Montréal-based Medisys Corporate Health LP, a provider of preventative, diagnostic and consultative healthcare services to corporations, has acquired Plexo Inc., which operates medical centres throughout Québec. The financial details of the transaction were not published. Medisys has been a portfolio company of Persistence Capital Partners (PCP), a healthcare-focused private equity firm, since 2008.
2 min read · 26 April 2013
Niska Gas Storage Partners LLC, an owner and operator of natural gas storage with offices in Calgary, Alberta and Houston, Texas, recently completed an equity restructuring with private equity backer Carlyle/Riverstone Energy Holdings. As a result of the restructuring, Carlyle/Riverstone's ownership of the company (excluding previous and new incentive distribution rights) decreased from 74.9% to 50.3%. Carlyle/Riverstone acquired Niska, formerly a division of EnCana Corp. for $1.7 billion in 2006.
4 min read · 26 April 2013
The previously-announced deal to privatize Toronto-based Angoss Software Corp. has been confirmed by the company's investors. Based on the terms of the original agreement, U.S. private equity firm Peterson Partners has acquired all of the shares of Angoss at $0.525 per share, or approximately $5.4 million. Angoss delivers predictive analytics to businesses.
3 min read · 26 April 2013
Montréal-based FITTnLEAN, a start-up company affiliated with commercialization centre Gestion Valeo sec, has secured funding totaling $1 million from U.S. private equity and venture capital firm Partner One Capital. The Montréal-based FITTnLEAN has developed Adipotronics, a patented targeted fat loss technology, to be launched in late 2013. Gestion Valeo commercializes research initiatives of Québec-based post-secondary institutions.
2 min read · 26 April 2013
Toronto-based Gale Force Petroleum Inc., a company which acquires and exploits undervalued oil and gas reserves in mature basins, has received a message of concern from its backer Iroquois Capital Opportunity (ICO) Fund, an oil and gas-focused private equity firm based in New York. Due to the company's "severe underperformance" IOC Fund has urged discussions of "significant" changes to Gale's management and board. IOC Fund invested in Gale Force in 2011.
8 min read · 25 April 2013
MaRS Discovery District announced that Euan Robertson has been appointed as its president and COO. Mr. Robertson joins MaRS from the New York City Economic Development Corp., where he held the position of executive vice president, and the Center for Economic Transformation, where he served as managing director. MaRS Discovery District is an innovation centre located in Toronto and manages several venture capital funds.
4 min read · 25 April 2013
Ringo Holding LP, an Ontario-based partnership owned by South American private equity firm Southern Cross Group, has acquired securities of Estrella International Energy Services Ltd. at a price of $0.15 per unit, for an aggregate purchase price of $25 million. Estrella, an oil and gas business with primary operations in Columbia and other South American countries, has been a portfolio investment of Southern Cross since 2011.
3 min read · 25 April 2013
Vancouver-based Pacific Potash Corp., a company focused on exploration and development of the Amazonas Basin Project and the surrounding potash claims, has as part of a private placement received an equity investment totaling $1 million from Sino-Canada Natural Resources Fund I. The Sino-Canada fund, which is managed by CapitalAsia, makes private equity investments in Canadian resource extraction companies on behalf of Chinese investors.
3 min read · 25 April 2013
Toronto-based Authentic Brands Group LLC, a portfolio company of private equity firms Leonard Green & Partners and Knight's Bridge Capital Partners since 2010, has completed a co-investment with Waitt Company to acquire fashion brands Judith Leiber, Adrienne Vittadini and Taryn Rose. Financial terms of the acquisitions from Schottenstein Luxury Group were undisclosed. Authentic Brands is an intellectual property company focused on acquiring and managing prominent consumer brands.
2 min read · 25 April 2013
Ontario Teachers' Pension Plan has completed its previously announced acquisition of SeaCube Container Leasing Ltd., a Park Ridge, New Jersey-based company that acquires, owns, manages and leases containers used in global containerized cargo trade. SeaCube shareholders received US$23.00 per share in cash, for a final total equity value of US$469.5 million and an enterprise value of US$1.8 billion.
2 min read · 25 April 2013
