Canadian healthcare information technology company Logibec Group Inc, which was recently sold to U.S. private equity firm GI Partners, has appointed Patrick Hampson to its board of directors. Hampson, who is the founder and managing partner of U.S. private equity investment and advisory firm HM3 Partners, is also an investor in the business. The Montréal-based Logibec was previously a portfolio company of OMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System.
3 min read · 20 February 2015
The Fonds de solidarité FTQ has made a US$15 million investment in A J Walter Aviation Ltd, a division of the AJW Group, a global specialist in the supply, exchange, repair and lease of commercial aircraft parts. Funding proceeds will support the continued growth of A J Walter Aviation and provide benefits to the Montréal operations of its subsidiary, AJW Technique. The investment is the second made by Fonds de solidarité FTQ in the company. In April 2013, it also contributed to a $30 million deal focused on AJW Technique, which relaunched repair and maintenance facilities formerly associated with Aveos Fleet Performance Inc.
3 min read · 20 February 2015
Capital régional et coopératif Desjardins (CRCD), a retail fund managed by Canadian private equity firm Desjardins Capital de risque, has led an undisclosed investment in Congebec Logistic Inc, a provider of refrigerated services based in Québec City. The deal was also backed by Fondaction CSN and Investissement Québec and will support the transfer of management of Congebec Logistic from its founder, Laurier Pedneault, to his son, Nicholas-P Pedneault. As a result of the transaction, CRCD, an existing investor in the company, becomes the majority shareholder. Established in 1974, Congebec Logistic serves clients from 12 facilities located in five provinces.
4 min read · 20 February 2015
A trio of British private equity firms have set their sights on Canadian live performance company Cirque du Soleil, according to a report from a U.K. media outlet. BC Partners, CVC Capital Partners and Permira are among a number of investors that have recently tabled indicative offers for the Montréal-based company, the report said. The news follows reports in late 2014 that Cirque du Soleil had hired Goldman Sachs Group to help it find a strategic partner.
2 min read · 20 February 2015
The following bids, mergers, acquisitions and disposals were reported by Reuters as of 2115 GMT on Thursday, Feb. 19.
2 min read · 19 February 2015
Crown Paper Group Inc (CPG), a company established this year by U.S. private equity firm Lindsay Goldberg, has purchased Port Townsend Holdings Co for an undisclosed amount. The acquired assets in Canada include the Crown Packaging plant in Vancouver; the Boxmaster packaging plant in Vancouver; and distribution centres located in Kelowna, British Columbia and Calgary. CPG, which has its headquarters in Atlanta, Georgia, said that it was created to acquire and build value in businesses in paper and packaging industries.
2 min read · 19 February 2015
A subsidiary of Ontario Teachers' Pension Plan recently sold 4.9 million common shares of Canadian retailer Hudson's Bay Co (TSX: HBC). The secondary offering generated gross proceeds of about $115.6 million. Following the transaction, the selling shareholder held about 16.4 percent of the company's common shares and warrants to acquire common shares. In 2013, Ontario Teachers provided HBC with US$500 million of equity funding to support its acquisition of U.S.-based retailer Saks Inc. HBC has been backed by NRDC Equity Partners since 2008.
3 min read · 19 February 2015
The following bids, mergers, acquisitions and disposals were reported by Reuters as of 1400 GMT Wednesday, Feb. 18.
3 min read · 19 February 2015
Philippine conglomerate San Miguel Corp is evaluating an offer from Japan’s Mizuho Financial Group Inc to buy its majority stake in unlisted Bank of Commerce, a top San Miguel executive said on Wednesday, Reuters reported.
2 min read · 18 February 2015
AXA Real Estate said on Wednesday it had raised over 1.5 billion euros ($1.7 billion) for its latest European commercial real estate fund, as it seeks to build the biggest fund of its kind, Reuters reported.
1 min read · 18 February 2015
