4 min read · 29 July 2013
Golf and country clubs operator ClubCorp Holdings filed with U.S. regulators to raise up to $100 million in an initial public offering of its shares.
1 min read · 29 July 2013
Lucas Meyer Cosmetics, a subsidiary of Québec City-based Unipex Group, is buying the portfolio of cosmetic ingredients and related IP rights of Biopharmacopae Design International from the company's Canadian venture backer, Avrio Capital. The acquisition price was not disclosed. Unipex, which specializes in active ingredients, specialty chemicals and other chemical products, has been owned by European private equity firm IK Investment Partners since 2012. Québec City's Biopharmacopae has been backed by Avrio since 2008.
4 min read · 26 July 2013
Bare Fruit LLC, a Walnut, California-based provider of healthy snacks, including Bare Fruit Apple Chips, has raised US$9.25 million in a financing round led by U.S. venture capital firm NGEN Partners. Co-investing in the deal was Canadian venture capital firm Avrio Capital, as well as Silas Capital. Investment proceeds will be used to expand the company's capacity, add to its management team and fund working capital.
2 min read · 26 July 2013
Teachers' Private Capital, the investment arm of Ontario Teachers' Pension Plan, is among a number of private equity firms interested in buying Austrian refrigeration manufacturer AHT Cooling Systems GmbH, banking sources told Reuters. The seller, German private equity firm Quadriga Capital, which acquired AHT in 2007, is asking for approximately 500 million euros (US $659.7 million) for the company. Teachers, U.K.-based Bridgepoint, and Sweden's EQT were all said to have made it through to a second round of bidding in mid-August.
1 min read · 26 July 2013
Bell Canada has called on federal authorities to address regulatory loopholes that allow U.S.-based Verizon Communications Inc. to purchase small Canadian wireless companies, such as Mobilicity, a.k.a. Data & Audio-Visual Enterprises Wireless Inc.,. for "fire-sale prices," while preventing domestic carriers from making these buys. Reuters earlier this month reported that Mobilicity was in talks with Verizon about a potential acquisition. The company has been backed by U.S. private equity firm Quadrangle Capital Partners since 2008.
6 min read · 26 July 2013
Renewable power producer Innergex Renewable Energy Inc. (TSX: INE) has completed its previously announced $28.6 million acquisition of the Magpie 40.6 MW run-of-river hydroelectric facility located in northeastern Québec. The facility was bought from Hydromega Group of Companies. Founded in 1990, the Longueuil-based Innergex is a portfolio company of Canadian pension fund manager the Caisse de dépôt et placement du Québec.
7 min read · 26 July 2013
Toronto-based Livingston International Inc., a specialist in customs brokerage and trade compliance, has agreed to purchase for an undisclosed sum the assets of Advantex Express Inc. and related U.S. entities. Advantex is a transportation services and customs brokerage company with headquarters in Mississauga, Ontario. Livingston was taken private for $324 million by Canada Pension Plan Investment Board and U.S. private equity firm Sterling Partners in 2010.
2 min read · 26 July 2013
The Carlyle Group has entered exclusive talks to buy family-owned German wood processing group Klenk Holz AG and hopes to clinch a deal this month, two people familiar with the deal told sister news service Reuters.
1 min read · 26 July 2013
Global industrial manufacturer Gardner Denver this week raised $2.825 billion in leveraged loans to fund its acquisition by private equity sponsor Kohlberg Kravis Roberts & Co, sister service Thomson Reuters Loan Pricing Corp reported. Hefty demand for the loans sent yields on both the U.S. dollar and euro tranches below 5 percent, with the U.S. dollar TLB upsized by $100 million.
3 min read · 26 July 2013
