Sun Capital Partners plans to merge five of its plastic packaging portfolio companies to form what it says will be the sixth-largest plastic packaging company in the world. The new company, which will be called Exopack Holdings Sarl, will be created by merging its Exopack, Kobusch, Britton, Paragon and Paccor businesses, the company said in a filing with U.S. regulators on Wednesday, sister news service Reuters reported.
2 min read · 02 May 2013
3 min read · 02 May 2013
2 min read · 02 May 2013
OMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System, is considering the sale of United States Infrastructure Corp. (USIC) in a deal that could value the company at around US$800 million, reports Reuters. Three people "familiar with the matter" said that OMERS has hired Barclays Plc and Harris Williams & Co to explore the possibility of selling the Indianapolis, Indiana-based infrastructure services company, which maintains the underground cables of telecommunications, power and water utilities. OMERS acquired USIC from U.S.-based buyout firm Kohlberg & Company in 2011.
1 min read · 01 May 2013
The previously announced sale of Vancouver's Wilkinson Steel and Metals Inc., a portfolio company of British private equity firm Nova Capital Management, to Samuel, Son & Co. Ltd. has been closed. Terms of the deal were not released. Wilkinson, a steel and metal service center business, was acquired by Nova Capital in 2011 along with other businesses owned by Premetalco Inc. The Mississauga-based Samuel is a processor and distributor of carbon steel, stainless steel, and aluminum.
2 min read · 01 May 2013
Ottawa-based Granite Networks Inc., which manages a data centre in Ottawa and Eastern Ontario designed to meet Tier 3 and LEED standards, has closed a $2 million financing. According to the Ottawa Business Journal, the deal was led by Capital Angel Network, an angel organization in the Ottawa-Gatineau region. Investment proceeds will allow Granite to increase staffing, expand cloud offerings and accelerate a program of industry and government sponsored certifications.
3 min read · 01 May 2013
Ostara Nutrient Recovery Technologies Inc. has raised US$13 million in an financing round led by Wheatsheaf Investments and including participation from Ostara Board chairman Fredric “Fritz” Corrigan and existing investors VantagePoint Capital and Frog Capital. . Based in Vancouver, Ostara is a clean water company that provides phosphorus management solutions to municipalities, private industry and farmers.
5 min read · 01 May 2013
DW Healthcare Partners (DWHP), a healthcare-focused private equity firm with offices in Toronto, Ontario and Park City, Utah, has made an undisclosed investment in Med-Pharmex Inc.of Pomona, California. Med-Pharmex is focused on pharmaceutical research, formulation, and manufacturing in the animal health industry, and operates three manufacturing facilities. DWHP is currently investing its third fund, closed at $265 million in February 2013.
2 min read · 01 May 2013
Celator Pharmaceuticals Inc., clinical-stage biopharmaceuticals company focused on cancer treatment, has raised US$32.5 million in the final closing of a private placement of common stock and warrants to purchase common stock. The deal was led by U.S. venture capital firm Valence Life Sciences. Celator, which has offices in Vancouver and Princeton, New Jersey, has been venture-backed since 2002. Its other investors include BDC Venture Capital, Domain Associates, GrowthWorks, Hearthstone Investment, Quaker BioVentures, TL Ventures and Ventures West Capital.
4 min read · 01 May 2013
REBgold Corp., a Toronto-based company which acquires and develops interests in gold assets, has close the first tranche of an investment received from British mining-focused private investment firm Baker Steel Capital Managers. The investment is part of a deal valued up to $2.5 million. REBgold will use the proceeds to investigate new opportunities, to continue investing in gold projects in Finland, and for working capital.
2 min read · 01 May 2013
