1 min read · 26 November 2012
Canadian retail icon Hudson's Bay Co. (HBC) on Monday completed its initial public offering (IPO) totaling C$365.1 million, according to Reuters. The IPO follows a long period of reorganization since the company was taken private in 2006, and sold to New York PE firm NRDC Equity Partners LLC in 2008.
2 min read · 26 November 2012
Kingdom Holding Company (KHC) has acquired the recently-opened Four Seasons Hotel Toronto for C$200 million. The Saudi-owned KHC, which undertakes private equity and other types of investments worldwide, increased its interest in the Canadian hotel management sector with this buy. KHC has owned shares in Four Seasons Hotels and Resorts since the mid-1990s, and in 2006 took the company private in collaboration with Cascade Investment LLC, owned by Bill Gates, for C$4.2 billion.
2 min read · 26 November 2012
Canadian private equity company Onex Corp. will pay $2.3 billion to acquire USI, a provider of insurance brokerage services, Onex announced Monday. The deal is expected to close by the end of 2012. Founded in 1994, USI is based in Briarcliff Manor, New York and has more than 3,300 employees. Under the terms of the deal, an equity investment of approximately $700 million will be made by Onex Partners III, in which Onex is a 25% limited partner; Onex as a co-investor in the transaction; and USI's employees, the firm said in a statement.
3 min read · 26 November 2012
2 min read · 26 November 2012
2 min read · 26 November 2012
3 min read · 26 November 2012
3 min read · 26 November 2012
2 min read · 26 November 2012
The fundraising market looks set to be crowded and fiercely competitive next year, much as it’s been in 2012. Altogether Buyouts has identified nearly 60 private equity firms likely to launch new funds in 2013, based primarily on how much their previous funds have been drawn down.
1 min read · 26 November 2012
