Thomas H. Lee Partners LP is in advanced talks to acquire the enterprise business of eBay Inc for close to $1 billion, according to people familiar with the matter, Reuters reported.
2 min read · 09 July 2015
Fix Auto Canada, a branded network of body shops, has received an $8.2 million investment from the Caisse de dépôt et placement du Québec. The funding, which comes in the form of both equity and subordinated debt, is intended to help the company accelerate growth through strategic acquisitions and investments, domestically and around the world. Based in Montréal, Fix Auto currently operates 215 independently-owned centres across Canada that offer a full range of collision repair services. Founded in 1992, the company is led by President Steve Leal.
2 min read · 09 July 2015
MicroDental Inc, formerly known as DTI Dental Technologies Inc, has acquired Phoenix Dental Laboratory Inc, a full-service dental laboratory located in Hamilton, Ontario. The financial details of the transaction were not released. MicroDental said Phoenix will be merged with its Hamilton division to serve the Greater Toronto Area. The Dublin, California-headquartered MicroDental, which operates a network of dental laboratories, is backed by HealthpointCapital, a U.S. private equity firm. HealthpointCapital combined it with its Vancouver-based portfolio company DTI in 2007.
2 min read · 09 July 2015
Dutch lingerie maker Hunkemoller has caught the eye of several private equity groups in a potential deal worth roughly 500 million euros ($553 million), three sources familiar with the matter said on Thursday, Reuters reported.
2 min read · 09 July 2015
The previously-announced acquisition of Canadian live performance company Cirque du Soleil has been completed. The control-stake deal, estimated at US$1.5 billion in value, was led by U.S. private equity firm TPG alongside China's Fosun International Ltd and the Caisse de dépôt et placement du Québec. Cirque founder Guy Laliberté will retain a minority stake. Mitch Garber, chair of the company's board of directors, Claridge, and Cirque President and CEO Daniel Lamarre will also take ownership stakes. Lamarre said the new partnership has "already begun laying the ground work for the global expansion of the Cirque du Soleil brand."
3 min read · 09 July 2015
Pacific Rubiales Energy Corp said that Mexican industrial conglomerate Alfa SAB de CV and energy investment firm Harbour Energy Ltd have dropped their plans to buy the Canadian oil and gas company, Reuters reported. The $2 billion offer, first made in May will terminate immediately. Harbour Energy is backed by Noble Group Ltd and U.S. private equity firm EIG Global Energy Partners.
2 min read · 09 July 2015
VINCI Park, a portfolio company of French private equity firm Ardian, has agreed to acquire the assets of WestPark Calgary from WestPark Parking Services Inc. The financial terms of the deal were not disclosed. France's VINCI Park, a manager of about 1.9 million parking spaces and related services in 14 countries, said it had also entered into a partnership to strengthen its market position in British Columbia. Based in Vancouver, WestPark is a parking management company that operates over 170 parking facilities in Western Canada.
3 min read · 08 July 2015
Partners in private equity and other alternative investment funds based in Britain face giving up a bigger slice of their performance fee to the government in tax after changes announced on Wednesday, Reuters reported.
2 min read · 08 July 2015
SRA Companies Inc, a provider of IT services to the U.S. government, filed with U.S. regulators on Wednesday for an initial public offering of common stock, Reuters reported.
1 min read · 08 July 2015
Cerberus Capital is listing U.S. grocery store operator Albertsons Cos Inc a year after the private equity firm acquired Safeway and combined the two chains, Reuters reported.
2 min read · 08 July 2015
