Canada Cartage recently closed its previously announced purchase of D.J. Knoll Transport Ltd, an asset-based transportation business based in White City, Saskatchewan. The financial details of the transaction were not released. Headquartered in Mississauga, Ontario, Canada Cartage is a fleet outsourcing transportation and supply chain provider. It has been a portfolio company of U.S. private equity firm Nautic Partners since 2007.
3 min read · 17 March 2015
The following bids, mergers, acquisitions and disposals were reported by Reuters as of 2000 GMT on Monday, March 16, 2015.
3 min read · 17 March 2015
Buyout firm Apollo Global Management LLC is in advanced talks to acquire most of the assets of Digital First Media, publisher of the Denver Post and San Jose Mercury News, for around $400 million, people familiar with the matter told Reuters.
2 min read · 17 March 2015
The board of directors of SNC-Lavalin Group Inc (TSX: SNC) has appointed Lawrence Stevenson as its new chairman. Stevenson, who is the managing director of Canadian mid-market private equity firm Callisto Capital, replaces Ian Bourne, who has decided to step down. According to Reuters, Stevenson has been a director on the company's board since 1999. Based in Montréal, SNC-Lavalin is an engineering and construction business.
2 min read · 16 March 2015
A group comprised of KKR & Co, Varde Partners and Deutsche Bank is looking to securitize about A$7 billion ($5.33 billion) of debt they acquired from a unit of GE, three sources with knowledge of the matter told Reuters.
2 min read · 16 March 2015
Germany expects the problems at Duesseldorfer Hypothekenbank AG (DuesselHyp) to remain an isolated case after the property lender had to be rescued due to its exposure to Austrian lender Hypo Alpe Adria’s “bad bank” Heta, Reuters reported.
3 min read · 16 March 2015
Gym operator Life Time Fitness Inc said it would be taken private by Leonard Green & Partners and TPG in a deal valued at over $4 billion, Reuters reported.
2 min read · 16 March 2015
Canadian mid-market private equity firm Fulcrum Capital Partners has made an undisclosed equity investment in JNM Group, a Windsor, Ontario-based automotive parts manufacturer of tooling solutions and stamped metal components and assemblies. The deal, which was done in partnership with the JNM's management team, will support the company's increased capacity and geographic expansion through new facilities in Mexico and the United States. Fulcrum Capital's investment in JNM follows its investment earlier this month in GI Group. Both investments were made by Fulcrum Capital Partners V LP, which has to date raised $205 million of its $300 million target.
2 min read · 16 March 2015
Armacell International S.A. has completed its previously announced add-on acquisition of Industrial Thermo Polymers Ltd, a Brampton, Ontario-based manufacturer of extruded polyethylene foam products. The transaction's value was not released. Armacell, a German insulation materials business, is a portfolio investment of U.K. private equity firm Charterhouse Capital Partners.
3 min read · 16 March 2015
Canadian mining company First Nickel Inc has closed a deal to refinance its debt obligations. The refinancing includes the issue of shares to U.S. private equity firm Resource Capital Funds (RCF) to satisfy obligations under a US$10 million convertible loan facility, as well as an increase in the principal amount of a term loan with RCF to US$15.5 million. The deal also increases the principal amount of a term loan with Canadian private investment firm West Face Capital to US$12.5 million. Based in Toronto, First Nickel owns and operates the Lockerby Mine in the Sudbury Basin of northern Ontario. RCF is currently the company's largest shareholder.
2 min read · 16 March 2015
