Scrutiny by U.S. regulators is reshaping the leveraged loan market as bankers complain that the Office of the Comptroller of the Currency enforces leveraged lending guidance more stringently than the Federal Reserve.
4 min read · 02 July 2014
U.S. private equity firm H.I.G. Capital has agreed to buy Cascades Fine Papers Group from Canadian packing and tissue products manufacturer Cascades Inc. While H.I.G. did not disclose the deal's value, Cascade has reported it as $39.5 million. The acquired division will be rebranded as Rolland Enterprises Inc, the former name of the business prior to joining Cascades. Based in Saint-Jérôme, Quebec, Rolland is a provider of specialty fine papers using recycled fibers for customers in commercial, B2B, government and education markets. Update: Its facilities include the Rolland paper mill and converting centre in Saint-Jérôme, as well as the deinking facility in Breakeyville, Quebec.
3 min read · 02 July 2014
The Tennessee Consolidated Retirement System has picked two senior portfolio managers for its private equity program, Chief Investment Officer Michael Brakebill told Buyouts.
2 min read · 01 July 2014
Buyout firm Berkshire Partners LLC is in advanced talks to acquire Portillo’s Restaurant Group, the largest privately owned restaurant chain in the U.S. Midwest, for close to $1 billion, according to people familiar with the matter.
2 min read · 01 July 2014
Gardner Denver has agreed to pay $29 million to its former shareholders to settle allegations the industrial pumps producer was undervalued in its $3.7 billion sale last year to buyout firm Kohlberg Kravis Roberts & Co, according to court documents.
1 min read · 01 July 2014
Investor support for large acquisitions and a desire to trump rivals in consolidating markets have led chief executives to strike big transactions so far in 2014, raising year-to-date global deal volumes to their highest level in seven years.
6 min read · 01 July 2014
A former chief executive of CalPERS, the largest U.S. public pension fund, plans to plead guilty in a federal conspiracy case, according to his lawyer.
2 min read · 01 July 2014
1 min read · 30 June 2014
CarProof, a portfolio company of U.S. private equity firm Hellman & Friedman, has bought vehicle valuation guide Canadian Red Book Ltd, according to a report by Canadian Auto World. The value of the acquisition was not disclosed. Founded in 2000, the London, Ontario-based CarProof is a supplier of comprehensive used vehicle history reports. Last August, the company sold a minority stake to Hellman & Friedman for an undisclosed sum.
2 min read · 30 June 2014
Safway Services Canada ULC has acquired Nel-Tekk Industrial Specialties Inc, a Sarnia, Ontario-based provider of insulation, abatement and fireproofing services. The financial terms of the transaction were not released. Safway Services Canada is an affiliate of Safway Group Holdings, a provider of scaffolding and other access products for industrial and commercial construction markets in North America. Safway, which has its headquarters in Waukesha, Wisconsin, is a portfolio company of U.S. private equity firm Odyssey Investment Partners. The company was acquired by Odyssey in 2009 from German conglomerate ThyssenKrupp AG.
3 min read · 30 June 2014
