Toronto-based alternative assets manager Brookfield Asset Management has raised over US$14 billion in commitments for a range of private and public funds focused on infrastructure, real estate and timberland. Investors include sovereign wealth funds, pension funds, other institutional investors and high net-worth individuals. The US$4.4 billion Brookfield Strategic Real Estate Partners was among the funds closed. This fund, which targets opportunistic investments in commercial property, has already deployed US$1.1 billion, part of which went to the June acquisition of EZW Gazeley Ltd., a European logistics facilities owner.
6 min read · 25 July 2013
LiquidPiston Inc., a Bloomfield, Connecticut developer of fuel-efficient, advanced internal combustion engines, has raised a US$6.5 million Series C funding round led by Canadian venture capital firm Northwater Capital Management and U.S.-based Adams Capital Management. Northwater and Adams Capital have backed the company since its original seed-stage investment in 2007.
3 min read · 25 July 2013
Brookfield Asset Management has closed its sales of Longview Timber and Longview Fibre Paper and Packaging in two separate transactions for US$3.675 billion. Weyerhaeuser Corp. bought Longview Timber for US$2.65 billion, while KapStone Paper and Packaging purchased Longview Fibre Paper and Packaging for US$1.025 billion. Headquartered in Toronto, Brookfield is a global alternative assets manager.
2 min read · 24 July 2013
Fairway, Kansas-based C2FO, which runs a financing site for businesses, has raised US$18 million in growth funding, in a deal led by San Francisco technology investment firm Mithril. Mithril was joined by existing investors, including Canadian venture capital firm Summerhill Venture Partners, as well as Union Square Ventures and OpenAir Equity Partners. Founded in 2008, C2FO has been venture-backed since 2011.
4 min read · 23 July 2013
Black Creek, British Columbia-based Coastline Broadcasting Ltd., a regional cable television provider, has agreed to be purchased by Investel Capital Corp. for an undisclosed sum. Under the terms of the agreement, the firm will take over all of Coastline's operations at the end of July. With offices in Vancouver and Toronto, Investel is an investment fund specializing in the acquisition of distressed and underachieving telecom companies.
2 min read · 23 July 2013
As reported by Reuters, the non-disclosed acquisition by technology giant Apple Inc. of Toronto-based startup Locationary, a management and exchange platform for local business places information, provides investment exits to a number of Canadian venture capital firms. Among the company's investors are MaRS Investment Accelerator Fund, managed by MaRS Discovery District, and Trellis Capital Corp., which invested $2.5 million in Locationary in July 2011. Joining in that deal were existing investors Extreme Venture Partners and Plazacorp Ventures, as well as angel investors. Locationary was founded in 2010.
1 min read · 23 July 2013
Vancouver-based Elastic Path Software Inc., a digital commerce company, has secured $4 million in growth equity financing from Canadian venture capital firm Yaletown Venture Partners. With Yaletown's investment, the company has raised a total of $12 million over the past 60 days. In June, Elastic Path received an $8 million debt facility from specialty finance firm Wellington Financial. Investment proceeds will be used to fund business and strategic opportunities in the e-commerce software and API commerce markets.
3 min read · 23 July 2013
Hotel chain Extended Stay America Inc has filed with regulators to raise up to $100 million in an initial public offering less than three years after emerging from bankruptcy protection, sister news service Reuters reported.
1 min read · 23 July 2013
Keystone Automotive Operations, which was up for sale earlier this year, is paying out a dividend to investors, sister website peHUB reported.
2 min read · 23 July 2013
Apparel company Fifth & Pacific Cos Inc is in late-stage talks to sell its denim business Lucky Brand to private equity firm Advent International, three sources familiar with the process told sister news service Reuters.
1 min read · 23 July 2013
