Authentic Brands Group LLC, a portfolio investment of U.S. private equity firm Leonard Green & Partners and Canadian firm Knight's Bridge Capital Partners since 2010, has closed its acquisition of Muhammad Ali Enterprises from CORE Media Group. Financial terms of the transaction were undisclosed. Authentic Brands is an intellectual property business focused on buying and managing prominent consumer brands. The company has offices in New York, Toronto and Los Angeles.
3 min read · 21 November 2013
U.S. private equity firm GenNx360 Capital Partners has acquired Salford Farm Machinery Ltd. No financial terms were disclosed for the transaction. Based in Salford, Ontario, Salford is a manufacturer of tillage, seeding and fertilizing equipment. Update: The company's partnership with GenNx360 will focus on leveraging Salford's operational expertise and executing on identified growth opportunities, both organically and through add-on acquisitions.
3 min read · 21 November 2013
Blackstone Group LP said Thursday it had hired David Calhoun, chief executive of television ratings company Nielsen Holdings NV, to work with the bosses of the private equity firm’s companies in order to deliver more value, sister news service Reuters reported.
2 min read · 21 November 2013
OMERS Private Equity has acquired Caliber Collision Centers from ONCAP. No financial terms were disclosed for the transaction. Based in Lewisville, Texas, Caliber is a provider of automotive collision repair services in the United States. Update: The company was acquired in 2008 in a management buyout led by ONCAP, the mid-market private equity platform of Toronto-based Onex Corp. Onex reported that the exit transaction, earlier valued at US$425 million, provided ONCAP with a multiple of capital invested of about 7.5 times.
3 min read · 21 November 2013
Jonas Software, a subsidiary of Toronto-based Constellation Software Inc, has acquired Cash Registers (BUCCLEUCH) Ltd, a provider of online cashless catering solutions to the U.K. education market. Financial terms of the transaction were not disclosed. Jonas Software is part of Gary Jonas Computing Ltd, a provider of enterprise management software solutions. Constellation is a portfolio company of OMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System.
2 min read · 20 November 2013
PasswordBox has bought Legacy Locker, a specialist in online accounts management based in San Francisco, for an undisclosed amount. The company said the deal gives it a deeper reach into providing digital life management services to estate planners and existing Legacy Locker customers. PasswordBox's announcement came on the heels of last week's closing of a US$6 million Series A financing round. That round was led by OMERS Ventures, with participation from angel investors. With offices in San Francisco and Montréal, PasswordBox is a password manager that allows users to securely store, retrieve, create and share passwords on any device.
4 min read · 20 November 2013
Devon Energy Corp will buy GeoSouthern Energy Corp’s core assets in the Eagle Ford shale region of south Texas for $6 billion in cash, in a deal that looks to answer criticism about the company’s lack of exposure to higher-margin oil, sister news service Reuters reported.
2 min read · 20 November 2013
Barclays Plc has named Chris Sullivan as head of its financial sponsors group for the Americas, according to an internal memo, sister news service Reuters reported.
1 min read · 19 November 2013
Patheon Inc (TSX:PTI), a provider of drug development and manufacturing services, has agreed to be taken private in a deal that values the company at around US$1.4 billion. The buyers are U.S. private equity firm JLL Partners, which has had a major stake in Patheon since 2007, and Dutch food and chemicals group DSM (DSMN.AS). The proposed takeover offer of US$9.32 per share, or US$582 million for investors other than JLL, has been recommended by independent members of the company's board of directors. On closing of the transaction, which will be put to a shareholders' vote at a special meeting in 2014, Patheon and DSM's existing pharmaceutical business will be combined. Founded in Fort Erie, Ontario in 1974, Patheon continues to be incorporated in Canada, and has its head office in Durham, North Carolina.
10 min read · 19 November 2013
Canadian paper and pulp products maker Domtar Corp said it would buy privately held Spanish diaper maker Laboratorios Indas, as it tries to expand its personal care business and reduce exposure to weak pulp prices., Reuters reported. Domtar will pay 285 million euros ($386 million) to private equity firms Portobello and Santander's Vista Capital to buy Indas. It will also repay most of Indas' 140 million euros debt after the deal closes. Indas, bought by the Spanish private equity firms in 2007 for about 350 million euros, is Spain's top maker of sanitary napkins and other hygiene products.
2 min read · 19 November 2013
