DTZ, which in November 2014 was acquired by an investor group that included TPG Capital, PAG Asia Capital and Ontario Teachers’ Pension Plan, has closed its previously announced merger with Cassidy Turley. The financial terms of the deal were not disclosed. The Chicago-based DTZ, formerly a subsidiary of UGL Ltd, said its combination with Cassidy Turley creates a global top-three commercial real estate services company. The new entity represents US$2.9 billion in annual revenues and manages 3.3 billion square feet on behalf of institutional, government, corporate and private clients.
4 min read · 05 January 2015
U.S. private equity firm Wasserstein & Co has bought Paris Presents Inc from Mason Wells. The transaction's financial terms were not disclosed. Ontario Pension Board was among the co-investors in the deal, while BNP Paribas provided the financing. Based in Gurnee, Illinois, Paris Presents is a provider of branded cosmetic and bath accessories to mass merchants, drug stores, specialty beauty stores and online retailers. Update: U.S. private equity firm Mason Wells invested in the company in 2011.
3 min read · 05 January 2015
It is no secret that for the last several years, mid-market lending, once dominated by banks, is quickly becoming the province of “alternative lenders”—non-bank entities such as business development companies, credit opportunity funds and hedge funds.
3 min read · 05 January 2015
VSE Corporation, a Virginia-based technical services company, has acquired four business units from Newfoundland-based Killick Capital's Killick Aerospace group of companies for approximately $184 million, plus a potential $40 million premium pending certain milestones. The business units include Prime Turbines, CT Aerospace, Kansas Aviation and Air Parts & Supply. Killick Aerospace had previously received $160 million in a 2011 round of financing from Killick Capital, Roynat Capital and Alaris Royalty.
4 min read · 02 January 2015
6 min read · 02 January 2015
Onex has made an undisclosed investment in Advanced Integration Technology. Headquartered in Plano, Texas, AIT is a provider of automation and tooling, maintenance services and aircraft components for the aerospace sector.
2 min read · 02 January 2015
The Securities & Exchange Commission is poised to put the brakes on small business investing, hurting the very companies that are this country’s job engine.
3 min read · 31 December 2014
Download the latest “LP Commitments 2014” table from the Related Files tab below to see where the capital has been going so far this year.
1 min read · 31 December 2014
Canada's Ontario Teachers' Pension Plan said it had bought a 19.25 percent stake in Birmingham Airport from Australia's Victorian Funds Management Corporation, taking its investment in the British airport to 48.25 percent, Reuters reported.
2 min read · 29 December 2014
Tom Byrne is interim chairman of the New Jersey State Investment Council and founder of Byrne Asset Management.
4 min read · 29 December 2014
