Global private equity firm KKR & Co LP plans to offer funding to struggling companies in India where rising bad loans has constrained bank lending and low demand has ruled out share sales for many small and mid-sized firms, sister news service Reuters reported.
2 min read · 20 February 2014
Safeway Inc, the second-largest U.S. mainstream grocery store operator, said it is in talks about a possible sale of the company, sister news service Reuters reported.
2 min read · 19 February 2014
Canadian private equity firm Waterton Global Resource Management is making an offer to acquire 100% of the common shares of Chaparral Gold Corp (TSX: CHL) not already held by the firm at a price of $0.50 per share. The deal has been estimated to value $58.8 million. Waterton currently owns 2.9% of the shares in Chaparral, a Scottsdale, Arizona-based precious metals producer focused on development projects in Nevada. The company has issued a statement about Waterton's unsolicited proposal, saying that net of the Chaparral's working capital it implies a negative value for mineral properties. As previously reported by peHUB, Waterton is currently raising its second mining-focused fund, targeted at US$750 million.
6 min read · 19 February 2014
Canadian mid-market private equity firm Fulcrum Capital Partners has invested in Lift Philanthropy Partners, which is focused on supporting the impact and sustainability of social purpose organizations in order to improve the health and productivity of Canadians. Fulcrum made a $150,000 commitment to Lift over a three-year period. Founded in 2011, Lift is based in Vancouver.
3 min read · 19 February 2014
Ivanhoé Cambridge has entered into a partnership to build Projet QB, a mixed multi-residential and commercial complex that will feature more than 400 rental units and 200 condominiums in the Cité-Universitaire district of Québec City. The initiative will get underway with an initial investment of over $50 million, in partnership with a group of local investors led by Pierre Moffet and under a co-development agreement with SDLP, the real estate division of Sobeys Inc. Ivanhoé Cambridge is the real estate investment arm of Canadian pension fund manager the Caisse de dépôt et placement du Québec.
5 min read · 19 February 2014
LifeLabs Medical Laboratory Services Inc has purchased the Canadian business division of Germany's Centogene AG, a specialist in genetic diagnostics for rare hereditary diseases. The financial terms of the deal were not published. According to LifeLabs, the acquisition places the company in a leadership role in genetic testing in Canada. In Oct. 2013, LifeLabs acquired CML HealthCare Inc, a Mississauga, Ontario-based diagnostic laboratory and medical imaging provider for $1.2 billion. Formerly knowns as MDS Diagnostic Services, LifeLabs was bought in 2007 by Borealis Infrastructure, an investment arm of the Ontario Municipal Employees Retirement System.
4 min read · 19 February 2014
Pets at Home is planning a London stock market debut that values Britain’s biggest pet shop group at about 1.5 billion pounds ($2.5 billion), seeking to cash in on an improving outlook for consumer spending and the nation’s love of pets, sister news service Reuters reported.
3 min read · 19 February 2014
Former AIG boss Maurice “Hank” Greenberg’s Starr Investment Holdings LLC said it had agreed to take over health insurance claims processor MultiPlan Inc in what is by far its biggest private equity investment to date, sister news service Reuters reported.
2 min read · 18 February 2014
U.S. chemical manufacturer Ashland Inc, which is under pressure from activist investor Jana Partners, said it would sell its water technologies unit to a fund managed by Clayton, Dubilier & Rice for about $1.8 billion, sister news service Reuters reported.
1 min read · 18 February 2014
Private equity firm TPG Capital LP registered its business development company (BDC) for an initial public offering on Feb. 18, seeking to capitalize on the growth of such credit investment vehicles and the rise of the shadow banking sector, sister news service Reuters reported.
2 min read · 18 February 2014
