InstarAGF Asset Management announced today that Stream Asset Financial LP has achieved its final close at $210 million. The fund will focus on midstream oil & gas infrastructure and already has invested approximately $115 million. Launched this year, InstarAGF is led by Gregory Smith, chairman of Canada’s Venture Capital and Private Equity Association.
3 min read · 03 September 2014
FanDuel, a startup that runs real-money fantasy sports leagues, announced that it has raised $70 million in a funding round led by Shamrock Capital that also includes private equity firm Kohlberg Kravis Roberts & Co and NBC Sports.
2 min read · 03 September 2014
North Castle Partners has sold International Fitness to TriWest Capital. No financial terms were disclosed. PwC Corporate Finance was financial advisor to North Castle Partners on the transaction. International Fitness operates fitness clubs in Alberta, Canada.
3 min read · 03 September 2014
Software maker Compuware Corp, under pressure from investors for more than a year over its poor performance, agreed to be taken private by investment firm Thoma Bravo LLC in a deal valued at about $2.5 billion.
2 min read · 03 September 2014
Royal Adhesives & Sealants, a portfolio company of Arsenal Capital Partners, has acquired "substantially all" of Chemque's assets. No financial terms were disclosed. Based in Toronto, Chemque is a provider of polyurethane foams and adhesives for the telecom, flooring and construction sectors.
3 min read · 02 September 2014
It wasn’t a great year to try to raise a fund. But 2009 was a heck of year to start investing one.
5 min read · 02 September 2014
Pinetree Capital has made a continued investment in Manitex Capital, of which it now owns a 17 percent interest. Montreal-based Manitex specializes in acquiring interests in emerging companies, including those supplying materials and finished products to the pharmaceutical industry.
2 min read · 02 September 2014
Key Safety Systems has announced recently that Hong Kong-based FountainVest Partners and the CPPIB have become new investors in the company, joining prior private equity investor Crestview Partners.
3 min read · 02 September 2014
Light Tower Rentals, which is backed by Clairvest, has closed a recap with new investors that include StepStone and Constitution Capital Partners. This follows a $330 million U.S. bond offering. As part of the transaction, LTR shareholders sold 44.2 percent of their equity for $100 million. Clairvest collected $49.9 million and will continue to own a 29.2 percent stake in LTR. Based in Odessa, Texas, LTR is a provider of oil rig equipment.
2 min read · 02 September 2014
The Carlyle Group LP has agreed to pay $115 million to settle a lawsuit accusing it of conspiring with other buyout firms not to outbid each other on some takeovers that occurred prior to the financial crisis, according ot a person familiar with the matter.
2 min read · 01 September 2014
