Brad Meikle

High Road Closes In On $300M For Fund II

High Road Capital is nearing the $300 million target of its popular second fund, according an SEC filing to a placement source to sister website peHUB.

ConvaTec Sets $779M Dividend For Sponsors

The dividend train continues, and this time it’s ConvaTec which is paying out a large distribution, sister website peHUB reported.

Barclays Boosts 2013 Loan Forecast

Barclays increased its 2013 U.S. leveraged loan issuance forecast by $110 billion to $115 billion in August, sister service Thomson Reuters Loan Pricing Corp reported, citing robust demand for the asset class in a rising interest rate environment.

Heinz To Cut 600 Jobs After Buyout

H.J. Heinz Co, the world’s largest ketchup maker, said it plans to eliminate 600 jobs across North America. The move follows the $28 billion sale of the company to Warren Buffett’s Berkshire Hathaway Inc and private equity firm 3G Capital earlier this year.

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Argex Titanium Closes $5M Financing With Ressources Québec

Montréal-based Argex Titanium Inc. (TSXV: RGX), a near-term producer of titanium dioxide (TiO2) used in paints and other applications, has competed a $5 million financing transaction with Ressources Québec, a subsidiary of Investissement Québec. A second $5 million deal involving an unidentified U.S. investment fund manager is expected to close in September. Ressources Québec was established in 2012 to invest in mining development and hydrocarbon sectors.

PE-Backed Logibec Buys Clinical Software Company ReaEvolution

Montréal-based healthcare IT company Logibec Groupe Informatique Ltd. has bought for an undisclosed amount ReaEvolution Inc., a specialist in medical charting and clinical decision support solutions for pre-hospital and emergency care. The deal follows the company's acquisition of Artefact from IBM in 2012. Logibec was taken private in 2010 by OMERS Private Equity for $237 million. Société générale de financement du Québec, an investment arm of the Québec government, was a minority investor in the 2010 transaction.