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OMERS Private Equity exits Cari-All to Germany’s Wanzl

18 Jan 2012

Canada’s OMERS Private Equity, and a consortium equity group, including the Caisse de depot et placement du Quebec, have sold Cari-All Group to German cart manufacturer Wanzl Metallwarenfabrik.

Founded in 1969, Cari-All is a manufacturer and distributor of shopping carts, shelving and backroom equipment to retailers across North America.

OMERS acquired Cari-All in 2005. In the first quarter of 2011, the cmpany acquired Tote Cart, further expanding its customer base.

Jim Orlando, managing director at OMERS Private Equity, said, “Cari-All has been an excellent investment and we are pleased to have completed the sale of Cari-All to Wanzl. We believe Wanzl will be a good partner to lead Cari-All’s business and employees moving forward.”

Alain Michel, chairman of Cari-All, added “Pierre Arsenault and his management team have done an exceptional job navigating through a difficult retail environment in North America over the past several years, and the Company has emerged from the recession in a much stronger position.”

OMERS Private Equity manages the private equity activities of Canadian pension fund OMERS and has over $5.5bn of investments under management. The group’s investment strategy includes the active ownership of businesses in North America and Europe. OMERS is one of Canada’s largest pension funds with over $53bn in net assets.

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