Jim Leech, retiring president and CEO of Ontario Teachers' Pension Plan, has announced a number of senior leadership changes in the investment division as a result of a strategic review. Jane Rowe, senior vice-president, Teachers' Private Capital, has been given additional responsibilities for the organization's international growth strategy, and for the Long Term Equities group. She will also replace Ron Mock on the board of real estate subsidiary Cadillac Fairview. Additionally, Andrew Claerhout has been promoted to senior vice-president, infrastructure.
3 min read · 09 September 2013
DRI Capital, a Canadian private equity firm which invests in healthcare royalties, has raised US$1.45 billion in the final close of its third partnership, Drug Royalty III. Capital commitments surpassed Fund III's target, as well as the US$926 million raised by Drug Royalty II in 2010. Along with available debt, the firm's latest partnership will give it US$3 billion of purchasing power to acquire royalties from pharmaceutical and biotechnology companies, research institutions, universities and inventors. The Toronto-based DRI, which celebrates its 20th anniversary this year, completed over $600 million in deals in 2012.
3 min read · 09 September 2013
DFW Capital Partners, which is currently out fundraising for its fourth fund, has put SoftWriters up for sale, according to banking and private equity sources, sister publication peHUB reported.
2 min read · 09 September 2013
Desire2Learn Inc., a Waterloo, Ontario-based education technology platform that is backed by New Enterprise Associates and OMERS Ventures, has acquired Knowillage Systems Inc. No financial terms were disclosed. Based in Richmond, British Columbia, Knowillage Systems is a provider of adaptive learning solutions. Update: The Knowillage acquisition is Desire2Learn's third since it received $80 million in venture capital financing in September 2012. Please see peHUB Canada's feature story about Desire2Learn here.
3 min read · 09 September 2013
Food services provider Aramark Holdings Corp, which was taken private for $8.3 billion in 2006 by chairman Joseph Neubauer and private equity investors including GS Capital Partners, JP Morgan Partners and Warburg Pincus, filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock.
1 min read · 09 September 2013
A consortium of Ares Management LLC and the Canada Pension Plan Investment Board reached a deal to buy luxury U.S. retailer Neiman Marcus Inc for $6 billion from a group of investors led by private equity firms TPG Capital LP and Warburg Pincus LLC, sister news service Reuters reported.
3 min read · 09 September 2013
Golf club operator ClubCorp Holdings Inc, owned by private equity firm KSL Capital Partners LLC, said it expects its IPO to be priced at $16 to $18 per share, implying a valuation of up to $1.11 billion for the company, sister news service Reuters reported.
1 min read · 09 September 2013
Activist investor Carl Icahn ended his months-long effort to block Michael Dell’s $25 billion offer to take Dell Inc private, smoothing the way for the largest buyout since the financial crisis, Reuters reported.
3 min read · 09 September 2013
Johnson & Johnson has launched a sale process for its Ortho Clinical Diagnostics unit, which makes blood screening equipment and laboratoryblood tests and could fetch around $5 billion, three people familiar with the matter said earlier this month, according to sister news service Reuters.
2 min read · 09 September 2013
There's a Canadian on the exec team of every important tech giant, and if you don’t know who it is, you have to look deeper. These Canadians are CEOs, CFOs and CTOs. They are sitting in board meetings, driving innovative products that are having global impact – and increasingly, helping fellow Canadian entrepreneurs. The C100, the non-profit volunteer organization founded in 2009, has aimed to create awareness about this seasoned Canadian tech talent – and to connect it with up-and-coming startups in Canada.
4 min read · 09 September 2013
