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February 2018

Penfund Announces C$55 million Investment in CBI Health Group

TORONTO, Ontario (February 21, 2018) – Penfund, an independent provider of junior capital to middle market companies in the United States and Canada, announced today the completion of an investment in CBI Health Group (“CBI”), a portfolio company of OMERS Private Equity (“OPE”).

Penfund Capital Fund V (the “Fund”) provided a C$55.0 million lead order for a new C$70.0 million subordinated credit facility to support a dividend recapitalization of CBI. Penfund also acted as sole underwriter and agent of the subordinated credit facility. Jeremy Thompson, a partner at Penfund, stated “We are delighted to be able to support OMERS again and are excited to partner with CBI as they continue to execute their growth strategy.”

About CBI Health Group

Headquartered in Toronto, Ontario, CBI is a leading national provider of home health and outpatient rehab services in Canada. From over 250 facilities, CBI provides services from a dedicated team of more than 12,000 that includes physiotherapists, occupational therapists, registered massage therapists, kinesiologists, chiropractors, speech-language pathologists, psychologists, physicians, nurses, caregivers, dieticians and behaviour therapists. CBI’s expanding transitional and residential community care network now numbers more than 100 homes nationwide.

Website: www.cbi.ca

About OMERS Private Equity

OMERS Private Equity invests globally in private equity assets on behalf of the OMERS pension plan. Investments are aimed at generating strong returns to help deliver secure and sustainable pensions to OMERS members. OMERS Private Equity has offices in Toronto, New York, and London. OMERS is one of Canada’s largest pension funds with net assets of C$85 billion.

Website: www.omersprivatemarkets.com

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About Penfund

Penfund is a leading provider of capital to middle market companies throughout North America. The firm is actively investing both senior and junior capital through Penfund Prime and Penfund Capital Fund VII. Penfund manages funds sourced from pension funds, insurance companies, banks, family offices and high-net-worth individuals located in Canada, the United States, the Middle East, and Europe. Penfund has invested more than C$3.0 billion in over 225 companies since its establishment. Assets under management are approximately C$3.0 billion.

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