H&R Real Estate Investment Trust has completed its acquisition of Canadian shopping mall owner Primaris Retail Real Estate Investment Trust. Under the terms of the deal, which sees H&R and a consortium led by real estate-focused private equity firm KingSett Capital effectively divide Primaris assets, the KingSett consortium will acquire 17 Primaris properties. The entire transaction has been estimated at approximately C$5 billion.
5 min read · 09 April 2013
Calgary-based Anterra Energy Inc., an energy exploration, development and production company, has received C$7 million in financing from an investment affiliate of LandOcean Energy Services Co. Ltd. of Beijing, China. In conjunction with the financing, Anterra has agreed to give priority to LandOcean for its exploration and production technical services. LandOcean is currently a portfolio company of Chinese private equity firm Fortune Capital.
3 min read · 09 April 2013
Brian Wong has joined CrossPacific Capital Partners (XPCP), a Vancouver, British Columbia-based venture capital firm, as an advisor. Wong, who founded and was CEO of the mobile game and ad network KIIP Inc., will be focused on internet, gaming, social media, and mobile opportunities for XPCP, which started operations in September, 2012. The firm's founder and managing partner is Frank Christiaens.
3 min read · 09 April 2013
The Carlyle Group LP said Tuesday that the overall value of its carry funds grew by 7 percent in the first quarter. Over the last 12 months, the overall portfolio gained 11 percent in value, the Washington, D.C., mega-firm said in a preliminary report on its quarterly performance.
1 min read · 09 April 2013
Pittsburgh-based Incline Equity Partners, a lower mid-market private equity firm, has sold The Orthotic Group to Frazier Healthcare Ventures. The Orthotic Group, based in Markham, Ontario, is a manufacturer, marketer and distributor of custom and branded medical products that treat foot, ankle and leg related conditions and diseases. Incline Equity Partners acquired the company in 2008 and facilitated three add-on acquisitions.
2 min read · 09 April 2013
Toronto's Difference Capital announced that Jamie Brown will be joining the firm as partner. Mr. Brown has over 15 years’ experience in investment banking and management in both Canadian and U.S. capital markets. He joins Difference Capital from Canaccord Financial where he served as vice chairman and president of its U.S. division, Canaccord Genuity Inc. Difference Capital has made eight private equity investments to date in 2013.
3 min read · 09 April 2013
1 min read · 08 April 2013
Chris Arsenault of iNovia Capital speaks about his firm's new deals, how Canadian entrepreneurs increasingly "don’t fit the risk-averse, conservative stereotype of old," and the new vitality he senses in Canada’s venture industry.
5 min read · 08 April 2013
2 min read · 08 April 2013
2 min read · 08 April 2013
