The world famous Harlem Globetrotters exhibition basketball team has been sold to theme park operator Herschend Family Entertainment, the company announced on Tuesday, sister news service Reuters reported.
1 min read · 01 October 2013
Manulife Asset Management said Tuesday that it has named Richard J. Bonzagni to its global consultant relations team. The appointment became effective September 23, 2013. Bonzagni, a managing director based in Boston, reports to Brian E. Torrisi, senior managing director and global head of consultant relations. Previously, Bonzagni worked at Cadence Capital Management. Based in Toronto, Manulife Asset Management is the global asset management unit of Manulife Financial.
3 min read · 01 October 2013
OMERS Ventures has hired Jim Orlando as managing director. In his new position,Orlando will oversee investment activity in the North American market focusing on the technology, media, and telecommunications sectors. Previously, Orlando worked at OMERS Private Equity where he also served as a managing director. Based in Toronto, OMERS Ventures is the venture capital division of the Ontario Municipal Employees Retirement System. Update: Joining Orlando as managing director is Kevin Kimsa, who previously held the position of venture partner at the firm.
2 min read · 01 October 2013
Republic Airways Holdings Inc said it would sell Frontier Airlines to private equity firm Indigo Partners LLC in a deal valued at about $145 million, sister news service Reuters reported.
1 min read · 01 October 2013
Some of the world’s largest private equity firms have made preliminary offers for Johnson & Johnson’s Ortho Clinical Diagnostics unit, which makes blood screening equipment and laboratory blood tests and could fetch around $5 billion, several people familiar with the matter said late Monday, sister news service Reuters news reported.
2 min read · 01 October 2013
Britain’s Tesco Plc put its U.S. grocery store chain into bankruptcy as part of a plan to sell most of the 167 stores to a private equity firm led by billionaire Ron Burkle, sister news service Reuters reported.
2 min read · 30 September 2013
Canadian specialty finance company Difference Capital Financial (TSXV:DCF) has invested $2 million in Carta Solutions Holding Corp, which specializes in electronic payments and transaction processing technology. This deal has resulted in Difference Capital holding a 5 percent stake in the business. Investment proceeds are intended to support the growth of the Oakville, Ontario-based Carta Solutions in the mobile payments sector.
4 min read · 30 September 2013
Oakville, Ontario-based Skura Corp, a sales technology solutions company, has secured a $3 million investment from venture capital and private equity firm BEST Funds. Investment proceeds will allow the company to expand internationally, increase sales and marketing, and improve customer service. The Toronto-based BEST Funds has been highly active in 2013, so far doing 14 deals involving such enterprises as AccuityAds, Intelligent Mechatronic Systems and TeamBuy.
2 min read · 30 September 2013
Renewable power producer Pattern Energy Group LP, which has its U.S. headquarters in San Francisco and its Canadian office in Toronto, has raised $352 million after pricing its offering at $22 per share, just above its expected price range of $19-$21. Pattern owns and operates wind power projects, and has an interest in eight projects located in the United States, Canada and Chile. With the backing of U.S. private equity firm Riverstone Holdings, the business was formed in 2009 from the wind development portfolio of Babcock & Brown's North American Energy Group.
2 min read · 30 September 2013
ZipLocal Inc (NEX: ZIP.H) intends to raise up to $15 million through a brokered private placement that is expected to close before the end of October. Concurrent with this transaction, the company is undertaking a proposed change of business which will see it renamed BoB Ventures Inc. ZipLocal has been a Toronto-based listed shell company since its advertising platform assets were acquired by Canpages Inc in 2009. The current company's leading shareholder is Canadian venture capital firm Relay Ventures.
9 min read · 30 September 2013
