Apollo Global Management LLC is looking to cash out on its investment in the owner of Lighthouse Investment Partners LLC, three years after it backed the fund-of-hedge-funds manager, according to people familiar with the matter, sister news service Reuters reported.
3 min read · 08 January 2014
Managing directors Randy Schwimmer and Hugh Wilder have left Carlyle GMS Finance Inc, The Carlyle Group’s middle-market lending platform, sources told sister news service Thomson Reuters LPC.
2 min read · 08 January 2014
Bain Capital Ventures and Spectrum Equity have taken minority stakes in healthcare software provider MedHOK for $77.5 million, sister news service Reuters reported.
2 min read · 08 January 2014
GFL Environmental Inc, an integrated solid and liquid waste company based in Vaughan, Ontario, has acquired The Garbage Company Inc for an undisclosed price. According to GFL, its combination with Calgary's The Garbage Company will provide a strong base for business expansion in Western Canada. The company currently operates from more than 50 facilities in Ontario, Manitoba, Alberta and British Columbia. GFL is a portfolio investment of U.S. private equity firm Roark Capital Group, which committed $105 million to the company in Nov. 2010. Its other private equity backer is Canadian firm Genuity Capital Partners.
2 min read · 08 January 2014
Canadian mid-market private equity firm Signal Hill Equity Partners has expanded the Calgary office it opened in May 2013 with the hire of Brent Bieber. Bieber, who previously worked in the investment banking groups of Paradigm Capital and CIBC World Markets, will assume the position of vice president of business development. In this role, he will will focus on identifying and evaluating potential investments for the firm in Western Canada.
2 min read · 08 January 2014
Private equity firm Dering Capital is in advanced talks to buy French broadcasting masts operator TDF, and is the last remaining bidder after a Canadian consortium dropped out, Les Echos reported on Wednesday. Sources told Reuters in October that Dering, founded in 2011 by Ben Jenkins, ex-Hong Kong head of Blackstone, had submitted a slightly higher first-round bid of about 3.6 billion euros (US$4.9 billion) than the group led by Canadian pension fund PSP Investments. The sellers are TDF shareholders, including the private equity funds TPG with 42 percent, Charterhouse Ardian -previously known as AXA private equity - and France's BPI.
1 min read · 08 January 2014
Health insurer WellPoint Inc said it reached an agreement to sell 1-800 Contacts, its online contact lens business, to private equity firm Thomas H. Lee Partners in order to focus on its core insurance business, sister news service Reuters reported.
1 min read · 08 January 2014
Northwestern Mutual Life Insurance is exploring a possible sale of its Russell Investments asset management business, which has $247 billion in assets under management, according to four people familiar with the situation, sister news service Reuters reported.
2 min read · 08 January 2014
Drugmaker Forest Laboratories Inc, which averted a proxy fight with activist investor Carl Icahn last year, said on Wednesday it would buy specialty pharmaceutical maker Aptalis from private equity firm TPG Capital for $2.9 billion, sending its shares sharply higher, sister news service Reuters reported.
1 min read · 08 January 2014
Skillsoft Ltd is exploring a sale that it hopes will value the private equity-owned provider of educational software to businesses at around $2 billion, including debt, according to several people familiar with the matter, sister news service Reuters reported.
2 min read · 07 January 2014
