4 min read · 25 November 2013
1 min read · 25 November 2013
U.S. forest products company Louisiana-Pacific Corp (NYSE: LPX) has appointed M.J. "Mac" Palmiere as its Canadian regional operations manager, effective December 2nd. Based in Vancouver, Palmiere will oversee the integration of Ainsworth Lumber Co. Ltd into the business. Louisiana-Pacific in September agreed to buy Ainsworth, a Vancouver-based manufacturer of homebuilding products, in a deal valued at around US$1.1 billion. The acquisition, which is expected to be completed in early 2014, will provide an exit to Brookfield Capital Partners, the private equity arm of Brookfield Asset Management, which invested in the company's restructuring in 2008. Update: Torys LLP represented Brookfield in the deal.
2 min read · 22 November 2013
Canadian mid-market private equity firm TriWest Capital Partners has acquired for an undisclosed sum Triple M Housing Ltd, a Lethbridge, Alberta-based manufacturer of factory-built housing, with a particular focus on the modular home market. The deal was done in partnership with the company's senior management. TriWest said its goal is to support Triple M's continued growth in both the rural and urban housing and commercial markets. The investment is the second made to date by TriWest Capital Partners Fund IV, which was closed at $350 million in 2012.
2 min read · 22 November 2013
Banks are poring over US leveraged loan portfolios to assess whether they will be able to lend as much to risky lower-rated companies and private equity buyouts after attracting regulators’ ire, bankers and lawyers said, sister news service Reuters Loan Pricing Corp reported.
3 min read · 22 November 2013
OMERS Private Equity, the investment arm of the Ontario Municipal Employees Retirement System, has acquired Caliber Collision Centers Inc – ending recent speculation about the likely identity of the buyer of the ONCAP portfolio company. The sponsor-to-sponsor transaction appears to be a win-win for the two Canadian private equity firms.
2 min read · 21 November 2013
Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, will increase the size of its initial public offering to about $2.25 billion, which will let its preferred shareholders sell about $1 billion of stock, according to a source familiar with the matter, sister news service Reuters reported.
1 min read · 21 November 2013
Ivanhoé Cambridge, the real estate investment arm of pension fund manager the Caisse de dépôt et placement du Québec, has acquired 10 and 120 South Riverside Plaza, twin office buildings in the West Loop sub-market of Chicago. The purchase price was more than US$360 million. The transaction adds to Ivanhoé's existing office property holdings in Chicago's business district.
3 min read · 21 November 2013
Calgary-based Detechtion Technologies, a specialist in performance optimization and fleet management technology for natural gas compression fleets, has secured an undisclosed strategic investment from U.S. growth equity firm Element Partners, which is focused on opportunities in energy, environmental and industrial sectors. Concurrent with the deal, Detechtion announced the appointment of Chris Smith, the former CEO of Cygnet Software, as the company's new president and CEO, and Gerry Conroy, as senior vice president of products and portfolio. Company founder Brian Taylor, previously president and CEO, will become chairman of the board of directors.
4 min read · 21 November 2013
San Francisco, Calif.-based Index, a provider of retail software that brings the personalization and measurement of online commerce to the offline world, has raised US$7 million in a Series A funding round. The deal was led by led by U.S. venture capital firms Innovation Endeavors, Khosla Ventures and 819 Capital, and Canadian pension fund manager Alberta Investment Management Corp. Index was founded by former Google Wallet executives Marc Freed-Finnegan and Jonathan Wall.
3 min read · 21 November 2013
