Riverstone Holdings LLC has secured $7.7 billion from investors for its latest fund, the first the energy-focused private equity firm has raised since ending a collaboration with peer The Carlyle Group LP.
1 min read · 19 June 2013
2 min read · 18 June 2013
2 min read · 18 June 2013
Canadian buyout firm Onex Corp. has completed its acquisition of Nielsen Expositions from parent organization Nielsen Holdings N.V. for US$950 million in cash. The San Juan Capistrano, California-based company, which has been renamed Emerald Expositions Inc., operates more than 65 business-to-business trade shows and conference events every year. Onex Partners III, Onex's US$4.7 billion third-party fund, made an equity investment of approximately US$350 million in the deal.
3 min read · 18 June 2013
Ottawa-based Mitel Networks Corp. has acquired for approximately $20 million its supplier prairieFyre Software Inc., an Ottawa company focused on contact center, business analytics, and workforce optimization software. Mitel, a publicly-listed provider of communications software, has since 2007 been backed by U.S. technology-focused private equity firm Francisco Partners. The company is also backed by Canadian private equity firm Wesley Clover International Corp.
4 min read · 18 June 2013
Joel Pinel, the owner of Moosejaw, Saskatchewan-based WOW Factor Media, a print media design and marketing company, has won the 2013 BDC Young Entrepreneur Award, sponsored by the Business Development Bank of Canada. The award, which comes with a $100,000 grand prize, was won by Pinel for his Equipment Edge project. The public selected the winning project from among nine finalists through online voting.
3 min read · 18 June 2013
Toronto-based Pure Energies Group, a company which supports the adoption by homeowners of solar energy and conservation products, has secured $5 million in debt financing from Western Technology Investment, a debt and equity capital provider located in Portola Valley, California. As reported by peHUB Canada, Pure Energies earlier this year received a $6 million equity investment from U.S. venture capital firms New Enterprise Associates and NGEN Partners.
2 min read · 17 June 2013
2 min read · 17 June 2013
1 min read · 17 June 2013
Weyerhaeuser Co. has a signed definitive stock purchase agreement to acquire Longview Timber LLC from affiliates of Brookfield Asset Management for US$2.65 billion, which includes the assumption of debt. The company is acquiring approximately 645,000 acres of high-quality timberlands in Washington and Oregon that are highly complementary and contiguous with the company's existing acreage. Brookfield's private equity group acquired the timberland assets via its 2007 acquisition of Longview Fibre Co.
6 min read · 17 June 2013
