Israeli digital advertising company Matomy Media Group (LSE: MTMY) has bought a controlling interest in Maven Marketing Group Inc, a Toronto-based e-mail marketing and ad targeting company that operates under the name Avenlo. The deal's financial terms were disclosed. Matomy said it has acquired a 70 percent stake in Avenlo to leverage ad targeting and media buying capabilities and to enhance its e-mail acquisition marketing solution. The transaction includes an option for Matomy to acquire the remaining 30 percent of the business. Matomy is a portfolio investment of Israeli private equity firm Viola Private Equity.
4 min read · 15 April 2015
Indian logistics firm Gateway Distriparks Ltd is aiming to list its rail unit, valued by analysts at nearly $500 million, by the end of the current financial year in March 2016, two sources directly involved in the process told Reuters.
2 min read · 14 April 2015
Sarona Asset Management, which has offices in Kitchener, Ontario and the Netherlands, has been recognized for its positive social and environmental impact by the fourth annual ‘B Corp Best for the World’ list. The list, which is published by non-profit organization B Lab, is the result of an assessment of a firm's impact on workers, community and the environment. Sarona, which in late 2014 raised $150 million in the final close of its second private equity fund of funds, is focused on investments in companies in frontier and emerging markets.
4 min read · 14 April 2015
Texas’s largest power company, the bankrupt Energy Future Holdings Corp, on Tuesday laid out a plan for cutting $42 billion in debt and said it will seek creditor and court approval by the end of the year, Reuters reported.
2 min read · 14 April 2015
European private equity firm Doughty Hanson is to drop its current fundraising efforts, and will instead focus on its remaining portfolio, the buyout firm said on Tuesday, Reuters reported.
1 min read · 14 April 2015
Energy & Minerals Group (EMG), which has invested billions in oil and gas ventures with former Chesapeake Energy Corp Chief Executive Officer Aubrey McClendon, has moved to extricate itself from a lawsuit filed by Chesapeake alleging McClendon stole its trade secrets and used them to build up his new businesses, Reuters reported.
3 min read · 14 April 2015
Former Democratic Massachusetts Governor Deval Patrick is joining the Boston-based private equity firm Bain Capital founded by his predecessor, Republican Mitt Romney, the Boston Globe reported on Tuesday, according to Reuters.
1 min read · 14 April 2015
Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, has made its first direct investment in Australia in partnership with Blackstone Property Partners Asia, an affiliate of U.S. private equity investor Blackstone Group. Ivanhoé and Blackstone acquired a 25 percent interest in Liberty Place, an office property located in Sydney, Australia, from Lasalle Investment Management. The total investment was valued at AU$240 million ($229.2 million). Liberty Place is a 42-storey office tower complex.
2 min read · 14 April 2015
Emerging-market focused private equity firm Abraaj Group has closed a $990 million sub-Saharan Africa fund, its third in the region, the firm said on Monday, Reuter reported.
1 min read · 14 April 2015
Focus Financial Partners LLC, a portfolio company of U.S. private equity firm Centerbridge Capital Partners, has acquired Dorchester Wealth Management Co, a Montréal-based investment counselling and wealth management business with over $850 million in assets. The financial terms of the deal were not released. Focus, a global partnership of independent wealth managers, said the acquisition marks its entry into the market in Canada. Headquartered in New York, the company received a US$216 million investment from Centerbridge in July 2013.
3 min read · 13 April 2015
