Company Website:
http://www.harriswilliams.com
RICHMOND, Va. -- (Business Wire)
Harris
Williams & Co., a preeminent middle market investment bank
focused on the advisory needs of clients worldwide, announces the
pending sale of Logibec Inc. (Logibec), a portfolio company of OMERS
Private Equity, to GI Partners. Logibec is a leading Canadian healthcare
IT company. The pending transaction, which is subject to customary
closing conditions and is expected to close in the first quarter of
2015, is being led by Jeff
Bistrong, Sam
Hendler and Dan Linsalata of Harris Williams & Co.’s Technology,
Media & Telecom (TMT) Group and Bill
Kayser of the firm’s Healthcare
& Life Sciences (HCLS) Group.
“Logibec is poised to become the preeminent healthcare IT company across
all Canadian provinces as it continues to enhance Canada’s most robust
and comprehensive clinical and financial software solution,” said Jeff
Bistrong, a managing director in Harris Williams & Co.’s TMT Group.
“Canadian healthcare market dynamics require greater coordination
between providers and care settings than we currently see in the U.S.
market,” said Sam Hendler, a director in Harris Williams & Co.’s TMT
Group. “The development of Logibec’s solution suite provides some key
insights into how U.S. vendors should manage their product strategy for
the rapidly evolving accountable care market.”
Founded in 1982 and headquartered in Montreal, Quebec, Logibec provides
a comprehensive suite of subscription-based software solutions to manage
mission-critical administrative and clinical functions to hospitals and
social service organizations across Canada. With over 30 years of
dedication to the ever-evolving Canadian healthcare market and more than
300 professionals, the company is specialized in the development,
marketing, implementation and support of clinical and administrative
information systems. Logibec’s software and information systems meet the
current and future needs of the health and social services sector across
Canada.
OMERS Private Equity manages the private equity activities of OMERS, one
of Canada's largest pension funds, and today has over U.S. $6 billion of
investments under management. The group's investment strategy includes
the active ownership of businesses in North America and Europe. OMERS
Private Equity is headquartered in Toronto, Canada, with offices in New
York and London.
Established in 2001 and headquartered in San Francisco, GI Partners is a
leading private equity investment firm whose North American private
equity team focuses on control-oriented, deep value investments in
middle market businesses in North America. The team seeks to generate
attractive risk-adjusted returns by targeting investments in companies
that GI Partners believes provide significant downside protection as
well as the opportunity for significant value creation post-investment
through strategic and operational improvement.
Harris Williams & Co. (www.harriswilliams.com),
a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a
preeminent middle market investment bank focused on the advisory needs
of clients worldwide. The firm has deep industry knowledge, global
transaction expertise and an unwavering commitment to excellence. Harris
Williams & Co. provides sell-side and acquisition advisory,
restructuring advisory, board advisory, private placements and capital
markets advisory services.
Investment banking services are provided by Harris Williams LLC, a
registered broker-dealer and member of FINRA and SIPC, and Harris
Williams & Co. Ltd, which is authorized and regulated by the Financial
Conduct Authority. Harris Williams & Co. is a trade name under which
Harris Williams LLC and Harris Williams & Co. Ltd conduct business.
For media inquiries, please contact Katie Hurst, associate brand
manager, at +1 (804) 648-0072.
Contacts:
Harris Williams & Co.
Katie Hurst, associate brand manager
+1
804-648-0072
Source: Harris Williams & Co.
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