Clayton Dubilier & Rice has started preparations for a potential stock market listing of Mauser just a year after acquiring the German packaging group for around 1.25 billion euros ($1.42 billion), two sources familiar with the matter told Reuters.
2 min read · 19 May 2015
Alexander Panos, a former general partner and managing director at private equity firm TSG Consumer Partners, said he launched a private investment firm specializing in the branded consumer products sector.
2 min read · 18 May 2015
Canadian private equity and venture capital firm Westcap Management has closed Westcap MBO Investment LP with committed capital totaling $57 million. Limited partners included a mix of institutional and high net-worth investors based in Western Canada. The fund will focus on management buyout opportunities involving small and medium-sized companies in Western Canada. In syndication with another Westcap fund, Golden Opportunities Fund, it will target deals ranging between $25 million to $75 million in enterprise value. Westcap, which is based in Saskatoon, also announced the formation of an investment committee comprised of a number of leading business and financial leaders.
3 min read · 15 May 2015
French real estate group Unibail-Rodamco said it has signed an agreement to sell a 46.1 percent stake in German shopping center operator mfi AG to the Canada Pension Plan Investment Board (CPPIB) for 394 million euros (US$450 million), Reuters reported. The move extends an existing German joint venture between Unibail and CPPIB created when Unibail took a stake in the CentrO shopping center in Oberhausen a year ago. The deal is expected to close in the third quarter.
1 min read · 15 May 2015
Canadian private equity firm TorQuest Partners has completed its previously announced sale of a majority stake in Kissner Milling Co Ltd, a producer and distributor of bulk rock salt and specialty deicing products. The buyer was an investor group led by Metalmark Capital and that included Demetree Salt LLC and Kissner’s management team. TorQuest acquired the Cambridge, Ontario-based company in 2013 and recapitalized its balance sheet last year. In partnership with Kissner's management, it also made a number of operational improvements to the business. Based in Toronto, TorQuest is currently investing from TorQuest Partners Fund III, which closed at $535 million in September 2013.
3 min read · 15 May 2015
GDI Integrated Facility Services Inc (TSX: GDI) has completed its previously announced going public transaction that combined it with Medwell Capital Corp. The company also closed a concurrent public offering that will give it gross proceeds of $150.4 million. As a result, GDI, a janitorial and related services provider with headquarters in Montréal, commenced trading on the Toronto Stock Exchange under the symbol "GDI." Both GDI and Medwell have been portfolio investments of Canadian private equity firm Birch Hill Equity Partners. The investor is expected to obtain over $100 million of offering proceeds and remain a backer of the publicly-listed company. Birch Hill invested in GDI in 2012.
3 min read · 14 May 2015
Britain’s Poundworld, a rival discount chain to Poundland, has sold a majority stake to U.S. private equity firm TPG, securing new funds to speed up store expansion, Reuters reported.
1 min read · 14 May 2015
Shares of Avon Products Inc soared on Thursday after a regulatory filing from a firm that said it had offered to buy the cosmetics company for nearly three times its market value, Reuters reported.
2 min read · 14 May 2015
Plano Synergy, a U.S. designer and manufacturer of branded outdoor products and accessories, has received US$355 million of credit facilities from Golub Capital. The transaction was completed by Golub in partnership with Plano's existing investor Teachers' Private Capital, the private equity investment arm of the Ontario Teachers' Pension Plan. The credit facilities are intended to support the company's refinancing. Headquartered in Plano, Illinois, Plano was acquired by Teachers' for an undisclosed price in November 2012.
3 min read · 14 May 2015
Private equity firm 3i reached the end of a three-year restructuring with strong earnings growth at its portfolio companies, helping it post a full-year return on investment of 719 million pounds ($1.1 billion), Reuters reported.
2 min read · 14 May 2015
