One Equity Partners, the former middle-market private equity arm of JPMorgan Chase & Co, is acquiring Augusta Columbia Capital, a buyout firm focused on technology investing, according to people familiar with the matter, Reuters reported.
1 min read · 01 September 2015
Ivernia Inc (TSX: IVW) has agreed to acquire Geo Zone Exploration Ltd, a mineral exploration company with assets and properties in the United States, for about US$30 million. In connection with the transaction, Enirgi Group Corp, Ivernia's majority investor, will convert about $12.5 million of outstanding debt owed by the company to Enirgi into common shares. Upon the close of the deal, which is expected in November, Enirgi will have an 85.1 percent interest in Ivernia. Based in Toronto, Ivernia is the sole owner of the Paroo Station Mine in Western Australia. Enirgi is backed by The Sentient Group, a resource private equity firm based in the Cayman Islands.
10 min read · 01 September 2015
BR Partners, the Brazilian investment bank founded by dealmaker Ricardo Lacerda, is countering the impact of Brazil’s worst recession in 25 years by carving out a greater role as a mergers and acquisitions adviser and a provider of structured finance, Reuters reported.
2 min read · 31 August 2015
Vubiquity has bought Juice Worldwide, a digital supply chain solutions company based in Toronto. No financial terms were published. Vubiquity, which has its headquarters in Reston, Viriginia, said the transaction facilitates its strategy for expanding premium content services and global distribution capabilities by providing more content to consumers. Formerly known as Avail-TVN, Vubiquity is backed by a number of U.S. private equity and venture capital firms, including Columbia Capital, The Carlyle Group, Novak Biddle Venture Partners and Valhalla Partners. Carlyle led a US$100 million financing of the company in 2012.
3 min read · 31 August 2015
German insurer Allianz SE has joined Borealis Infrastructure, which manages investments for the Ontario Municipal Employees Retirement System, to explore a bid for London City Airport, a source told Reuters. The estimated US$3.08 billion opportunity has also attracted a bid from a consortium that includes Ontario Teachers' Pension Plan, a recent report said.
1 min read · 31 August 2015
Brookfield Asset Management made its first significant investment in Indian infrastructure, buying six road and three power projects from Gammon Infrastructure Projects Ltd, Reuters reported. A consortium of Brookfield and Core Infrastructure India Fund are buying the projects in a deal that includes a US$85 million cash payment and future undisclosed sums based on performance.
2 min read · 28 August 2015
Carlyle Group is in advanced talks about buying Innovation Group for 40 pence a share in cash, valuing its equity at almost 500 million pounds ($769 million), the British software company said on Friday, Reuters reported.
1 min read · 28 August 2015
Tricon Investment Partners (TIP), an affiliate of Canadian real estate private equity firm Tricon Capital Group, has filed a preliminary prospectus for an initial public offering of subordinate voting shares. TIP, which invests in for-sale residential developments across the United States and Canada, will be seeded by a transfer of 50 percent of Tricon's interest in Tricon Housing Partners LP, which is valued at about US$108 million. Tricon said TIP will become its "permanent growth vehicle for land and home-building investment opportunities." It will carry on and replace investment activity by the firm's private funds.
10 min read · 27 August 2015
Dalian Wanda Group, headed by China’s richest man, on Thursday said it has bought the organiser of Ironman Triathlon races for $650 million, in a diversification push that the property developer said may involve another sports purchase by year-end.
2 min read · 27 August 2015
A half dozen groups of investors from four continents have placed indicative bids for an electricity transmitter in Australia's most populous state, a source told Reuters, a milestone in a record US$12 billion privatization sale. The Caisse de dépôt et placement du Québec, Borealis Infrastructure, and Canada Pension Plan Investment Board are said to have joined consortia bidding for TransGrid and other assets.
2 min read · 27 August 2015
