June 18, 2015
Weil is advising OMERS Private Equity in its acquisition of The Kenan Advantage Group, Inc. (KAG), North America’s largest provider of liquid bulk transportation services to the fuels, chemicals, liquid foods and merchant gas markets, from Goldman Sachs Capital Partners and Centerbridge Partners. Financial terms of the transaction were not disclosed. The deal is subject to customary closing conditions and is expected to close in the third quarter of 2015.
The acquisition of KAG is the third transaction over the past year on which Weil advised OMERS. We also advised OMERS on its acquisition of Document Technologies Inc., the largest independent provider in the United States of litigation, discovery and managed support services for the legal and corporate markets, from Harvest Partners, and in the sale of certain balance sheet assets by Hayfin Capital Management LLP (a portfolio company of OMERS, TowerBrook Capital and Public Sector Pension Investment Board), a lender and secondary debt trader that targets non-investment-grade and unrated borrowers, to The Future Fund.