Canadian pension fund manager the Caisse de dépôt et placement du Québec has agreed to partner with European private equity firm EQT Mid Market and Singapore-based GIC in the acquisition of I-Med Radiology Network. The financial details of the transaction were not released. Based in Sydney, Australia, I-Med is a supplier of medical imaging services, operating a network of 200 clinics throughout Australia. EQT said the deal, which is expected to close in April, is intended to continue the company's growth and support management in leveraging I-Med’s platform, potentially in Asia.
2 min read · 24 March 2014
Investment management firm Fiera Capital Corp has launched the Fiera Private Infrastructure Fund, a vehicle intended to give Canadian accredited investors in the retail market access to investment opportunities in core infrastructure assets. The Montréal-based Fiera plans to invest a significant portion of the fund's assets directly or indirectly in certain funds managed by Fiera Axium Infrastructure. With capital commitments totaling $971 million, Fiera Axium invests in projects in North American energy, transportation and social infrastructure sectors.
4 min read · 24 March 2014
Clairvest Group has launched its fifth fund targeting $500 million, according to a person with knowledge of the fund-raising. Clairvest Equity Partners V has a $600 million hard cap. Atlantic-Pacific Capital is working as placement agent. Clairvest targets mid-market buyouts in North America, seeking to invest between $15 million and $50 million in equity per company. The firm has overall generated a 2.8x return multiple since inception, the source said.
1 min read · 24 March 2014
Private equity firms Advent International and Bain Capital, along with Danish pension fund ATP, agreed on March 24 to buy payment services company Nets Holding from a group of Nordic banks for 17 billion Danish crowns ($3.14 billion), Nets said in a statement.
1 min read · 24 March 2014
1 min read · 24 March 2014
U.S. private equity firms have been steadily making their presence felt in Canada's mid-market, often by zeroing in on deals of interest and demonstrating a particular competitive advantage. An example of this trend was seen last month with Clearview Capital's $45 million take-private acquisition of Novik, a Saint-Augustin-de-Desmaures, Québec-based manufacturer of polymer siding and roofing supplies.
3 min read · 24 March 2014
Private equity firms are going underground. In the past, they have largely shunned mining acquisitions, as the volatility of commodities prices and cash flow made it difficult to structure leveraged deals. Those concerns are on the wane.
4 min read · 24 March 2014
2 min read · 24 March 2014
2 min read · 24 March 2014
2 min read · 24 March 2014
