CCNMatthews bought out

OMERS Capital, a division of the Ontario Municipal Employees Retirement System, and Manulife Capital, the private equity division of insurance company Manulife, have teamed up to acquire CCNMatthews, a distributor of news releases in Canada and the United States, according to The Toronto Star. Financial terms of the all-cash deal were not disclosed. OMERS Capital is taking a control-position in the company, while Manulife Capital is taking a minority position. With offices in Vancouver, Calgary, Toronto, Ottawa and Montreal, CCNMatthews employs about 100 people.