Altamont Capital Partners on Dec. 20 bought Tacala LLC, a franchisee of Taco Bell restaurants, and a related company, Boom Foods LLC, a franchisee of Sonic drive-in restaurants, firm co-founder Jesse Rogers told Buyouts.
2 min read · 20 December 2012
The Carlyle Group has acquired a 47.5 percent stake in energy investor NGP Energy Capital Management for $424 million to boost its natural resources investments. Carlyle will buy the 40 percent stake owned by Barclays Natural Resource Investments, and rest from NGP’s management.
1 min read · 20 December 2012
The world’s biggest private equity firms, including The Blackstone Group and Kohlberg Kravis Roberts & Co., told a judge on Tuesday, Dec. 18 they competed fairly and feverishly for multibillion-dollar takeovers even though some investors of the acquired businesses argue that they colluded to drive down prices and split up deals, according to sister news service Reuters.
3 min read · 19 December 2012
Pala Investments, a Swiss private equity firm focused on investments in the global mining sector, has extended an offer to Melior Resources Inc to acquire all outstanding common shares of the publicly-listed company. Pala has also increased its existing stake in the Toronto-based Melior to approximately 54.5 percent. Pala has made numerous investments in Canadian mining businesses in recent years.
3 min read · 18 December 2012
Cycle Capital Management (CCM), a Montréal, Québec-based venture capital firm focused on early-stage clean technology and renewable energy opportunities, has hired Claude Vachet as managing partner. Vachet has over 22 years of experience of investing in, and managing the growth of, entrepreneurial companies. Prior roles include serving as MD at Kirchner Private Capital Group and managing partner at Multiple Capital. Earlier in 2012, CCM launched its latest partnership: Cycle Capital Fund III.
2 min read · 18 December 2012
Swiss commodities producer Glencore International plc has completed its deal for Viterra Inc., an agri-products and food ingredients company based in Regina, Saskatchewan. The deal is expected to be worth C$6.1 billion. Glencore also announced key changes in management resulting from the Viterra acquisition. Past investors in Viterra have included Alberta Investment Management Corp. and James Richardson & Sons Ltd.
4 min read · 18 December 2012
Kohlberg Kravis Roberts & Co. has finished raising $6 billion for its second pan-Asia fund, sources told sister news service Reuters, in the largest private equity pool ever assembled for the region, with strong demand from pension funds and endowments seeking emerging market returns.
3 min read · 18 December 2012
Following pressure from a major investor, U.S. private equity firm Cerberus Capital Management is selling gunmaker Freedom Group, whose Bushmaster AR-15 rifle was used in the Connecticut school massacre. The California State Teachers’ Retirement System had said it was reviewing its investment with Cerberus in the wake of the shooting, in which a gunman killed 20 children and six adults at Sandy Hook Elementary School in Newtown and then took his own life.
3 min read · 18 December 2012
3 min read · 18 December 2012
The Hillman Companies Inc. will pay C$27.60 ($28) per share for H. Paulin & Co., a Canadian distributor and manufacturer of fasteners, fluid system products, automotive parts and retail hardware components. The deal has a total enterprise value of approximately C$103 million ($104.6 million). Cincinnati-based Hillman is owned by Oak Hill Capital Partners. The company is a distributor of approximately fasteners, key duplication systems, engraved tags and related hardware items.
4 min read · 18 December 2012
