Logan International Inc (TSX: LII) has named David MacNeill as the company's new president and CEO. MacNeill will replace Gerald Hage, who is retiring in June. Prior to joining Logan as COO, MacNeill led DoubleBarrel Downhole Technologies and held executive positions in other energy-related businesses. Based in Calgary, Logan manufactures and sells a comprehensive line of quality fishing and intervention tools for the oil and gas industry. It has been a portfolio company of U.S. private equity firm Cadent Energy Partners since 2006.
3 min read · 12 May 2014
OMERS Private Equity, an investment arm of the Ontario Municipal Employees Retirement System, has appointed Jonathan Mussellwhite as a managing director in its London office. Mussellwhite brings more than 18 years of private equity experience to the position. Previously, he was one of the founding partners of Cognetas LLP, a pan-European mid-market private equity firm, where he co-led the London office since 2009. Before then, he was a director at Electra Fleming, where he was involved in a wide range of buyout transactions.
3 min read · 12 May 2014
European private equity firm Ardian is selling its 22 percent stake in French caterer Newrest to Newrest’s management, Ardian said on May 6.
1 min read · 12 May 2014
Hillshire Brands Co will buy Pinnacle Foods Inc for $4.3 billion to add products such as Duncan Hines baking mixes and Bird’s Eye frozen foods to its lineup that includes Jimmy Dean sausages and Sara Lee desserts.
3 min read · 12 May 2014
U.S. drugmaker Allergan Inc rejected Valeant Pharmaceuticals International Inc's unsolicited takeover offer, saying it substantially undervalued the company, Reuters reported. The Canadian drugmaker said on April 22 that it and activist investor Bill Ackman had made a US$47 billion bid to buy Allergan, maker of the popular anti-wrinkle treatment Botox. Allergan has since been seeking other buyers, according to sources familiar with the matter. Valeant has offered to pay US$48.30 per share in cash and 0.83 Valeant shares for each Allergan share.
2 min read · 12 May 2014
Nasdaq OMX Group Inc said Adena Friedman will rejoin the company as president of global corporate and information technology solutions, reporting to Chief Executive Robert Greifeld.
1 min read · 12 May 2014
Brand management company Authentic Brands Group (ABG) is buying the rest of Marilyn Monroe’s estate that it didn’t already own, said James Salter, the company’s chairman and CEO.
2 min read · 09 May 2014
1 min read · 09 May 2014
Private equity firms, including Corsair Capital, were approached to take part in a 400 million pound ($678.6 million) rescue fundraising for the struggling Co-op Bank, according to Sky News and a source familiar with the matter.
1 min read · 08 May 2014
CPS Products Canada Ltd, a division of CPS Products Inc, has purchased UView Ultraviolet Systems Inc, a Mississauga, Ontario-based manufacturer of tools and equipment for professional automotive technicians. The financial details of the transaction were not released. UView's primary business lines, UView, MotorVac and TerraClean, will continue to operate independently, CPS said. Based in Hialeah, Florida, CPS is a manufacturer of tools, equipment and instruments and is a portfolio company of U.S. private equity firm Harbour Group. Harbour bought the company in November 2012.
2 min read · 08 May 2014
