Private equity firm CCMP Capital Advisors LLC is exploring a sale of Medpace Inc that could fetch up to $1.2 billion just two years after it acquired the clinical research company, people familiar with the matter said.
2 min read · 14 November 2013
Indianapolis, Indiana-based private equity firm Hammond, Kennedy, Whitney & Company (HKW) has sold Canadian Hospital Specialties ULC and Benlan Inc, which distribute and manufacture a broad range of sterile, disposable, medical and surgical devices in the Canadian market. The buyer is Cortec Group, a private equity firm based in New York. The financial details of the transaction were not published. The Oakville, Ontario-based Canadian Hospital Specialties and Benlan have been portfolio investments of HKW since 2010.
2 min read · 13 November 2013
Halifax, Nova Scotia-based DeCell Technologies Inc, a biomedical device manufacturer, has received $250,000 in seed-stage funding from Canadian early-stage venture capital firm Innovacorp. Investment proceeds will be used to finance development of the company's first product for the treatment of diabetic foot ulcers. Founded in 2012, DeCell is based in Innovacorp Enterprise Centre, an incubation facility for life sciences and clean technology start-ups located at Dalhousie University.
2 min read · 13 November 2013
Crocs Inc, known for its colorful clogs, has hired investment bank Moelis & Co to explore strategic alternatives, including a leveraged buyout, two people familiar with the matter told sister news service Reuters.
1 min read · 13 November 2013
Shares of Extended Stay America Inc rose as much as 19 percent in their market debut, valuing the hotel chain at about $4.8 billion as investors bet on the recovery in the U.S. hotel sector, sister news service Reuters reported.
2 min read · 13 November 2013
New York-based private equity firm Bregal Partners has formed Aqua Terra Water Management LP, which will serve as an acquisition and organic growth platform providing water management and disposal services to onshore oilfield customers in North America. Aqua Terra has already made its first investment, acquiring Four Winds Energy Services Ltd, a Grande Prairie, Alberta-based operator of Class 1b and Class II water disposal facilities. The financial terms of the deal were not published.
3 min read · 13 November 2013
Mississauga, Ontario-based Lumen Dynamics Group Inc, a manufacturer of lamp and LED-based UV curing and fluorescence illumination systems, has been acquired by Excelitas Technologies Corp, a Waltham, Mass.-based provider of customized solutions to meet lighting, detection and related technology needs. The acquisition price was not disclosed. Lumen Dynamics, formerly the life sciences and industrial division of EXFO Inc, was bought for US$24.3 million by New York-based private equity firm The Riverside Co in 2010.
3 min read · 13 November 2013
Elliptic Technologies Inc said Wednesday that it has raised $4 million in funding. Investors included BDC Venture Capital and Anges Québec members. Based in Ottawa, Elliptic Technologies is a provider of embedded security solutions. Update: The company plans to use investment proceeds to support its growth strategy, opportunities through the continued development of its tVault™ technology, and expansion of the sales and marketing teams. Founded in 2001, Elliptic Technologies has been venture-backed since 2002.
3 min read · 13 November 2013
PasswordBox said Wednesday that it has closed US$6 million in Series A funding. OMERS Ventures led the round with participation from Silicon Valley angel investors, including Mark Britto, CEO of BOKU and Lee Linden, head of Facebook eCommerce. 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. Update: OMERS Ventures is the venture capital investment arm of the Ontario Municipal Employees Retirement System.
3 min read · 13 November 2013
Bain Capital LLC is in advanced talks to acquire auto parts supplier TI Automotive Ltd in a deal approaching $2 billion, people familiar with the matter told sister news service Reuters.
2 min read · 13 November 2013
