Artivest, a startup that gives individual investors access to private equity funds, hedge funds, and other alternative investments, said Monday it has raised $15 million in a funding round led by private equity firm KKR & Co, Reuters reported.
2 min read · 04 May 2015
The Caisse de dépôt et placement du Québec has partnered with GE Energy Financial Services to acquire Southern Star Central Corp, which owns Southern Star Central Gas Pipeline Inc, a natural gas pipeline system in the United States. The acquisition's value was not disclosed. The seller in the transaction was Morgan Stanley Infrastructure, which in March sold Montreal Gateway Terminals to an investor group led by Fiera Axium Infrastructure. Morgan Stanley invested in Southern Star Central in 2010.
2 min read · 01 May 2015
Profound Medical Inc has launched a going-public transaction via a reverse take-over of Mira IV Acquisition Corp (TSXV: MRY.P), which trades on the TSX Venture Exchange. The company has also completed a private placement for gross proceeds of about $24 million. Two long-time venture capital investors in Profound Medical, Genesys Capital and BDC Capital, joined the offering and provided bridge financing. Strategic investor Knight Therapeutics Inc also joined the offering and extended a $4 million secured loan. The Toronto-based Profound Medical, which was founded in 2008, is a medical device business focused on developing and commercializing a minimally invasive treatment for prostate cancer.
6 min read · 01 May 2015
Spanish infrastructure group Abertis said it is launching an offer to buy out the listed shares in its Brazilian motorways operator Arteris, alongside its partner, a unit of Brookfield Asset Management, Reuters reported. The proposed deal is valued at about US$361 million. Abertis and Brookfield Brazil Motorways Holdings already have a 69 percent stake in Arteris, which operates some 3,250 kilometres of highways in the South American country.
1 min read · 01 May 2015
The president of a firm that claimed it was investing in personal injury lawsuits pleaded guilty on Thursday to engaging in a conspiracy to defraud investors out of $11 million, Reuters reported.
2 min read · 30 April 2015
D+H Corp (TSX: DH) has completed its previously announced acquisition of Fundtech Ltd, a U.S. provider of transaction banking software and services. The deal, which the Toronto-based D+H believes will solidify its position as a global financial technology provider, had a total value of US$1.25 billion. Fundtech was previously backed by U.S. private equity firm GTCR, which bought the company in 2011.
4 min read · 30 April 2015
Indian smartphone maker Micromax Informatics Ltd is looking to raise capital from private investors or through a stock market listing, as it expands into new business segments including personal computing, its co-founder told Reuters.
2 min read · 30 April 2015
Navtech Inc, a Canadian flight operations software and services company, has acquired DW International Ltd, a U.K. provider of technical support in the fields of air navigation, civil air communications, and air traffic management. The financial details of the transaction were not published. Navtech, which is headquarted in Waterloo, Ontario, said the acquisition will accelerate the company's global growth and expand its product and service offerings. Navtech has been a portfolio investment of U.S. private equity firm ABRY Partners since 2005. It also received an investment from Veronis Suhler Stevenson in 2013.
3 min read · 30 April 2015
Abacus Private Equity, an affiliate of Canadian investment and advisory firm Hillcore Group, has acquired Waiward Steel Fabricators Ltd for an undisclosed amount. Founded in 1972 and headquartered in Edmonton, Waiward is an industrial steel fabricator and provider of construction services. Abacus said it sourced and negotiated the deal on behalf of Hillcore, which will manage Waiward in partnership with its senior management team. Abacus, which was bought by Hillcore in 2012, reported in January that it completed acquisition deals with a total value of $670 million last year.
2 min read · 30 April 2015
U.S. private equity firm Brookstone Partners plans to invest up to 450 billion francs CFA ($750 million) in three hydroelectric dams in Ivory Coast through its Moroccan arm Platinum Powers, a company executive told Reuters on Wednesday.
1 min read · 29 April 2015
