Westbrick Energy and Kohlberg Kravis Roberts & Co have closed on a C$75 million ($75.2 million) strategic investment in the company. KKR has committed C$175 million of equity capital for follow-on investments to support its continued growth through acquisitions and the organic development of its asset base, for a total potential investment of C$250 million.
3 min read · 20 November 2012
Attorneys and fund marketers predict that buyout shops, particularly those that market to wealthy investors, will take advantage of a proposed rule allowing them to advertise and talk to the press when soliciting investors for their private funds. But some also warn of downsides, such as the risk of raising your profile with federal and state regulators who will be watching carefully for any missteps.
3 min read · 19 November 2012
Parthenon Capital Partners has agreed to buy White River Capital. The deal includes Coastal Credit, a specialized auto finance company headquartered in Virginia Beach, Va. The transaction is valued at about $79.5 million. OP Trust, a Parthenon LP, will be investing in the deal. Milestone Advisors provided financial advice to White River.
8 min read · 16 November 2012
Genstar Capital made 5x its invested capital on Confie Seguros, an insurance brokerage roll-up the firm recently sold to ABRY Partners, a source close to the firm told Buyouts.
2 min read · 15 November 2012
Apollo Global Management LLC said on Tuesday it was beginning fundraising for its next large buyout fund with a target of $12 billion, less than its previous private equity fund yet still one of the largest buyout funds in the market, according to sister news service Reuters.
2 min read · 14 November 2012
The Canada Pension Plan Investment Board, one of the world's biggest pension funds and global dealmakers, said it formed a joint venture with Singapore-based warehouse operator Global Logistic Properties and will invest $343 million to expand its logistics portfolio in Brazil. The deal involves the acquisition of two logistics portfolios in Brazil.
1 min read · 14 November 2012
China-focused private equity firm Fountainvest Partners, headed by ex-Temasek executive Frank Tang, has raised $1.35 billion for its second fund, writes Reuters. Founded in 2007 by four former Temasek executives from the Singapore state investor's China team, Fountainvest's new fund is about 40 percent bigger than its $950 million debut fund in 2008, writes Reuters.
2 min read · 14 November 2012
strong>Garda World Security Corporation of Montreal, Quebec, a security solutions and cash logistics firm, has completed the transaction to take the business private. A consortium formed by Stephan Cretier, founder, chairman and CEO of Garda and a subsidiary of funds advised by Apax Partners have each acquired Class A shares of Garda for C$12.00 in cash. The deal value has been estimated at C$1.1 billion.
3 min read · 14 November 2012
The Institutional Limited Partners Association, the main group advocating for best practices between institutional investors and private equity firms, named Michael Mazzola, the head of alternative investments at MetLife, as its new board chairman. The appointment was effective on Nov. 7th.
2 min read · 14 November 2012
Boston-based investment firm Berkshire Partners is to make a growth equity investment in Farm Boy Inc., an Ottawa, Ontario-headquartered retail grocer. Terms of the investment were not disclosed.
3 min read · 14 November 2012
