Vancouver-based Absolute® Software Corporation, a provider of persistent endpoint security and management solutions, is acquiring the assets of privately-held LiveTime Software. The business is a SaaS and on-premise help desk and IT service support management provider.
5 min read · 06 November 2012
CAI Private Equity said Monday it sold its interest in Corix Group to to the British Columbia Investment Management Corp. Financial terms weren't announced. Corix, of Vancouver, B.C., provides water, wastewater and energy utility infrastructure solutions. CIBC World Markets and RBC Capital Markets advised CAI.
3 min read · 05 November 2012
Canadian retailer, Hudson's Bay Co. (HBC) reported 3.8% growth in revenues in Q3 2012 in a revised prospectus that anticipates its planned IPO. Privatized in 2006, HBC was acquired by NRDC Equity Partners in 2008, and has since seen a number of its divisions sold off, including Zellers Inc., which was acquired by Target Corp. last year.
2 min read · 05 November 2012
Toronto, Ontario-based Fairfax Financial Holdings has acquired 1,698,200 common shares of Imvescor Restaurant Group at a price of $0.85 per share, bringing its total holdings in Imvescor to 9,897,509 shares or approximately 23.6 percent of the total common shares outstanding. Fairfax is a financial services holding company which is engaged in property and casualty insurance and reinsurance and investment management.
2 min read · 05 November 2012
ProSieben has attracted three offers worth more than €1.3 billion euros ($1.7 billion) for its Nordic TV channels, sister news service Reuters reported in late October, which may help to reduce the group’s debt. The bidders are private equity firms Nordic Capital and Providence Equity Partners as well as cable network Discovery Communications, Reuters wrote.
1 min read · 02 November 2012
Shares of Restoration Hardware rose as much as 34 percent during their market debut on Friday Nov.2, according to sister news service Reuters. The upscale furniture retailer, backed by private equity firms Catterton Partners and Tower Three Partners LLC, opened New York Stock Exchange trading at $32.05 after pricing at the high end of the expected range at $24.
1 min read · 02 November 2012
In a deal that may top $3 billion, industrial machinery maker Gardner Denver Inc. is exploring a sale and has drawn initial interest from TPG Capital, Kohlberg Kravis Roberts & Co., The Blackstone Group, Bain Capital and Onex, according to an exclusive report from sister news service Reuters.
1 min read · 02 November 2012
Advance Auto Parts Inc. has hired investment bank Blackstone Advisory to explore a potential sale to private equity, two people familiar with the matter said, in a deal that could top $6 billion, sister news service Reuters wrote. The auto parts retailer, which sells parts, accessories, batteries and maintenance items to both do-it-yourself and commercial customers, has attracted initial interest from several private equity firms, one of the people said.
1 min read · 02 November 2012
Alcatel-Lucent is considering selling its submarine cable business and a unit that supplies telephone systems to big companies as part of its effort to shore up its balance sheet, according to sources familiar with the matter.
2 min read · 02 November 2012
Veteran Canadian private equity firm Penfund has acquired Vancouver's JET Equipment & Tools Ltd. and related subsidiaries. For Penfund, which closed its latest fund, the $460 million Penfund Capital Fund IV, earlier in 2012, the transaction represents an enhanced role as an equity sponsor.
2 min read · 02 November 2012
