CVC Capital Partners has acquired a majority ownership of Cunningham Lindsey Group from existing shareholders Stone Point Capital and Fairfax Financial Holdings. Stone Point and Fairfax, along with the management team, will remain “substantial and active shareholders,” the company said. Terms were not disclosed.
3 min read · 11 December 2012
Prism Medical Ltd., a provider of durable medical equipment and related services to the mobility disadvantaged, announced an agreement to buy the manufacturing assets of Burnsville, Minn.-based MedCare Products Inc. As part of the same transaction, Mississauga-based Prism will for 10 years be an exclusive supplier to MedCare's on-going business. Since 2004, Prism has been backed by private equity investor Yellow Point Equity Partners.
4 min read · 11 December 2012
Pacific Rubiales Energy Corp., a Canadian-based producer of natural gas and heavy crude oil, announced it will purchase C&C Energia Ltd. According to Reuters, the $500 million transaction will expand exploration and development capacity in Columbia, where both firms have operations. The acquisition is expected to be completed in 2013. C&C Energia has in past received investment from Calgary-based private equity firm 32 Degrees Capital.
5 min read · 11 December 2012
GI Partners is preliminary discussions with its investors about raising its fourth flagship buyout fund, a source familiar with the firm’s plans told Buyouts. The firm is likely to seek $1.5 billion for the fund.
2 min read · 10 December 2012
In its second retail-focused deal this month, Canadian mid-market buyout firm Novacap announced it has acquired a stake in Pipp Mobile Storage Systems Inc., a provider of management solutions for customer-specific storage needs. Walker, Michigan-based Pipp Mobile was sold to Novacap by Chicago private equity investor Prospect Partners, which acquired the company in 2005. Last week, Novacap entered into an agreement to acquire Saint-Laurent, Québec-based luggage retailer Bentley Leathers Inc.
3 min read · 10 December 2012
1 min read · 10 December 2012
J.C. Flowers & Co. LLC is trying to rebuild its reputation after its second and largest fund got caught in the wrong industry at the wrong time.
7 min read · 10 December 2012
2 min read · 10 December 2012
1 min read · 10 December 2012
2 min read · 10 December 2012
