Anheuser-Busch InBev SA is in advanced discussions to buy South Korea’s Oriental Brewery from private equity owners KKR & Co LP and Affinity Equity Partners for more than $4.5 billion, according to people familiar with the matter, sister news service Reuters reported.
1 min read · 17 January 2014
Shares of two private equity-backed companies declined in their market debut on Jan 17, even after both priced below their expected price range.
1 min read · 17 January 2014
U.S. private equity firm Cerberus Capital Management LP has decided to sell its entire majority stake in Japanese property operator Kokusai Kogyo Co to its founding family for 130-140 billion yen ($1.25-1.34 billion), people with direct knowledge of the deal told sister news service Reuters.
1 min read · 17 January 2014
Brookfield Asset Management has formed a strategic alliance with Japanese transport company Mitsui O.S.K. Lines Ltd (MOL), which is intended to expand MOL's container terminal business. Under the terms of the strategic alliance agreement, MOL will transfer a 49 percent stake in its subsidiary International Transportation Inc (ITI) to a Brookfield-controlled fund. ITI is a holding company of TraPac LLC, and operates container terminals in the U.S. ports of Los Angeles and Oakland. Financial details of the transaction were not disclosed. Based in Toronto, Brookfield is a $175 billion manager of alternative assets.
3 min read · 16 January 2014
Gamma-Dynacare Medical Laboratories Inc has bought Lab BioMédic, a laboratory services provider to medical clinics, industries, insurance companies and clinical research organizations, and a portfolio company of Canadian private equity firm Persistence Capital Partners (PCP). The acquisition price was not disclosed. According to the Brampton, Ontario-based Gamma-Dynacare, the acquisition solidifies its position as a laboratory services specialist in Québec. The Lab BioMédic deal comes close on the heels of this week's sale by PCP of the Québec radiology operations of Medvue Medical Imaging to Envision Diagnostics Inc. In Apr. 2013, PCP raised over $90 million in the first close of its $225 million healthcare-focused fund, Persistence Capital Partners II LP.
4 min read · 16 January 2014
ProsiebenSat.1 shareholders KKR and Permira will sell on the open market the remaining 17 percent stake they hold jointly in the German broadcaster, completing a gradual exit, sister news service Reuters reported.
1 min read · 16 January 2014
Tyson Foods Inc is exploring a bid for Michael Foods Group Inc, a deal that would combine one of the world’s largest chicken processors with a large distributor of egg and dairy products, according to three people familiar with the matter, sister news service Reuters reported.
2 min read · 16 January 2014
Canadian private equity firm JCM Capital has launched its Clean Power Infrastructure Fund, which is focused on providing construction and long-term equity financing for solar photovoltaic projects in emerging markets. The fund will invest in countries with suitable regulatory frameworks and electricity demand in Latin and South America and Sub Saharan Africa. The Toronto-based JCM said it has already secured a lead investor for the fund, which is targeted to raise US$150 million, and has obtained US$15 million in commitments that will go toward a US$50 million first closing later this year. In connection with the fund launch, JCM has appointed Tom Heintzman to lead its infrastructure team. Prior to joining JCM, Heintzman founded renewable energy company Bullfrog Power Inc.
4 min read · 16 January 2014
Canadian private equity firm Persistence Capital Partners (PCP) has sold all of the Québec radiology operations under its Medvue Medical Imaging banner. The buyer in the non-disclosed transaction was Envision Diagnostics Inc, a diagnostic imaging specialist based in Los Angeles, Calif. The Montréal-based Medvue Medical Imaging was formed in 2003. PCP sold the company's Ontario assets in the early part of last year. In Apr. 2013, PCP raised over $90 million in the first close of its second fund, Persistence Capital Partners II LP, which is targeted for $225 million. Managing partner Stuart Elman was interviewed by peHUB Canada about PCP's fund-raising activity and its exclusive focus on established Canadian healthcare businesses.
2 min read · 16 January 2014
Avison Young Inc has acquired Columbus, Ohio-based PSB Realty Advisors LLC, a provider of commercial real estate investment, brokerage, management and development services for office, retail, multi-family and industrial properties. The undisclosed deal also saw the company open a new U.S.-based office. The acquisition of PSB comes on the heels of Avision Young's buy last week of Atlanta, Georgia-based The Eidson Group LLC. With headquarters in Toronto, Avision Young is focused on commercial, office and industrial real estate services, and operates from 54 offices in Canada and the United States. It has been a portfolio investment of Canadian mid-market private equity firm Tricor Pacific Capital since Oct. 2011.
7 min read · 16 January 2014
