Warburg Pincus has agreed to take a majority stake in software startup PayScale, which offers compensation data to individuals and companies.
1 min read · 25 April 2014
Investment firm Ares Management LP said on April 22 that its initial public offering is expected to raise up to $419 million and that its chief executive and co-founder Anthony Ressler received $138.6 million in pay and dividends in 2013.
3 min read · 25 April 2014
Neovia Logistics LLC, a logistics services provider backed by industrial equipment conglomerate Caterpillar Inc, is exploring a sale that could value the company at more than $1 billion, according to people familiar with the matter.
2 min read · 24 April 2014
Ferus Natural Gas Fuels Inc, a portfolio company of U.S. private equity firm The Energy & Minerals Group, has bought Encana Corp's 50% interest in the Elmworth, Alberta, 190,000-litre per day liquefied natural gas (LNG) facility. The acquisition price was not disclosed. As a result of the deal, Ferus has become the owner-operator of the largest merchant LNG plant in Canada and has plans to expand beyond that, the company said. The Elmworth LNG facility, which began as a joint venture between the company and Canadian energy producer Encana, will be operational in May. Based in Calgary, Ferus provides end-to-end LNG and compressed natural gas fueling services.
3 min read · 24 April 2014
Sarona Asset Management, a Canadian private equity firm focused on investing in small and mid-market companies in frontier and emerging markets, has secured at $15 million fund commitment from the Canadian government. The government commitment will act as a first-loss guarantee on Sarona’s investments, with the profits being shared with other investors. One of the firm's recent deals was its 2013 investment in Khyati Foods Ltd, a Mumbai, India-based company that processes organic cotton and soybeans. Sarona has its North American office in Kitchener, Ontario.
3 min read · 24 April 2014
Canadian pension fund manager the Caisse de dépôt et placement du Québec has invested $42 million in the Parc des Moulins wind energy project operated by Invenergy Wind LLC. The project is a 135.7 MW wind farm that has been operational since December. It covers three Québec municipalities: Thetford Mines, Kinnear's Mills and Saint-Jean-de-Brébeuf. This latest investment builds on the Caisse de dépôt's US$500 million acquisition early last year of a stake in a portfolio of wind farms in Canada and the United States managed by the Chicago-based Invenergy.
3 min read · 24 April 2014
Golden Gate Capital looks like it will be exiting On The Border Mexican Grill & Cantina after nearly four years.
2 min read · 24 April 2014
Chobani said on April 23 it received a $750 million investment from private equity firm TPG Capital, in a move that will spare the Greek yogurt company from a serious cash crunch, according to several people familiar with the matter.
2 min read · 24 April 2014
Life used to be so simple.
3 min read · 23 April 2014
Canadian pension fund manager Alberta Investment Management Corp (AIMCo) last year earned a 12.5% net rate of return on assets under management of $74.7 billion, generating investment income in excess of $8.3 billion. AIMCo attributed the performance to investments in public markets, mortgages and private debt and loan assets, and private investments in real estate and timberland assets. Detailed performance information will be available in AIMCo's annual report to be released in June.
2 min read · 23 April 2014
