OMERS to invest US$400 Million for an indirect 5% stake in Maple Leaf Sports & Entertainment (MLSE)
TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- OMERS, one of Canada’s largest defined benefit pension plans, is acquiring a 5% indirect stake in Maple Leaf Sports & Entertainment (“MLSE”) for US$400 million (~C$546.8 million) through a 20% direct stake in Kilmer Sports Inc. (“KSI”), owned by MLSE Chair Larry Tanenbaum.
- TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- OMERS, one of Canada’s largest defined benefit pension plans, is acquiring a 5% indirect stake in Maple Leaf Sports & Entertainment (“MLSE”) for US$400 million (~C$546.8 million) through a 20% direct stake in Kilmer Sports Inc. (“KSI”), owned by MLSE Chair Larry Tanenbaum.
- “Now with this investment by OMERS, I’m thrilled to be sharing this public trust with over 600,000 hard-working Ontarians.
- In 1998, Tanenbaum was instrumental in the formation of MLSE, the pre-eminent leader in delivering top quality sports and entertainment experiences.
- OMERS will be a financial investor and will not participate in operational decisions of MLSE or any of its teams.