Canadian retailer Hudson’s Bay Co (TSX: HBC) has completed a secondary shares offering on behalf of Hanover Investments, an affiliate of Abu Dhabi Investment Council, and the Ontario Teachers' Pension Plan. The sale generated aggregate gross proceeds of about $363.5 million, leaving Hanover with about 14.8 percent of the company's outstanding common shares, and Ontario Teachers with about 15 percent. In 2013, Ontario Teachers provided Hudson’s Bay with funding in support of its acquisition of U.S. retailer Saks Inc. The company is also backed by NRDC Equity Partners.
3 min read · 28 April 2015
Buyout group Advent has attracted interest from strategic buyers and private equity groups for Douglas as it prepares a potential 3 billion euro ($3.28 billion) flotation of the German perfume retail chain, two sources familiar with the matter told Reuters.
2 min read · 28 April 2015
Private equity firm LeapFrog Investments is leading a $45 million investment in Indonesian financial services provider Reliance Capital Management with the aim of taking it public, a senior executive told Reuters.
1 min read · 28 April 2015
Telx Group Inc, a private equity-owned provider of data centers and network solutions to companies, is exploring a sale that could value it at around $2 billion, including debt, people familiar with the matter told Reuters.
1 min read · 28 April 2015
INC Research Holdings Inc (Nasdaq: INCR), which went public last year, filed for a proposed secondary offering of shares for several of its existing investors. The shareholders include U.S. private equity firm Avista Capital Partners and Teachers' Private Capital, the private equity investment arm of the Ontario Teachers’ Pension Plan. Concurrent with the offering, INC Research plans to repurchase US$150 million of common stock from certain selling investors in a private transaction. A U.S. biopharmaceutical and medical device contract research organization, INC Research was acquired by Avista and Teachers' in 2010.
4 min read · 28 April 2015
Canadian intermediate producer TORC Oil & Gas Ltd is buying light oil assets from Surge Energy Inc in the Canadian Bakken region of southeast Saskatchewan and Manitoba for $430 million, Reuters reported. To help fund the deal, the Canadian Pension Plan Investment Board, already a TORC investor, will invest up to $150 million through a private placement of subscription receipts.
2 min read · 28 April 2015
Catalyst Fund LP V, the fifth distressed-for-control fund of Canadian private equity firm Catalyst Capital Group, may participate in the funding of new loans originated by Callidus Capital Corp (TSX: CBL), a Toronto-based specialty business lending platform. The participation is in accordance with the terms of an agreement entered into in connection with Callidus' initial public offering in 2014. Catalyst Capital, which recently raised an initial US$650 million in commitments for Fund V, remained the company's majority shareholder following the public offering.
6 min read · 28 April 2015
Carlyle Group LP agreed on Monday to pay 1.75 billion reais ($600 million) for a stake in Rede D’Or São Luiz SA, Brazil’s largest hospital chain, a source with direct knowledge of the deal told Reuters.
3 min read · 28 April 2015
The U.S. initial public offering market sprang to life Monday with eight deals launched, adding to a calendar that could see as many as 14 companies go public in the next two weeks.
4 min read · 28 April 2015
Caliber Midstream Partners LP, the owner of an oil and gas pipeline network in North Dakota, is exploring a sale that it hopes could value it at as much as $1 billion, including debt, according to people familiar with the process.
2 min read · 27 April 2015
