Nov 7 (Reuters) - Canada's Chemtrade Logistics Inc is in advanced talks to buy General Chemical Corp, two people familiar with the matter said on Wednesday, in a deal that could value the specialty chemicals maker at around $1 billion. Private equity firm American Securities LLC, which put General Chemical on the auction block in the summer, is in the process of finalizing an agreement with Chemtrade over the next few weeks, sources said.
2 min read · 07 November 2013
Canada’s Chemtrade Logistics Inc is in advanced talks to buy General Chemical Corp, two people familiar with the matter told sister news service Reuters, in a deal that could value the specialty chemicals maker at around $1 billion.
2 min read · 07 November 2013
Jennifer Morais, a funds commitment professional who worked at the Canada Pension Plan Investment Board for around eight years, is joining TPG on the investor relations team, according to four people familiar with the situation.
2 min read · 07 November 2013
Spectrum Equity Investors, which is expected to begin fundraising soon, has scored another exit, sister publication peHUB reported.
2 min read · 06 November 2013
U.S. private equity firm KKR & Co has teamed up with the international arm of Kuwait Petroleum Corp to jointly bid for German utility RWE’s oil and gas unit DEA, four banking sources familiar with the matter told sister news service Reuters.
3 min read · 06 November 2013
Ottawa, Ontario-based Teknision Inc, creator of an android customization development platform, has been bought by Synacor Inc, a Buffalo, New York-based provider of solutions for the delivery of online content and services. The acquisition price was not disclosed. Founded in 2001, Teknision raised funds on Kickstarter in 2012, while Synacor has secured over US$54 million in venture capital financing since 1999. Synacor's current backers include Intel Capital, Mitsui Ventures, North Atlantic Capital and Walden International.
4 min read · 06 November 2013
Granify Inc, an Edmonton, Alberta-based software-as-a-service platform that brings real-time data and machine learning to online retailers, has received $1.5 million in seed-stage financing. Deal participants included Canadian venture capital firms iNovia Capital, Klass Capital, BDC Venture Capital and Extreme Startups, U.S.-based Valar Ventures and Social Starts, and nine individual angel investors. The company will use investment proceeds to grow through product development, infrastructure, and by attracting more online retailers to its product. Granify also raised venture capital funding in 2012.
4 min read · 06 November 2013
Canadian mid-market private equity firm Signal Hill Equity Partners has made an undisclosed investment in OEL Projects Ltd, a Calgary-based full-service oil and gas engineering company specializing in upstream processing facilities and pipeline systems. The deal, which was done in partnership with the company's management team, is intended to advance OEL Projects' future growth. Signal Hill earlier this year opened a Calgary office, flagging an interest in making more equity investments in Western Canadian businesses.
2 min read · 06 November 2013
Carlyle Group LP posted an 11 percent drop in third-quarter profit as asset sales generated less cash for shareholders than in any other quarter since the alternative asset manager went public, sister news service Reuters reported.
3 min read · 06 November 2013
Waterloo, Ont.-based Open Text Corp (NASDAQ: OTEX, TSX: OTC), an enterprise data management software company, has agreed to acquire GXS Group Inc, a provider of business-to-business cloud integration based in Gaithersburg, Maryland. The purchase price is US$1.165 billion. OpenText will pay US$1.065 billion in cash and US$100 million in its common shares. The deal is targeted to close within 90 days. GXS was founded in 2002 as a spin-out from General Electric Co., and bought by U.S. private equity and venture firms Francisco Partners and Norwest Venture Partners. Cerberus Capital Management and Golden Gate Management are also investors in the company.
8 min read · 06 November 2013
