Avison Young has secured an undisclosed second growth investment from Tricor Pacific Capital. In October 2011, Tricor invested $40 million in Avison Young. Headquartered in Toronto, Avison Young is a commercial real estate services firm.
3 min read · 05 September 2014
Summit Materials has acquired Mainland Sand and Gravel, a provider of construction aggregates to Vancouver and the lower mainland region of British Columbia. No financial terms were disclosed. Summit Materials was founded in 2009 by CEO Tom Hill and investors including Blackstone Capital Partners and Silverhawk Capital Partners.
3 min read · 05 September 2014
A report released last month by the U.S. Securities and Exchange Commission provides statistics that size up the U.S. buyout industry, including that 7,004 buyout funds regulated by the agency have just under $1.9 trillion in assets under management. The agency defines AUM to include both the fair value of a private fund’s assets along with the value of uncalled commitments.
2 min read · 04 September 2014
North Castle Partners announced this week that it has sold International Fitness Holdings to TriWest Capital for an undisclosed sum. North Castle had been an investor in International Fitness since 2007, alongside York Street Mezzanine Partners. International Fitness, based in Calgary, is known for its World Health Club and Spa Lady brands.
3 min read · 04 September 2014
Clairvest Group announced this week that it has completed its sale of KUBRA, a Toronto-based customer communication management company, to Hearst Corp, a New York-based media group. Clairvest first invested in KUBRA in 2006, realizing a return of 13.5x its investment, while KUBRA announced Hearst had acquired an 80 percent share of the company. Financial terms were not disclosed.
3 min read · 04 September 2014
Investment activity in Canada’s buyout and related private equity market grew sharply in the second quarter of 2014 in terms of both deal values and volumes, according to data released today by Canada’s Venture Capital and Private Equity Association. Disclosed dollars invested in transactions (announced and completed) totaled $5.3 billion in this period, which well surpasses the less than $1 billion that was reported at the same time in 2013. Control-stake acquisitions, minority investments and other PE deals done (announced and completed), totaling 103 between April and June, also increased 29 percent from the number reported the year before.
4 min read · 03 September 2014
Royal Adhesives & Sealants, an Indiana-based portfolio company of Arsenal Capital Partners, announced that it has acquired substantially all of the assets of Chemque, a Toronto-based adhesives and sealants manufacturer, in an acquisition for expansion, Royal's seventh since 2010. Financial terms were not disclosed.
3 min read · 03 September 2014
Tricor Pacific Capital announced this week that it has acquired Edmonton-based Tiger Calcium, a provider of calcium chloride products for dust control, road stabilization, de-icing, oilfield drilling fluids and water suppression purposes. Financial terms were not disclosed.
1 min read · 03 September 2014
Canadian pension fund PSP Investment and France's Arcus Infrastructure Partners are nearing a deal to buy the French operations of broadcasting masts group TDF in a deal worth around 3.55 billion euros ($4.7 billion), sources told Reuters.
2 min read · 03 September 2014
Complete Innovations announced this week that it has received an investment from Chicago-based Madison Dearborn Partners, providing liquidity to Boston-based Symmetric Capital, which first invested in Complete Innovations in 2009. The amount of Madison Dearborn's investment was not disclosed. With its Fleet Complete platform, Markham, Ontario-based Complete Innovations offers tracking of clients' vehicle fleets, mobile workers and valuable assets.
3 min read · 03 September 2014
