Are you seeing even a quarter of potential deals in your target market? Maybe not, according to the second annual edition of Sutton Place Strategies’s Deal Origination Benchmark Report released last month.
3 min read · 14 October 2013
Promethean Investments is out fundraising for its second pool, according to three sources, sister publication peHUB reported.
1 min read · 11 October 2013
After toughing it out for a while, employees of North American private equity and venture capital firms are being rewarded with fatter paychecks. That’s according to the recently released 2013-2014 Holt‑MM&K‑Thomson Reuters Private Equity and Venture Capital Compensation Report. Based on a survey of over 100 organizations, the report found salaries and bonuses rose for both partners and non-partners between 2012 and 2013.
2 min read · 11 October 2013
Canadian private equity firm Ironbridge Equity Partners has made an undisclosed platform investment in Mississauga, Ont.-based Frischkorn Audio-Visual Corp, an independent provider of audio-visual services to corporate clients. The deal was done in partnership with Frischkorn management. Ironbridge's investment is its first since the first close in September of the firm's second private equity fund, Ironbridge Equity Partners II LP, targeted at $125 million. Based in Toronto, Ironbridge invests in lower middle-market businesses operating in a range of industries.
2 min read · 11 October 2013
When Canada's big pension funds started to diversify out of stocks and bonds, they turned to real assets in a bid for better returns. But buying real estate, infrastructure and commodities isn't just for big players anymore, and Canadian asset managers are offering them to ordinary clients.
4 min read · 11 October 2013
BlackBerry Ltd co-founder Mike Lazaridis has increased his stake in the struggling smartphone maker and is considering buying the entire company, according to a securities filing on Thursday. The filing said that Lazaridis, who stepped down as co-chief executive and co-chairman of the company in early 2012, made the move along with his fellow co-founder Douglas Fregin. he pair, who founded the company then known as Research In Motion in 1985, earlier this year started Quantum Valley Investments to support quantum physics and computing breakthroughs.
2 min read · 11 October 2013
U.S. private equity firm Kohlberg & Co has undertaken a further secondary sale of up to 6,325,000 common shares in Bauer Performance Sports Ltd, a Canadian manufacturer of hockey and lacrosse equipment and apparel. The offering price is $12.15 per share. Upon completion of the transaction, Kohlberg's interest in the company is expected to be 14.7% of issued and outstanding shares. Kohlberg and Roustan Capital acquired Bauer in a corporate carve-out deal in 2008. In 2011, Bauer raised $75 million in an initial public offering.
4 min read · 11 October 2013
New York-based private equity firm Crestview Partners and CITIC Capital, a private equity firm located in Beijing and Shanghai, China, have closed their buy of Stackpole International from the Sterling Group and Current Capital. No financial terms were disclosed, although some outlets report the deal to be valued at US$512 million. Morgan Stanley, Nomura Securities International and UBS Investment Bank served as M&A advisors to Crestview. Stackpole president and CEO Peter Ballantyne will remain both in his position and on the company's board of directors. Based in Ancaster, Ontario, Stackpole is a supplier to automotive original equipment manufacturers. Update: The company was acquired by Sterling through a corporate carve-out from Gates Canada in 2011.
3 min read · 11 October 2013
German medical skin patch maker LTS Lohmann has attracted offers valuing the company at 1.1-1.3 billion euros ($1.5-1.8 billion), three people familiar with the sale said, sister news service Reuters reported.
2 min read · 11 October 2013
Crestview Partners is seeking a buyer for Key Safety Systems, a supplier of airbags, seatbelt systems and other car safety components that could be valued at more than $800 million, according to several people familiar with the matter, sister news service Reuters reported.
2 min read · 11 October 2013
