Bionic is a technology-enabled platform that provides essential services to small and medium-sized enterprises (SMEs) in the UK. Founded in 2007, the company offers a comprehensive range of solutions, including energy, insurance, connectivity, telecoms, and commercial finance services, all tailored to meet the unique needs of SME business owners.Bionic generates revenue by leveraging its tech-enabled platform and team of experts to match SME business owners with the right energy, insurance, connectivity, and finance solutions from a curated selection of providers and products. The company's end-to-end service includes comparison, switch management, customer service, and renewals, helping SMEs save time and money while accessing essential business services.In July 2023, OMERS Private Equity, the private equity arm of the Ontario Municipal Employees Retirement System (OMERS), announced the acquisition of a majority stake in Bionic from ECI Partners and the company's founders. The transaction valued Bionic at an undisclosed amount, with the management team led by CEO Paul Galligan, as well as ECI Partners and the founders, reinvesting alongside OMERS Private Equity.Under OMERS Private Equity's ownership, Bionic aims to accelerate its organic growth in the UK and expand its reach internationally. The partnership with OMERS Private Equity provides Bionic with the resources, expertise, and financial backing to drive strategic expansion through mergers and acquisitions, further broadening its portfolio of services and enhancing its customer service standards.Bionic's success is underpinned by its ability to continually evolve its offerings, leveraging smart technology and a customer-centric approach to meet the changing needs of SMEs. With a strong track record of acting as a strategic partner to entrepreneurs in the UK's SME sector, Bionic is well-positioned to capitalize on the growing demand for comprehensive, tech-enabled business services.As part of the broader OMERS Private Equity portfolio, which includes companies like AMS, Trescal, International Schools Partnership, and Network Plus, Bionic will benefit from OMERS' evergreen capital and experience in supporting high-growth, acquisition-driven businesses across various sectors.