LX Ventures announced this week that it has reached an agreement to sell part of its stake in Copper Cloud to undisclosed venture capital investors for $700,000 in cash, plus royalties and other considerations. peHUB Canada previously reported LX Ventures' acquisition of Copper.io in January.
3 min read · 14 April 2014
Crestview Partners appears to be planning to merge Munder Capital Management with another of its portfolio companies.
2 min read · 14 April 2014
Canadian private equity firm Waterton Global Resource Management has raised just more than $1 billion for its second fund focused on the metals and mining industry, handily beating its $750 million target.
3 min read · 14 April 2014
TIAA-CREF, a retirement services provider to non-profit organizations such as universities and hospitals, said it would acquire asset manager Nuveen Investments for $6.25 billion, seeking to expand its mutual fund and municipal bond offerings.
1 min read · 14 April 2014
Custom Ecology, a portfolio company of New York-based Kinderhook Industries, has acquired Ontario-based B.J. Bear. No financial terms were disclosed. Based in Kitchener, B.J. Bear is a provider of outsourced municipal solid waste hauling solutions.
3 min read · 14 April 2014
The Blackstone Group LP and Goldman Sachs Group Inc’s buyout arm, GS Capital Partners LP, have agreed to acquire capital markets data and software provider Ipreo Holdings LLC from another buyout firm, Kohlberg Kravis Roberts & Co, the companies announced on April 14.
2 min read · 14 April 2014
Canadian private equity firm PFM Capital has unveiled a new retail fund focused on diversified private equity investments based in Saskatchewan's middle market. Apex II Private Equity Fund LP will provide retail investors access to the firm's second partnership, Apex II Investment Fund LP, which raised $54.9 million from high net worth and institutional investors in its initial close in December 2013. Fund II's managers have set a target of $100 million, and a hard cap of $150 million, for the partnership. Its final close is expected to take place in June. With more than $550 million in assets under management, PFM Capital is based in Regina, Saskatchewan.
3 min read · 11 April 2014
WSP Global Inc (TSX: WSP) has completed its previously announced purchase of Focus Group, a Calgary-based engineering and geomatics business serving the energy industry. The deal, valued at $366 million, was supported by an $86 million investment from WSP's minority investors the Caisse de dépôt et placement du Québec and Canada Pension Plan Investment Board (CPPIB). Focus was sold by U.S. private equity firm KRG Capital Partners, which acquired the company in 2005. WSP has its headquarters in Montréal.
3 min read · 11 April 2014
Philadelphia-based alternative investment manager Franklin Square Capital Partners is planning to list FS Investment Corp, its $4.5 billion business development company, on the New York Stock Exchange in order to provide liquidity to existing investors as well as enable new investors to access the fund, Franklin Square Chairman and Chief Executive Officer Michael Forman told sister service Thomson Reuters Loan Pricing Corp in an interview.
3 min read · 11 April 2014
Canadian private equity firm Lynx Equity has acquired Port-Style Enterprises Inc. The financial terms of the transaction were not published. With headquarters in Toronto, the company is an importer and distributor of kitchenware and houseware products. Update: The acquisition of Port-Style Enterprises is the Toronto-based Lynx Equity's ninth deal to date in 2014.
2 min read · 11 April 2014
