Grenville Strategic Royalty Corp has provided $500,000 in funding to Sécurité Above Inc, adding to an investment made earlier this year. In total, Grenville, a Canadian royalty financing firm, has committed $3 million to Sécurité Above, a provider of managed security solutions based in Montréal. The latest deal is intended to support the company's expansion opportunities. In February, Sécurité Above announced its acquisition of Seccuris Inc, a Winnipeg-based information assurance integrator platform.
7 min read · 03 March 2015
The Waddington Group, a private equity-owned manufacturer of plastic plates, cups and cutlery, is exploring a sale that could value the company at around $1.5 billion, including debt, people familiar with the matter told Reuters.
1 min read · 03 March 2015
BluEarth Renewables Inc, a renewable power producer focused on wind, water and solar projects, has acquired Tyson Creek Hydro Facility. The financial terms of the transaction were not released. Tyson Creek is a 9.3 megawatt facility located north of Sechelt, British Columbia. The facility was developed by Renewable Power Corp. Based in Calgary, BluEarth is a portfolio company of Canadian private equity firm ARC Financial Corp and Teachers’ Private Capital, an investment arm of Ontario Teachers' Pension Plan. Last year, ARC and Teachers invested an additional $81 million in the business.
1 min read · 03 March 2015
Canadian entrepreneur and venture capitalist Roger Hardy said he is looking to take an online shoe retailing company public this year to tap investor appetite for e-commerce businesses. Hardy told Reuters that he expects the company, which will be called Shoes.com Technologies Ltd, to record net revenue US$250 million in 2015. Last year, Hardy Capital Partners bought Vancouver's ShoeMe.ca and merged it with U.S. acquisitions.
2 min read · 03 March 2015
Warburg Pincus and Hellman & Friedman remain among the most high-profile firms to resist providing investors with a priority return before taking carried interest. Limited partners are not well-served by priority returns, the two firms can argue, but can they hold out much longer?
3 min read · 03 March 2015
Philips’ sale of the majority of its lighting components business is nearing an end as buyout groups are lining up final bids, three sources said on Monday.
1 min read · 03 March 2015
The proposed sale of German fashion group Bogner has attracted interest from several private equity groups, but at a lower valuation than that initially sought by the owner of the winter clothing specialist, three sources familiar with the deal said.
1 min read · 03 March 2015
Blackstone Group LP Chief Executive Stephen Schwarzman took home $690 million in 2014, more than any other private equity executive, as his firm and the wider industry benefited from the favorable conditions for cashing out on investments.
2 min read · 03 March 2015
The following bids, mergers, acquisitions and disposals were reported by Reuters as of 2100 GMT on Monday, March 2, 2015
5 min read · 03 March 2015
Chipmaker NXP Semiconductors NV has agreed to buy Pep-backed Freescale Semiconductor Ltd and merge operations in a deal valuing the combined company at over $40 billion, Reuters reported.
1 min read · 02 March 2015
