Bondholders of gunmaker Colt ripped into the bankrupt company’s private equity owner in a court hearing on Tuesday, saying the firm sped up its decline by starving it of cash and investment, Reuters reported.
2 min read · 17 June 2015
TPG Capital LP said on Wednesday its former head of public affairs, who had accused it of violating securities regulations and defrauding investors out of millions of dollars, had agreed to drop his lawsuit against the buyout firm, Reuters reported.
2 min read · 17 June 2015
Despite volatility in energy markets, Canadian energy-focused private equity firm ARC Financial Corp beat the cap on its eighth energy fund, collecting $1.5 billion.
2 min read · 17 June 2015
Dicom Transportation Group, a Canadian provider of business-to-business expedited transportation services, has bought Orbis Logistics, an asset-free provider of last-mile delivery services in the southern United States. The financial terms of the deal were not disclosed. Dicom said the acquisition, its second in the United States, will add last-mile capabilities to its current line haul network south of the border. Based in Montréal, Dicom has been a portfolio investment of U.S. private equity firm Wind Point Partners since March 2014. Earlier this year, the company acquired Modern Forwarding.
3 min read · 17 June 2015
Blackstone Group LP and Carlyle Group LP are making a joint bid for NCR Corp in a leveraged buyout that would be the year’s biggest at more than $10 billion, including debt, people familiar with the matter said on Tuesday, Reuters reported.
2 min read · 16 June 2015
Argon 18, a Canadian manufacturer of high performance racing bicycles sold in 70 countries, has received an investment from BDC Capital and the Fonds régionaux de solidarité FTQ, an affiliate of the Fonds de solidarité FTQ. The value of the investment was not disclosed. Argon 18, which is currently preparing for its first Tour de France with its BORA-Argon 18 team, said the capital infusion will support its growth plan. Based in Montréal, the company was founded in 1989. BDC made its investment in Argon 18 through its Growth and Transition Capital division.
4 min read · 16 June 2015
British private equity firm Cabot Square Capital, which invests in the financial services industry, said it has raised 275 million pounds ($430 million) for its latest fund and could raise a further 75 million pounds for it, Reuters reported.
1 min read · 16 June 2015
Two activist investors on Monday urged DHI Group Inc, which offers specialized career websites, to sell itself and said they had already spoken with potential buyers, Reuters reported.
2 min read · 16 June 2015
Hudson's Bay Co is buying Germany's leading department store chain, Kaufhof, from Metro for US$3.2 billion, giving the Saks owner a launch pad to expand into Europe, Reuters reported. Hudson's Bay, which is chaired by NRDC Equity Partners Chief Executive Richard Baker, sees the Kaufhof deal, due to close at the end of September, as the next step in its plan to become a "premier global retailer".
4 min read · 15 June 2015
AlpInvest Partners, backed by Carlyle Group, has brought back into the fold an executive who left for a few years to work on secondaries with the Canada Pension Plan Investment Board.
2 min read · 15 June 2015
