Chris Seasons has joined the investment team of Calgary-based energy private equity firm ARC Financial Corp. Seasons is a professional engineer with more than 30 years of experience in the upstream oil and gas industry. He also served as president of Devon Canada between 2004 and 2014. At ARC Financial, he will be a senior advisor, working on new deal origination and strategic and operational matters, and representing the firm on portfolio company boards of directors.
2 min read · 26 February 2015
The following bids, mergers, acquisitions and disposals were reported by Reuters as of 2100 GMT on Thursday, Feb. 26.
4 min read · 26 February 2015
Grupo BTG Pactual SA's private equity unit and its partners plan to buy the shares they do not already own of Brazilian commercial real estate company BR Properties SA, offering minority shareholders a 17 percent premium for their shares, Reuters reported. An investment vehicle controlled by BTG Pactual Participations Ltd and partners that include Brookfield Asset Management Inc plans to carry out the transaction.
1 min read · 26 February 2015
Brookfield Asset Management has agreed to support the sale and investment process of Armtec Infrastructure Inc, a manufacturer of infrastructure products and engineered construction solutions based in Guelph, Ontario. Under the deal's terms, a credit facility with Brookfield will be extended and a new facility of up to $30 million will be committed. A Brookfield affiliate will also provide Armtec with up to $150 million of bonding on a cost to complete basis. Brookfield also agreed to buy all of Armtec's assets in exchange for debt owing in the event the company is not sold or recapitalized. In 2011, Brookfield committed a $125 million senior secured loan to Armtec.
9 min read · 26 February 2015
The following bids, mergers, acquisitions and disposals were reported by Reuters as of 2100 GMT on Wednesday, Feb. 25.
5 min read · 25 February 2015
The Caisse de dépôt et placement du Québec saw net assets total $225.9 billion in 2014, increasing by $74.2 billion over four years. The Caisse also reported a 12 percent year-over-year return in 2014, with all major asset classes contributing to overall performance. Less-liquid portfolio assets generated 12.7 percent over four years, outperforming other portfolios. The Caisse also said it gained "superior performance" from a long-term re-weighting of its private equity portfolio from external funds to direct investments. Over four years, private equity showed a 13 percent return, and in 2014 showed a 12.1 percent return. This performance exceeds the long-term target return, the Caisse said.
7 min read · 25 February 2015
Private equity funds are sitting on record levels of cash. And yet delegates at an industry conference in Berlin are feeling the pressure to generate adequate returns and offer value for money to investors, Reuters reports.
3 min read · 25 February 2015
Providence Equity Partners LLC, owner of the parent of the grueling yet popular Ironman Triathlon race, is exploring options for the company including a potential sale or initial public offering, people familiar with the matter told Reuters.
2 min read · 25 February 2015
The following bids, mergers, acquisitions and disposals were reported by Reuters as of 2100 GMT on Tuesday, Feb. 24.
3 min read · 24 February 2015
TPG Capital LP, the U.S. private equity firm that fired its spokesman for allegedly leaking confidential documents to the media, has hired crisis PR expert Adam Mendelsohn as its next communications chief, two people familiar with the matter told Reuters on Tuesday.
1 min read · 24 February 2015
