Signet Jewelers Ltd said it would buy smaller rival Zale Corp for about $690 million in a deal that would strengthen its hold on the U.S. specialty jewelry sector and let it tap new markets, sister news service Reuters reported.
2 min read · 04 March 2014
Private equity firm Cinven Ltd confirmed that it has agreed to acquire pharmaceutical contract research organization Medpace Inc from buyout firm CCMP Capital Advisors LLC for a little over $900 million, sister news service Reuters reported.
3 min read · 04 March 2014
Toronto-based private equity and venture capital firm Pinetree Capital said Tuesday that it has purchased 38,200 common shares of Sphere 3D Corp (TSXV: ANY, OTCQX: SPIHF). No financial terms were disclosed for the transaction. As a result, Pinetree holds an aggregate of 1,924,500 common shares of the company. Based in Mississauga, Ontario, Sphere 3D is a provider of virtualization technology solutions.
2 min read · 04 March 2014
Ampersand Capital, a healthcare focused private equity firm, is out fundraising, sister Web site peHUB reported, citing three placement sources and an SEC filing.
2 min read · 03 March 2014
Private equity funds face increasing deal-making competition in 2014, Bain & Company consultants said this week, with a record US$1 trillion cash pile adding to the pressure to find strong investments, reports Reuters. While surging equity markets helped funds to cash out on their investments in 2013, high asset prices have also forced down the number of buyouts by 11 percent as funds struggled to identify bargains. But investors are still pouring money into the industry, whose undeployed capital, or "dry powder", rose 12 percent last year to a record US$1 trillion, higher than levels before the financial crisis.
3 min read · 03 March 2014
U.K.-based Rambler Metals and Mining PLC (TSX-V: RAB) (AIM: RMM), a copper and gold producer, has paid down its $10 million credit facility with Sprott Resource Lending Corp. The company attributed the advance repayment to improved cash flow from its Ming Copper-Gold Mine in Baie Verte, Newfoundland and Labrador. Based in Toronto, Sprott Resource Lending is a natural resource investor focused on mining and oil and gas companies.
2 min read · 03 March 2014
The Ontario Municipal Employees Retirement System (OMERS), through its investment arm OMERS Strategic Investments, has entered into a co-investment agreement with Japan's Government Pension Investment Fund (GPIF) and the Development Bank of Japan (DBJ). The arrangement allows for GPIF and DBJ to participate in deal opportunities sourced and managed by OMERS' funds. The first direct result of this initiative was a commitment of US$2.5 billion by GPIF and DBJ to the Global Strategic Investment Alliance (GSIA), a co-investment program managed by OMERS' affiliate Borealis Infrastructure. Total capital committed to the GSIA now stands at US$11.25 billion.
3 min read · 03 March 2014
Canadian mid-market private equity firm Fulcrum Capital Partners has acquired Dana Hospitality LP, a provider of food services to businesses, independent schools and healthcare institutions under the Dana Hospitality and Marek Hospitality brands. The financial terms of the deal were not disclosed. Founded in 1987, Dana Hospitality is based in Oakville, Ontario. The acquisition was completed by Fulcrum Capital’s Private Equity Fund IV, closed at $193 million in 2012, and marks the ninth investment of that fund.
2 min read · 03 March 2014
Private equity funds face increasing deal-making competition in 2014, Bain & Company consultants said on Monday, with a record $1 trillion cash pile adding to the pressure to find strong investments, sister news service Reuters reported.
2 min read · 03 March 2014
Apollo Global Management LLC Chief Executive Officer and co-founder Leon Black received $369.4 million in dividends and pay from his private equity and credit investment firm in 2013, up 105 percent from 2012, while Stephen Schwarzman’s earnings from dividends and pay as chief executive of The Blackstone Group LP soared by 75 percent to $374.5 million in 2013, underpinning his firm’s strong profits in real estate, private equity, credit and hedge funds, sister news service Reuters reported, citing regulatory filings.
2 min read · 03 March 2014
