A U.S. judge on Tuesday rejected New York financier Lynn Tilton’s bid to block the U.S. Securities and Exchange Commission from trying her before an administrative judge for defrauding investors, Reuters reported.
1 min read · 30 June 2015
Centerbridge Partners LP is in advanced talks to acquire household cleaning and personal care products maker KIK Custom Products Inc for around $1.6 billion, including debt, according to people familiar with the matter, Reuters reported exclusively.
1 min read · 30 June 2015
General Electric Co said it would sell its European private equity financing business to a unit of Japan’s Sumitomo Mitsui Banking Corp (SMBC) for $2.2 billion, Reuters reported.
1 min read · 30 June 2015
Laurion Mineral Exploration Inc (TSX-V: LME) has secured $6 million in a private placement transaction. The investor was an unnamed Dallas, Texas-based oil and gas private equity firm, which utilized its funding vehicle, VARA Minerals LP, in the deal. Laurion, which is based in Toronto, said the investment is a first step in a long-term strategic partnership focused on moving its Ishkoday gold and base metal project from discovery into production phases. The project is located northeast of Thunder Bay, Ontario. Laurion is led by President and CEO Cynthia Le Sueur-Aquin.
6 min read · 30 June 2015
Canadian mineral exploration and development company TMAC Resources Inc has filed its final prospectus for an initial public offering (IPO) of its common shares. The revised prospectus shows an increase in the offering's target raise to about $135 million in gross proceeds, which is the result of "strong demand," the company said. An over-allotment option could give TMAC up to about $155.2 million. Net IPO proceeds will be used in part to advance the company's Hope Bay gold project to first production by the end of 2016. The project is located in the Kitikmeot region of Nunavut. TMAC is backed by U.S. private equity firm Resource Capital Funds (RCF) and other investors.
4 min read · 30 June 2015
Cenovus Energy Inc, Canada's second-largest independent oil producer, said on Tuesday it has agreed to sell its portfolio of oil and gas royalty properties to Ontario Teachers' Pension Plan for about $3.3 billion. As Reuters first reported this month, the decision to sell the unit, Heritage Royalty Ltd, to Teachers' Natural Resources Group was made after exploring several options including an initial public offering.
2 min read · 30 June 2015
Kohlberg Kravis Roberts & Co. will pay nearly $30 million to settle civil charges that it misallocated more than $17 million in expenses and breached its fiduciary duty to clients, U.S. regulators said, according to Reuters.
2 min read · 29 June 2015
American Achievement Corp, a portfolio investment of U.S. private equity firm Fenway Partners, has agreed to buy Gaspard LP, a provider of academic regalia, clergy vestments, choral robes, and legal and judicial attire. No financial details were disclosed for the transaction that is expected to be completed in July 2015. Update: Following the acquisition's close, Gaspard will remain headquartered in Winnipeg and will continue to be led by current President and Chief Executive Officer David Blatt. The company was founded in 1909.
3 min read · 29 June 2015
Tom Kennedy has led Canadian alternative assets manager and advisor Kensington Capital Partners for nearly two decades based on a key principle: Always put your own money up.
3 min read · 29 June 2015
Acasta Enterprises Inc plans to raise C$275 million ($222.08 million) through an initial public offering in Toronto, joining a line of special purpose acquisition corporations (SPACs) with high-profile backers raising public capital to pursue acquisitions, Reuters reported.
2 min read · 26 June 2015
