Cequence Energy Ltd (TSX: CQE) recently completed the disposition of its entire interest in non-operated assets located in Alberta's Ansell area. The assets, consisting of 8,800 net acres of land, 1,600 barrels of oil equivalent per day of current production, and a 49 percent working interest in the field infrastructure, brought the company $141 million. The proceeds will be used to accelerate growth at Cequence's Simonette property in the Deep Basin of Alberta. The Calgary-based company is a portfolio investment of Canadian private equity firms ARC Financial Corp, JOG Capital and KERN Partners.
9 min read · 14 July 2014
ACON Investments has hired Aron Schwartz as a managing partner in the firm’s Washington, D.C., office.
1 min read · 14 July 2014
The Riverside Company closed its latest micro-cap fund on $350 million, the firm announced on July 14.
2 min read · 14 July 2014
Latin American Minerals Inc (TSXV: LAT), a Toronto-based company focused on acquisition and development opportunities in the mining sectors of Central and South America, has closed $1 million in new financing. The funds came from an existing backer, Canadian investment and merchant banking firm Pinetree Capital, which now holds up to 23.27 percent of the company's common shares. The net proceeds from the transaction will be used at Latin American Minerals' Paso Yobai gold project in Paraguay and for general working capital purposes.
3 min read · 14 July 2014
ZM Capital, a private equity fund managed by ZelnickMedia LLC, and Canadian media entrepreneur Neil Court have made an equity investment in 9 Story Entertainment Inc. Financial details were not disclosed. Based in Toronto, 9 Story is a creator, producer and distributor of animated and live-action content. The company has more than 220 creative and production staff in its studio, and has produced more than 900 half hours of children's and family programming. Court, who has been named 9 Story's executive chairman, was a co-founder of Decode Entertainment Inc and is a former principal of DHX Media Ltd. The New York-based ZelnickMedia invests in media and communications sectors.
5 min read · 14 July 2014
Nordion Inc, a Canadian supplier of medical isotopes, said it had cleared a U.S. antitrust hurdle, paving the way for the company to be acquired by Sterigenics International, Reuters reported. The U.S. Federal Trade Commission terminated the waiting period for the acquisition. Last month, shareholders of Nordion voted to support a US$805 million takeover offer by Sterigenics. The deal is expected to close later this year.
1 min read · 14 July 2014
Dutch software company Exact Holding is in sale talks with a series of buyout shops, including Apax Partners and Kohlberg Kravis Roberts & Co, in a deal to take the company private that could be worth around one billion euros ($1.4 billion), sources said.
2 min read · 14 July 2014
Canadian private equity firm Onex Corp is in advanced discussions to buy insurance claims services provider York Risk Services Group Inc for more than US$1.3 billion, sources told Reuters. U.S. private equity firm ABRY Partners currently owns the Parsippany, New Jersey-based company, which provides third-party claims management for all lines of insurance including general liability and workers' compensation. A deal announcement could come as early as next week, sources said.
2 min read · 14 July 2014
1 min read · 14 July 2014
Readers of Buyouts are familiar with the JOBS Act, which, among other things, lifted the ban against general solicitation for certain exempt offerings and will, once the U.S. Securities and Exchange Commission approves regulations, permit non-accredited investors to make investments into exempt offerings through crowdfunding “portals.”
3 min read · 14 July 2014
