Cambridge, Ontario-based eSentire Inc., a network security company that provides threat solutions for the hedge fund industry, has secured US$7 million from U.S. venture firm Edison Ventures and existing Canadian investor VentureLink Funds, which is managed by Toronto's VL Advisors. The proceeds will be used to increase the company's sales and marketing and expand product development to address markets beyond financial services.
3 min read · 19 July 2013
Ioxus Inc. has raised US$15 million in a Series C financing led by U.S. venture capital firm The Westly Group. Co-investors included Toronto-based Northwater Capital Management, as well as Braemar Energy Ventures, Energy Technology Ventures, NRG Energy, ConocoPhillips and Aster Capital. Ioxus, based in Oneonta, New York, is a provider of ultracapacitors, hybrid-capacitors and modules for cost-effective green energy solutions.
3 min read · 19 July 2013
Mississauga, Ontario-based Colet, a label manufacturer and provider of packaging supplies, has been acquired for an undisclosed amount by the ID Technology division of Pro Mach Inc. Colet will serve as ID Technology’s first label converting and production facility in Canada. Cincinnati, Ohio-based Pro Mach is a portfolio company of U.S. private equity firm The Jordan Co., which bought the business from Odyssey Investment Partners in 2011.
3 min read · 19 July 2013
Canadian energy-focused private equity firm ARC Financial Corp. has completed its sale of Global Tubing LLC, a Dayton, Texas-based maker of coiled tubing. The buyers were U.S. private equity firm Quantum Energy Partners and Forum Energy Technologies Inc., a provider of technologies and applied products to the energy industry. The acquisition price was not disclosed.
2 min read · 19 July 2013
Northbrook, Ill.-based KapStone Paper and Packaging Corp. has completed its US$1.025 billion purchase of Longview, Wis.-based Longview Fibre Paper and Packaging Inc., which makes containerboard, corrugated containers and paper products. The deal provided an exit for Brookfield Capital Partners II, which is part of the private equity group of Toronto-based Brookfield Asset Management. Brookfield invested in Longview in April 2007.
2 min read · 19 July 2013
Canadian pension fund manager Public Sector Pension Investment Board (PSP Investments) reported an overall investment return of 10.7% for the fiscal year ended March 31, 2013, increasing total assets under management to $76.1 billion. Performance was driven primarily by results in public equity portfolios, as well as in private equity, real estate and infrastructure. PSP Investments saw a 16% return on its private equity portfolio in this period, while renewable resources gained 16.7%.
3 min read · 19 July 2013
Manna Research Inc., a provider of outpatient clinical research through its integrated site network, has acquired Québec City-based Pro-Recherche and Montréal-based Kells Medical Research Group, which operate in the same sector. Financial terms of the deal were not published. Montréal-based Manna Research is a portfolio company of Canadian healthcare-focused private equity firm Persistence Capital Partners, which earlier this year raised $90 million in the first close of Persistence Capital Partners II LP.
2 min read · 19 July 2013
GTCR LLC is exploring a potential sale of Six3 Systems Inc, which provides intelligence services to national security and defense agencies, and hopes to fetch as much as $1 billion, four people familiar with the matter told sister news service Reuters.
2 min read · 19 July 2013
The Blackstone Group and MBK Partners plan Singapore initial public offerings for assets the private equity companies separately own in Taiwan and India, sources told sister news service Reuters.
2 min read · 19 July 2013
Australia’s takeover regulator declined a request from Oaktree Capital Management and Centerbridge Partners to delay a $359 million refinancing deal surfwear for company Billabong International Ltd on antitrust concerns.
1 min read · 19 July 2013
