Alere Inc is in talks to sell its health management business as the healthcare diagnostics and services company seeks to streamline operations after years of unprofitable acquisitions, people familiar with the matter told Reuters news service.
2 min read · 06 October 2014
Capstone Infrastructure Corp has completed new project-level financing totaling $76 million for the 25-megawatt Goulais Wind Farm north of Sault Ste. Marie, Ontario. The financing was arranged through a credit facility by Stonebridge Financial Corp. Capstone is developing the site in partnership with the Batchewana First Nation of Ojibways. The partnership has contributed $23.5 million in equity to the project, which brings the total investment to around $100 million. Based in Toronto, Capstone invests in core infrastructure in Canada and around the world.
2 min read · 06 October 2014
U.S. hedge fund Orange Capital has acquired additional shares in Bellatrix Exploration Ltd (TSX, NYSE MKT: BXE), a Calgary-based oil and gas company. Upon completion of the transaction, Orange Capital will hold around 10.21 percent of the company's outstanding shares. Orange Capital said it intends to engage Bellatrix's management and board of directors in discussions regarding opportunities to maximize shareholder value. The deal follows a $250 million commitment to Bellatrix by Canadian Non-Operated Resources Corp, which is backed by U.S. private equity firm Riverstone Holdings and other investors.
3 min read · 06 October 2014
Investel Capital Corp has completed its previously announced purchase of a minority interest in Coastline Broadcasting Ltd, a cable television operator and Internet service provider based in Courtenay, British Columbia. The financial terms of the deal were not disclosed. Investel said its subsidiary, Teliphone Navigata-Westel Communication Inc, will now become directly involved in the business development of Coastline. With offices in Vancouver and Toronto, Investel specializes in the acquisition of distressed and underachieving telecom companies.
3 min read · 06 October 2014
Sarona Asset Management has appointed Menno Derks as the firm's fourth partner. Derks, who was a founding member of the in-house private equity group of Dutch pension fund PGGM, will continue to be Sarona's managing director responsible for fund investments. Based in Kitchener, Ontario, and Amsterdam, the Netherlands, the firm is focused on making returns-generating investments in small and mid-market companies and private equity funds in frontier and emerging markets.
2 min read · 06 October 2014
Victor Ojeda has been named president of Steelhead LNG Corp, a liquefied natural gas (LNG) project development company based in Vancouver. Ojeda was previously a managing director of LNG Canada. As reported in July by peHUB Canada, Steelhead LNG, which is led by CEO Nigel Kuzemko, received an undisclosed investment from Canadian energy-focused private equity firm KERN Partners earlier this year. The company aims to build a $30 billion terminal to ship up to 30 million tonnes of LNG per year to customer markets in Asia.
3 min read · 06 October 2014
Sand Oak Capital LLC has become an affiliate of consulting and merchant banking firm Carl Marks & Co. It plans to invest money supplied in part by that firm to acquire and invest in small industrial, manufacturing and distribution companies in upstate New York and elsewhere across the Northeastern United States.
3 min read · 06 October 2014
Shares of Yodlee Inc, which is backed by private equity firm Warburg Pincus, rose about 45 percent in their debut, valuing the provider of software to financial companies at nearly $500 million, according to sister news service Reuters.
1 min read · 04 October 2014
No. 2 U.S. yarn-maker, backed by American Securities, names new chief in management reshuffle Frontier Spinning Mills Holding Corp, the second-largest U.S. yarn producer, has named a new chief executive officer, the company said on Friday, in a management reshuffle ten months after a private equity firm bought a majority stake, according to sister news service Reuters.
2 min read · 04 October 2014
Littlejohn & Co is running two separate auctions to sell SunSource Holdings Inc and Henniges Automotive Holdings Inc, whose collective value exceeds $1.2 billion including debt, people familiar with the matter told sister news service Reuters.
1 min read · 04 October 2014
