N. Harris Computer Corp, a division of Constellation Software Inc, has agreed to buy Picis, a U.S. provider of perioperative management solutions and emergency department solutions for over 700 hospital sites worldwide. The value of the proposed acquisition was not published. Constellation, a Toronto-based provider of software solutions, said the deal will expand Harris’ existing acute care business in American, Canadian and international markets. Publicly listed in 2006, Constellation remains a portfolio investment of OMERS Private Equity.
2 min read · 20 May 2015
Buyout group Cinven has raised its offer for state-controlled Telekom Slovenia in an attempt to win over Slovenian authorities facing criticism they could be selling on the cheap, a person familiar with the transaction told Reuters.
2 min read · 20 May 2015
Acorn Growth Companies, an Oklahoma firm that brings operating experience to aerospace deals, is planning to raise up to $300 million for its first institutional fund after investing with support from family offices for about a decade, according to a source.
2 min read · 20 May 2015
BC Partners is hoping to participate in the consolidation of the U.S. cable telecoms market by maintaining a stake in Suddenlink after its sale to Altice SA, the private equity firm’s co-chairman told Reuters.
2 min read · 20 May 2015
DW Healthcare Partners (DWHP), a healthcare private equity firm with offices in Toronto and Park City, Utah, has sold Health & Safety Institute Inc for an undisclosed amount. The buyer in the transaction was U.S private equity firm The Riverside Co. Based in Eugene, Oregon, Health & Safety Institute is a for-profit health and safety training and compliance provider. While a portfolio investment of DWHP, the company acquired Summit Training Source and WorkSafe Canada.
3 min read · 19 May 2015
Till Capital Ltd (TSX-V: TIL) has completed its previously announced acquisition of Omega Insurance Holdings Inc and its affiliated businesses for up to about $15.7 million. Omega is a Toronto-based provider of insurance and reinsurance solutions. It was previously a portfolio company of Integrated Partners LP I, a private equity fund affiliated with Canadian alternative assets manager Integrated Asset Management Corp (IAM).
5 min read · 19 May 2015
Canadian specialty pharmaceutical company Cynapsus Therapeutics Inc has registered with U.S. securities regulators and filed an application to list on the NASDAQ Capital Market. The timing, number of shares and price per share of the proposed offering have not yet been determined. Renaissance Capital has reported that the company is seeking to raise proceeds of up to US$60 million. Cynapsus, a Toronto-based maker of drugs to treat patients suffering from Parkinson’s disease, last month received almost $21 million in a financing deal led by U.S. venture capital firms OrbiMed Advisors, Aisling Capital and Venrock. It currently trades on the Toronto Stock Exchange.
5 min read · 19 May 2015
Vancouver-based mass payments platform Hyperwallet Systems Inc has hired Brent Warrington as its new chief executive officer. Previously, Warrington was the head of FundsXpress, which was acquired by First Data. Hyperwallet is backed by U.S. private equity firm Primus Capital. Update: In June 2014, Primus provided the company with undisclosed growth funding. Founded in 2000, the company also has an office in San Francisco.
3 min read · 19 May 2015
GrafTech International Ltd (NYSE: GTI) has agreed to be acquired by the private equity group of Brookfield Asset Management. Under the terms of the deal, Brookfield will commence to buy up to all of the outstanding shares of GrafTech common stock at a purchase price of US$5.05 per share. It was recently reported by peHUB Canada that this transaction combined with Brookfield's earlier purchase of US$150 million of convertible preferred shares of GrafTech had an estimated total value of about US$840 million. Based in Independence, Ohio, GrafTech is a provider of graphite material solutions for customers in a wide range of industries and end markets, including steel manufacturing.
9 min read · 19 May 2015
Canada Pension Plan Investment Board (CPPIB) and GIC, Singapore's sovereign wealth fund, have formed a joint venture partnership to purchase D-Cube Retail Mall, a retail mall located in Seoul, South Korea. D-Cube, which will be rebranded as Hyundai Department store and will be operated by South Korean retail operator Hyundai, was sold by Daesung Industries for a total consideration of US$263 million. Upon completion of the transaction, CPPIB and GIC will each own a 50 percent stake in the asset.
3 min read · 19 May 2015
