TimberRock Energy Corp., a Calgary, Alberta-based oil and gas producer, announced it has acquired Calgary-based All Points Energy Ltd. for an undisclosed amount. In conjunction with this event, Canadian private equity investor KERN Partners, the previous owner of All Points Energy, has made a new investment in TimberRock. The amount of the investment was undisclosed.
2 min read · 29 November 2012
An overview of Canada’s buyout and private equity market in Q3 2012, produced by Thomson Reuters for Canada’s Venture Capital & Private Equity Association
1 min read · 28 November 2012
Inventis Investment Holdings (China) Ltd, one of China’s oldest private equity firms, hopes it can succeed where the country’s state-owned giants have failed in buying stakes in North American energy companies, the company’s CEO told sister news service Reuters.
3 min read · 28 November 2012
Bullhorn said it acquired Vancouver-based MaxHire Solutions and St. Louis-based Sendouts. The recruiting software developer said the MaxHire and Sendouts buys would help bring new features and capabilities to its products. Both targets will maintain their current product lines.
3 min read · 28 November 2012
FGL Sports Ltd., a subsidiary of Toronto-based Canadian Tire Corp., has agreed to pay C$85 million for Laval, Québec-based Pro Hockey Life Sporting Goods Inc., which owns a chain of specialty hockey retail stores located across Canada. The acquisition is expected to close in the early part of 2013. Pro Hockey Life has been backed by Canadian private equity investor Champlain Financial Corp., which first invested in the company in 2007. Champlain's investment partners included Fondaction (CSN).
3 min read · 28 November 2012
SkyTrac Systems Ltd., a provider of satellite-based aircraft flight-following systems based in Kelowna, B.C., announced the company's sale to a group of senior managers and investors. Among the participants in the acquisition was Canadian private equity investor Roynat Equity Partners. The financial terms of the transaction were not disclosed.
3 min read · 28 November 2012
Ontario Teachers' Pension Plan will acquire Plano Molding Company Inc., a supplier of outdoor sports storage systems. Terms were not released. Teachers’ is making the acquisition through its private equity division, Teachers' Private Capital.
2 min read · 28 November 2012
The Carlyle Group has closed an energy-focused mezzanine investment fund, the first energy-focused fund raised solely by the Washington, D.C.-based company in its 25-year history and the latest development in its continued push into the energy sector following its separation from Riverstone Holdings LLC.
3 min read · 27 November 2012
Reuters reports that Canadian firm ConAgra Foods Inc. has completed its acquisition of Ralcorp Holdings Inc. for US$5 billion. The deal, which makes ConAgra a top North American producer of store-branded foods, comes just months after ConAgra's buy of Toronto-based Del Monte Canada Inc. from Sun Capital Partners and EG Capital Group.
3 min read · 27 November 2012
Oculus Ventures has announced the resignation of Mark Newman as a director and CFO of the company. Newman is replaced as CFO by Darren Devine.
1 min read · 27 November 2012
