Integrated Private Debt Corp., the private corporate debt group of Integrated Asset Management Corp. (IAM), said Tuesday that it has raised $307 million in the first closing of its fourth fund, Integrated Private Debt Fund IV (IPD Fund IV). The fund will focus on investing in mid-market Canadian borrowers. Based in Toronto, IAM is an alternative assets management company. Update: IPD Fund IV will be open for additional capital commitments until October 2013.
2 min read · 30 July 2013
TPG Capital LP, Warburg Pincus LLC, Ares Management LLC and Berkshire Partners LLC are competing for building products maker CPG International Inc, whose sale could fetch as much as $1.5 billion, four people familiar with the matter told sister news service Reuters.
2 min read · 29 July 2013
Pearson has put Mergermarket up for sale, in a deal that will likely attract both private equity and strategics, sister website peHUB reported.
2 min read · 29 July 2013
1 min read · 29 July 2013
Textbookrental.ca Inc. has raised $415,000 in seed-stage funding. Seek Capital led the financing round with the participation of management. Based in Toronto, Textbookrental.ca rents and sells textbooks to college and university students in Canada. Update: Established in 2011, the company was previously financed by its post-secondary graduate and student founders.
2 min read · 29 July 2013
Counsel RB Capital has entered into mutual separation and transition agreements with each of its departing co-CEOs Adam Reich and Jonathan Reich, both of whom resigned effective June 30, 2013. According to the agreements, both relinquished 400,000 shares of common stock that each held in the company; however, each will retain their initial equity stake in the company. Ross Dove and Kirk Dove, managing partners of Counsel RB’s subsidiary, Heritage Global Partners, are now leading the company's operations, while Ken Mann will continue to lead Counsel RB’s Equity Partners subsidiary. Also, the company's board has approved a proposal to change its name to Heritage Global. Based in Toronto, Counsel RB Capital is a provider of distressed and surplus capital asset transactions.
3 min read · 29 July 2013
In the coming weeks, Canada will officially wade into the exciting if murky waters of crowdfunding. This September we’ll witness the launch of SVX – short for MaRS Social Venture Connexion – the private online portal that has been granted a two-year approval by the Ontario Securities Commission (OSC) to connect fund-raising Ontario businesses with investors.
4 min read · 29 July 2013
The blurry boundaries of the growth equity market inevitably lead to confusion in the market place.
4 min read · 29 July 2013
Private equity investment firm HarbourVest Partners announced on July 10 that it had raised $3.6 billion for its Dover Street VIII fund, more than originally targeted due to strong demand.
1 min read · 29 July 2013
A federal judge is allowing investors to pursue a closely watched lawsuit accusing several of the world’s largest private equity firms of colluding to depress prices on companies they sought to buy, sister news service Reuters reported.
3 min read · 29 July 2013
