Koch Industries and Goldman Sachs’ private equity arm GS Capital Partners are acquiring one of the world’s leading makers of printing inks, Flint, from buyout group CVC Capital Partners, the four companies said in a joint statement.
2 min read · 15 April 2014
DSW has agreed to buy a 44 percent stake in Town Shoes from AIMCo for approximately $62 million. The transaction is expected to be completed in May 2014. Peter J. Solomon Company is advising DSW on the deal. Based in Toronto, Town Shoes, which is also backed by Callisto Capital, is a footwear retailer.
4 min read · 15 April 2014
DC Capital Partners made the most of the grab for yield in the junk bond market, selling a $150 million payment-in-kind (PIK) toggle note for engineering and consulting firm Michael Baker that will pay it a dividend less than six months after buying the company.
2 min read · 15 April 2014
1 min read · 15 April 2014
Toronto-based Guardian Capital Group Limited has closed its buy of Zephyr Management. No financial terms were disclosed. Based in London, Zephyr Management is an emerging markets equity firm.
2 min read · 15 April 2014
U.S. covenant-lite lending is moving into a more aggressive phase as banks make more concessions and loosen loan terms further to offer even greater flexibility to buyout shops and U.S. companies in a borrower’s market.m
4 min read · 14 April 2014
Japan’s $1.26 trillion public pension fund, the world’s largest, is looking at alternative assets, a senior official said on April 10, as it seeks to diversify its holdings and generate higher returns to finance a rapidly ageing population.
2 min read · 14 April 2014
Private equity firm Blackstone Group (BX.N) is set to launch a $4.2 billion financing to back its $5.4 billion acquisition of auto parts maker Gates Global, sister news service Reuters reports. The deal is the second-largest U.S. leveraged buyout financing of the year, according to Thomson Reuters data, and is also the largest private equity buyout of an industrial company in more than four years.
2 min read · 14 April 2014
GreenSky Capital and Enlightened Private Capital announced this week that they have completed a financing of Toronto-based Tri-D Technologies to expand its commercialization efforts. Tri-D is a developer of software for textile manufacturers, and was last year the recipient of financing from the Investment Accelerator Fund. Financial terms were not disclosed.
2 min read · 14 April 2014
Augyva Mining Resources, a Montreal-based iron exploration and mining company, announced this week that it has closed its previously announced private placement of approximately $500,000. Augyva has also announced the appointment of Kuldeep Billan as CEO, who is joining the company from West Face Capital. Curtis Johansson, from CAI Private Equity, and Louis De Jong have also joined the company as directors.
5 min read · 14 April 2014
