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    Home»Deals»Canadian investors sell majority stake in Britain’s ERM to KKR
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    Canadian investors sell majority stake in Britain’s ERM to KKR

    May 17, 20211 Min Read
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    Henry Kravis, CEO of Kohlberg Kravis Roberts and Co, jspaeks at a media briefing in Hong Kong, on Monday, September 16, 2013. Photographer: Jessica Hromas/ Bloomberg
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    OMERS Private Equity and the Alberta Investment Management Corporation (AIMCo) have sold a controlling stake in consultancy Environmental Resources Management (ERM) to private equity firm KKR, the Canadian funds said on Monday.

    The 60% stake sale gives ERM an enterprise value of $2.85 billion, a source familiar with the matter said.

    UK-headquartered ERM operates in 40 countries and has more than 5,500 staff, advising clients on sustainability challenges and commercial opportunities. OMERS had a little over 40% of the business while AIMCo had slightly under 20%, with ERM management holding the balance, the source added.

    Read more/Source: Reuters

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