IK and Nordic Capital are vying for Germany-based wheelchair maker Sunrise Medical in a potential 450 million euro ($507 million) deal, two people familiar with the transaction told Reuters.
1 min read · 13 May 2015
Canadian strategic mineral company Largo Resources Ltd (TSX-V: LGO) has topped up its previously announced financing deal to $70 million. The company said the amount was raised due to demand from existing investors, which include U.S. private equity firm Arias Resource Capital Management. Largo anticipates that Arias will buy up to $50.6 million of the offering. Upon completion of the transaction, Arias will hold about 47.8 percent of the company's issued and outstanding common shares, or more if convertible securities are exercised. Based in Toronto, Largo is currently focused on its vanadium mining project in Brazil. It also has mining projects in Canada.
7 min read · 13 May 2015
TPG Capital LP partner John Marren has a reputation for savvy technology investments and for leading the private equity firm’s technology buyouts team. Since the beginning of last year, though, he has been taking a less prominent role, according to TPG documents reviewed by Reuters.
2 min read · 12 May 2015
Canadian rural broadband provider Xplornet Communications Inc has acquired 42 blocks of 2500-megahertz spectrum in rural areas from across Canada in the most recent Industry Canada auction. The company said the spectrum will be used to support its roll-out of long-term evolution fixed wireless high-speed Internet to rural communities. Based in Woodstock, New Brunswick, Xplornet is backed by U.S. private equity firm Catalyst Investors and Canadian firm Werklund Capital Corp.
2 min read · 12 May 2015
Stingray Digital Group Inc, a Canadian business-to-business music provider and media company, plans to price its shares between $5.50 to $6.25 in its initial public offering (IPO), according to a term sheet released this week. The proceeds of the IPO, which are expected to total about $120 million, will be used to pay down debt. The company plans to sell up to 13.2 million shares, with private equity investors Novacap and Telesystem to sell up to 9 million shares in a secondary offering.
1 min read · 12 May 2015
Great Canadian Gaming Corp has agreed to purchase Casino New Brunswick, a casino, hotel and multi-use entertainment and convention centre located in Moncton, New Brunswick, for about $95 million. The sellers in the transaction are Canadian private equity firm Clairvest Group, which invested in the company in 2008, and Sonco Gaming New Brunswick Ltd. The deal is expected to close in the fall of 2015, subject to the approval of regulators. In a statement, Clairvest said it expects to receive gross proceeds of about $55 million from the company's sale. Based in Richmond, British Columbia, Great Canadian Gaming operates gaming facilities in Canada and the United States.
7 min read · 12 May 2015
Cerberus Capital Management LP is effectively pulling back from Japan after failing to win control of railway firm Seibu Holdings and due to a lack of investment targets, sources with direct knowledge of the matter told Reuters.
2 min read · 12 May 2015
European private equity firm Doughty Hanson & Co said it had agreed to sell its entire stake in Eurofiber, the owner of Netherlands largest independent fiber optic network, to Antin Infrastructure Partners for 875 million euros ($982.98 million), Reuters reported.
1 min read · 12 May 2015
Abraham Lincoln is considered to be one of the country’s greatest leaders. But he was inadvertently flirting with a depressed “power score” when he stuck with an overly cautious George B. McClellan as commander of the Army during the early years of the Civil War.
4 min read · 12 May 2015
Italy’s Agnelli family has agreed to sell real estate services group Cushman & Wakefield to DTZ in a deal that values the U.S.-based firm at around $2 billion, Reuters reported.
2 min read · 12 May 2015
