The private equity arm of one of Canada's largest pension funds has agreed to purchase press-release distributor CCNMatthews, joining a growing number of private equity firms circling media ventures.

OMERS Capital Partners, the private equity division of the $41bn (€31.2bn) Canadian pension fund OMERS, has agreed to purchase CCNMatthews in an all cash deal. Full financial details have not been disclosed.

Lisa Haines

United Business Media

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OMERS joins race for media acquisitions

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