Brad Meikle

Private equity firms

?Portfolio companies

Service providers

Promotions

CD&R-backed Terminix buys Québec pest manager Groupe Cameron

Terminix, an affiliate of U.S.-based ServiceMaster Global Holdings Inc (NYSE: SERV), has acquired substantially all of the assets of Groupe Cameron, a pest management company with headquarters in Sherbooke, Québec. The financial terms of the deal were not published. Terminix's acquisition of Groupe Cameron is its third in Canada since August 2013. At that time, the company bought Toronto's Magical Pest Control, while last September it acquired Vancouver's Care Pest & Wildlife Control. The Memphis, Tennessee-based ServiceMaster has been a portfolio company of U.S. private equity firm Clayton Dubilier & Rice since 2008.

Harvard picks Blyth to helm endowment

Harvard University has named an insider, Stephen Blyth, to run its $36.4 billion endowment, the world’s largest.

Tightened U.S. tax rules could impact Tim Hortons buyout: report

The planned $12.6 billion merger of Tim Hortons Inc with Burger King Worldwide Inc will be tested by forthcoming changes to U.S. Treasury tax rules, reports Fitch Ratings Inc. The New York-based rating agency said new rules are intended to reduce the attractiveness of tax inversion strategies that encourage U.S. companies to relocate their headquarters abroad. Fitch noted that the structure of the Tim Hortons-Burger King deal, which is being led by private equity firm 3G Capital, might help avoid challenges. The two companies issued a statement saying the merger will go ahead regardless, because it has "always been driven by long-term growth and not by tax benefits."

Seven Generations Energy files IPO prospectus

Seven Generations Energy Ltd has filed a preliminary prospectus with most Canadian securities commissions in connection with an initial public offering of its common shares. The company's IPO, which was discussed by peHUB Canada in July, is reported to target as much as $1 billion. According to SEDAR, the IPO will include a secondary offering for two of Seven Generations' private equity investors: ARC Financial Corp and KERN Partners. The company is also backed by Canada Pension Plan Investment Board (CPPIB), Natural Gas Partners and ZBI Ventures. Founded in May 2008, the Calgary-based Seven Generations is a tight gas developer with a single asset, the Kakwa River Project in Alberta.

HCA must face class action over 2011 IPO

HCA Holdings Inc, one of the largest U.S. hospital chains, must face a shareholder class-action lawsuit accusing it of concealing revenue declines and its routine performance of unnecessary cardiac procedures prior to its $4.35 billion initial public offering in March 2011.

Veresen to acquire half stake in Ruby pipeline for $1.43 billion: Reuters

Veresen Inc, a Calgary-based pipeline company developing the Jordan Cove liquefied natural gas facility in Oregon, has agreed to acquire Global Infrastructure Partners' half interest in the Ruby pipeline system for US$1.43 billion, Reuters reported. Upon completion of the transaction, Veresen will become Kinder Morgan Inc's equal partner in the pipeline.