5 min read · 12 August 2013
4 min read · 12 August 2013
1 min read · 12 August 2013
2 min read · 12 August 2013
Vancouver-based Chevron Canada Ltd., subsidiary of U.S. oil and gas company Chevron Corp., recently agreed to purchase all interests from Alta Energy Luxembourg and affiliates in the Duvernay shale formation in west-central Alberta. While the acquisition price was not disclosed, one estimate places it at close to US$1 billion. Houston, Texas-based Alta Energy Partners has been backed by U.S. private equity firm Blackstone Group since 2011. Torys LLP represented Alta and Blackstone in the August 2013 transaction.
3 min read · 11 August 2013
Enterprise mobile healthcare platform Diversinet Corp. (TSX Venture: DIV, OTCQB: DVNTF) has agreed to sell all of its intellectual property, software, customer contracts and other assets to IMS Health Inc. for $3.5 million. Shareholders in the Toronto-based company will be asked to approve the deal at a meeting scheduled for September. IMS Health, a Danbury, Connecticut-based provider of healthcare information, services and technology, was in 2010 acquired for US$5.9 billion by TPG Capital, Canada Pension Plan Investment Board and Leonard Green & Partners.
5 min read · 09 August 2013
Smartphone maker BlackBerry Ltd. is considering the possibility of going private, writes Reuters, citing several sources. While no deal is imminent, president and CEO Thorsten Heins and the company's board are coming around to the idea. Private equity firms have "circled the company for more than two years", but have yet to "figure out ways to structure a deal", writes Reuters. The Waterloo, Ontario-based BlackBerry has recently had collaborative talks with Silver Lake Partners, one source says, but these have not involved a potential buyout.
3 min read · 09 August 2013
Midland Cogeneration Venture, a portfolio company of Borealis Infrastructure, has named Pete Milojevic as its new president and CEO. He will be replacing Roger Kelley. Prior to joining MCV, Milojevic served as senior vice president at Canada-based Bruce Power LP. Based in Midland, Michigan, MCV is a natural gas-fired cogeneration plant. Borealis is a Toronto-based investment firm affiliated with the Ontario Municipal Employees Retirement System. Update: Last month, the Global Strategic Investment Alliance acquired a one-third stake in MCV for over US$2 billion.
2 min read · 09 August 2013
A growing number of buyout shops are seeking more time to invest giant funds raised at last decade’s market peak before the financial crisis, sister website peHUB reported, as TPG Capital became the latest firm to secure an extension.
3 min read · 09 August 2013
BlackBerry Ltd is warming up to the possibility of going private, as the smartphone maker battles to revive its fortunes, several sources familiar with the situation told sister news service Reuters.
3 min read · 09 August 2013
