont, California.

Osler, Hoskin & Harcourt LLP represented IMCO with a team led by John Groenewegen (Corporate) and Jack Silverson (Tax) that included Paul Litner, Douglas Rienzo (Pensions and Benefits), Jennifer Lee and David Davachi (Tax).


Team
John Groenewegen - Private Equity Lawyer
Key Contact

John Groenewegen

Partner, Corporate

Jack Silverson

Jack Silverson

Partner, Taxation

Paul  Litner - Pensions & Benefits Lawyer in Toronto

Paul Litner

Partner, Pensions & Benefits

Douglas  Rienzo

Douglas Rienzo

Partner, Pensions & Benefits

Jennifer Lee

Jennifer Lee

Partner, Taxation

David Davachi

David Davachi

Partner, Taxation