When U.S. companies go bust, bankruptcy laws ensure workers are among the first to get paid. Now an unconventional settlement in an obscure case threatens to turn that guarantee on its head, Reuters reported.
5 min read · 26 June 2015
Trussbridge Investments has led a group of investors from the Middle East to buy a majority stake in La Maison Cannelle, a Richmond, Québec-based manufacturer in the health and wellness food industry. The value of the acquisition was not published. Founded by Elizabeth DuPont in 2005, La Maison Cannell specializes in artisanal gluten-free food products. Trussbridge said the deal will back the company's growth plans, including its entry into the U.S. market and the Middle East. Headquartered in the United Arab Emirates, Trussbridge is a merchant bank set up by regional investors in 2015 in part to make mid-market investments in North America and the Middle East.
3 min read · 26 June 2015
Online home-rental marketplace Airbnb Inc is closing on a $1.5 billion fundraising that would boost the company’s valuation to $24 billion, the Financial Times reported, according to Reuters.
1 min read · 26 June 2015
Fairfax India Holdings, a fund set up by Canadian investor Prem Watsa to target Indian assets, is set to take a majority stake in logistics firm National Collateral Management Services sources told Reuters. One of the sources said the deal, for a 70 to 75 percent stake in the commodities storage and services business, could be worth US$120 million to US$150 million. Fairfax Financial Holdings, set up Fairfax India late last year to boost the firm's private investment in India. It went public in January this year and raised more than US$1 billion.
2 min read · 26 June 2015
Bridge Growth Partners, the New York City-based private equity firm founded two years ago by veterans of Vestar Capital Partners and New Mountain Capital, has collected $310.28 million for its debut buyout fund, according to regulatory filings.
2 min read · 25 June 2015
Insight Equity has closed its third private equity fund at $639 million, falling short of its $750 million target. Despite this shortfall, Ted Beneski, CEO and managing partner of the firm, said he and his team are pleased with the amount raised.
2 min read · 24 June 2015
Encouraged by years of central bank easing, investors are ploughing too much cash into unproductive and increasingly speculative investments while shunning businesses building economic growth, the OECD warned on Wednesday, Reuters reported.
2 min read · 24 June 2015
Private equity-backed Planet Fitness wants to put on some muscle as a public company.
2 min read · 24 June 2015
Rogers Communications Inc has made a series of deals to try to solidify its position as Canada's largest wireless operator, Reuters reported. The company said it will pay $440 million to buy struggling wireless operator Mobilicity, which is backed by private equity, and $100 million to complete an agreement to buy airwaves from Shaw Communications Inc.
2 min read · 24 June 2015
Kristin Shearer has joined the private equity team at Northleaf Capital Partners as an associate. Based in Toronto, she will be responsible for portfolio management, evaluation and monitoring of private equity investments on behalf of the firm. Prior to joining Northleaf, Shearer was a manager in the M&A transaction services group at Deloitte LLP. Managing $6 billion in total committed capital, Northleaf is a global private equity and infrastructure investor.
2 min read · 24 June 2015
