4 min read · 13 January 2014
2 min read · 13 January 2014
1 min read · 13 January 2014
Investors in Concord, Ont.-based enterprise communications provider Aastra Technologies Ltd (TSX: AAH) have approved the company's merger with Mitel Networks Corp (TSX: MNW) (Nasdaq: MITL). The previously-announced $400 million transaction received more than 99% of the votes cast in a special meeting of shareholders. Mitel, a cloud and communications software solutions business based in Ottawa, is majority-owned by U.S. private equity firm Francisco Partners and Dr. Terence Matthews. Osler, Hoskin & Harcourt LLP is acting for Mitel in the deal.
3 min read · 10 January 2014
Ash City Worldwide Inc, a Richmond Hill, Ont.-based manufacturer of men's and women's corporate and casual apparel, has been bought by Alphabroder, a portfolio company of U.S. private equity firm Littlejohn & Co. Financial terms of the deal were not published. According to Littlejohn, the acquisition leverages Ash City's brands, sourcing and design capabilities and strong Canadian presence, and makes Alphabroder the leading seamless-source supplier of trade, retail and private label branded apparel in North America. The Trevose, Penn.-based company, formerly known as Broder Bros Co, was recapitalized by Littlejohn in 2012.
4 min read · 10 January 2014
Avison Young Inc has acquired for an undisclosed sum The Eidson Group LLC, a corporate real estate services firm specializing in office space solutions in Altanta, Georgia. According to Avision Young, the deal further expands its tenant-representation services in Atlanta and the U.S. Southeast. The Toronto-based Avision Young, a provider of commercial, office and industrial real estate services, operates from 53 offices in Canada and the United States. The company has been a portfolio investment of Canadian mid-market private equity firm Tricor Pacific Capital since Oct. 2011.
6 min read · 10 January 2014
Canadian private investment firm West Face Capital has launched a new privately-negotiated credits vehicle called West Face Alternative Credit Fund Group (West Face ACFG). The fund, which is targeted to be capped at $600 million, was initially closed with around $400 million in capital commitments. West Face ACFG will focus on investing in second-lien debt, unsecured debt, mezzanine financing, acquisition financing, and bridge loans. The Toronto-based West Face Capital closed its West Face Long Term Opportunities Fund at $700 million in 2007.
1 min read · 10 January 2014
Toronto-based private equity firm Birch Hill Equity Partners has completed its previously-announced bought deal secondary offering of common shares in DHX Media Ltd (TSX: DHX). The offering was priced at $4.70 per share, generating proceeds of approximately $133 million. The Halifax, Nova Scotia-based DHX Media, a creator, producer, distributor and licensor of children's entertainment content, became a portfolio company of Birch Hill and OMERS Private Equity when it acquired Cookie Jar Group for $111 million in 2012.
3 min read · 10 January 2014
The chief investment officer of California Public Employees’ Retirement System, known as CalPERS, California’s $282 billion pension fund for public employees, is taking leave to resume cancer treatment, a spokesman said, sister news service Reuters reported.
1 min read · 10 January 2014
Boris Okuliar is set to join the The Carlyle Group in a newly created role as head of capital markets for its Global Market Strategies (GMS) business, the private equity firm announced, sister news service Thomson Reuters LPC reported.
1 min read · 10 January 2014
