Bugatti-Sedona Inc, a designer, importer and distributor of business accessories, has bought Bond Street Ltd, a New York-based provider of travel wallets, briefcases, writing cases and related merchandise under the Bond Street and Stebco brands. The financial terms of the transaction were not released. Based in Montréal, Bugatti-Sedona was established in June 2013, following the acquisition of Guarantee Handbags Co Ltd. Partnering in that deal was Capital régional et coopératif Desjardins, a retail fund managed by Canadian private equity firm Desjardins Capital de risque, and Investissement Québec. Bugatti-Sedona's purchase of Bond Street is the first in an expected series of add-on acquisitions.
3 min read · 23 September 2014
Volaris Group, a subsidiary of Constellation Software Inc (TSX: CSU), has bought Incognito Software Inc, a provider of communications operations support systems solutions based in Vancouver. The acquisition, the financial terms of which were not published, included Incognito's operations in Ireland. Constellation said the deal represents Volaris' first acquisition in the communications vertical market. With headquarters in Toronto, Constellation is an acquirer, manager and builder of vertical market software businesses. It is a portfolio company of OMERS Private Equity, an investment arm of the Ontario Municipal Employees Retirement System (OMERS).
2 min read · 23 September 2014
Cassidy Turley, a U.S.-based commercial real estate services provider, has agreed to merge with DTZ Group. The transaction, the value of which was not disclosed, is being backed by an investor group made up of Ontario Teachers’ Pension Plan, PAG Asia Capital and TPG Capital. Cassidy Turley said the combination will create a global, full-service commercial real estate services company under the DTZ brand with revenue of more than US$2.9 billion. Ontario Teachers, PAG and TPG are in the process of closing their US$1.1 billion acquisition of Chicago's DTZ by Oct. 31. The merger is expected to be completed by the end of December.
5 min read · 23 September 2014
It is no longer the golden age for deal and monitoring fees.
2 min read · 23 September 2014
FMSA Holdings Inc, owned by private equity firm American Securities LLC, said it expected its initial public offering to be priced at $21-$24 per share, raising up to $1.07 billion.
1 min read · 23 September 2014
Two widely followed big investors are saying that bonds are at worrisome levels, sounding the alarm about a potential bubble.
2 min read · 23 September 2014
UBM Plc, a British communications and events company, confirmed that it was in talks to acquire Advanstar, a private equity-backed trade show organizer in the United States.
1 min read · 22 September 2014
The California State Teachers’ Retirement System pension fund plans to nearly triple its investments in clean energy and technology to $3.7 billion over the next five years in a push toward low-carbon investments, the fund said.
1 min read · 22 September 2014
Bioriginal Food & Science Corp, a supplier of plant and marine specialty oils and fatty acids to food and nutraceutical industries, was recently bought by Omega Protein Corp (NYSE: OME). The purchase price was approximately US$70.5 million, plus $0.7 million for estimated working capital adjustments. Based in Saskatoon, Saskatchewan, Bioriginal was a portfolio company of Canadian private equity firm Westbridge Capital. Westbridge partnered in Bioriginal's management buyout in April 2013. With headquarters in Houston, Texas, Omega is a nutritional product company.
5 min read · 22 September 2014
Lincolnshire Management, a New York-based buyout firm, will pay $2.3 million to settle civil charges that it breached its fiduciary duty to two funds by improperly allocating certain expenses in their company portfolios, U.S. regulators said.
2 min read · 22 September 2014
