3 min read · 10 February 2014
3 min read · 10 February 2014
2 min read · 10 February 2014
1 min read · 07 February 2014
Canadian mid-market private equity firm TriWest Capital Partners has in partnership with company management acquired a majority stake in Kayden Industries Ltd, a Calgary-based designer, manufacturer and supplier of large capacity centrifuges and supplemental equipment, primarily for the oil and gas industry. The financial terms of the deal were not disclosed. TriWest's acquisition of Kayden is the firm's fifth new platform investment since Nov. 2013, and the sixth investment made to date by TriWest Capital Partners Fund IV, which was closed at $350 million in 2012. Last month, the Calgary-based TriWest also backed movie exhibition chain Landmark Cinemas, and financed its buy of theatre assets from Empire Theatres.
2 min read · 07 February 2014
The global secondary market has seen unprecedented growth in recent years, and has steadily diversified its coverage of PE and other alternative assets. It has also attracted countless buyers and sellers, particularly in the institutional community. But the market's true size remains a bit of a mystery. Canadian advisory firm Setter Capital, which reported global activity in 2013 as totaling US$36 billion, is making a difference in this regard – and in a deal-making sense as well, completing US$12 billion in client transactions over the past seven years.
3 min read · 07 February 2014
Yvon Bolduc, president and CEO of the Montréal-based Fonds de solidarité des travailleurs du Québec FTQ, will leave that post following a decision made to end his employment contract. Bolduc, who has led the labour-sponsored private equity and venture capital firm for the past eight years, will officially leave on March 31st. The Fonds de solidarité FTQ's board of directors has launched a process to nominate a new president and CEO. The Fonds de solidarité FTQ also announced that Robert Parizeau has been appointed to its board, and that he will assume the role of board president in May.
3 min read · 07 February 2014
The assets of pension funds in the world's 13 major markets grew by 9.5% in 2013, reaching a record high of almost US$32 trillion, reports Towers Watson's annual Global Pension Assets Study. U.S. pension fund assets also reflected a new record at US$18.9 trillion, which is up 12%. Towers Watson said the growth is the continuation of a trend that started in 2009. The study also found that pension funds in most countries have increased their exposure to alternative assets over the past decade. This trend has been led in Australia (from 8% of total allocations to 25%) and Canada (from 8% of total allocations to 21%).
7 min read · 07 February 2014
TDG Capital Partners, an Edmonton-based private equity and advisory firm, has launched its premiere fund offering TDG Capital Partners I, peHUB Canada has learned. The new fund, targeted to raise $50 million, will focus on making control-stake investments in private small and medium-sized businesses with a valuation in the range of $1 million to $15 million. Companies of interest may be located in Canada and the U.S., as well as in a variety of sectors. Fund I will raise capital commitments from a range of potential LP types, including high net-worth individuals, corporations and institutional investors. The firm is managed by directors Steven Duckering, Jason Shesky and Ali Talebi.
1 min read · 07 February 2014
Private equity firm KKR & Co LP said it would acquire National Vision Inc from buyout firm Berkshire Partners LLC in a bet that consumers would increasingly seek out the budget retailer’s low-price contact lenses and eyeglasses, sister news service Reuters reported.
1 min read · 07 February 2014
