3 min read · 03 December 2012
Sophiris Bio has appointed Noah Knauf as a director of the company. Knauf replaces Jonathan Leff, who has resigned as a director, as a Warburg Pincus nominee director. Knauf focuses on healthcare and life sciences as an investment professional at Warburg Pincus. Prior to joining Warburg Pincus, he was an associate at Parthenon Capital and a consultant with Bain & Company.
3 min read · 03 December 2012
Ares Management LLC has launched a closed-end fund earmarked for high-yield corporate debt.
2 min read · 30 November 2012
(Reuters) Montreal-based Cogeco Cable Inc. announced that it has completed the acquisition of Atlantic Broadband from ABRY Partners which was announced on July 18, 2012. Formed in 2003, Atlantic Broadband operates cable systems in Western Pennsylvania, Southern Florida, Maryland, Delaware and South Carolina.
1 min read · 30 November 2012
Ontario Teachers’ Pension Plan plans to open its first Asia office next year in Hong Kong, with as many as 10 staff, a source with knowledge of the matter told sister news service Reuters, as it targets higher returns from direct investments in the region.
2 min read · 30 November 2012
Ontario Teachers' Pension Plan, a leading Canadian pension fund, plans to open its first Asia office next year in Hong Kong, with as many as 10 staff, as it targets higher returns from direct investments in the region, Reuters reported. Teachers' is one of the world's largest investors into private equity firms, and is increasingly active in direct investing in deals, and the move to set up only its second office outside Canada underscores the significance of Asia to influential pension fund managers.
3 min read · 30 November 2012
Thomas H. Lee Partners’s aggressive build-up of inVentiv Health Inc. appears to have hit some headwinds, with a debt load and other factors causing a ratings agency to downgrade the Somerset, N.J.-based company.
2 min read · 29 November 2012
Yesterday, New York-based CDJ Global Catalyst, the largest shareholder of Toronto, Ontario-based C.A. Bancorp, said it intends to make an all-cash offer to acquire all of the issued and outstanding shares of the publicly traded merchant bank, for roughly $38.65 million. Today, C.A. Bancorp's board announced that it "will consider" the unsolicited offer and "will communicate with C.A. Bancorp shareholders if and when the offer is formally made."
2 min read · 29 November 2012
Norwest Equity Partners scored its second exit in less than two months on Nov. 28, selling biological seed technology developer Becker Underwood to Germany-based global chemical company BASF for $1.02 billion.
2 min read · 29 November 2012
Fulcrum Capital Partners announced it has provided mezzanine financing to Helical Pier Systems Ltd. of Edmonton, Alberta, which offers engineering, manufacturing, installation, equipment design and creation and distribution for helical piling products. The debt financing, which will support Helical's continued growth, was done in partnership with HSBC Bank Canada. The Helical financing represents Fulcrum's fifth disclosed deal this year.
2 min read · 29 November 2012
