U.S. regulators’ attempts to reign in risky lending are proving successful as leverage levels on the biggest buyout loans have fallen to a two-year low, according to Thomson Reuters Loan Pricing Corp data.
3 min read · 11 March 2015
Deloitte this week announced the winners of its 2014 Canada’s Best Managed Companies awards program, which recognizes excellence in Canadian owned and managed companies. Deloitte said the best managed companies shared an "investment mindset" that was apparent during the recession, when other businesses "mined cash flow and remained conservative on investments." Investments focused on technology development and merger and acquisition activity in new geographies and sectors. Deloitte's best managed companies include a significant number that are currently backed by private equity and venture capital investors.
4 min read · 11 March 2015
A consortium of private equity firms CVC and KKR has tabled the highest bid to take control of Philips’ lighting components business, though rival Bain Capital could still make a better offer, three sources familiar with the matter told Reuters.
2 min read · 11 March 2015
The following bids, mergers, acquisitions and disposals were reported by Reuters and PE HUB as of 2000 GMT on Wednesday, March 11, 2015.
4 min read · 11 March 2015
A ballot measure campaign to cut California’s public pensions will be launched in May by a coalition of politicians and business people led by former San Jose Mayor Chuck Reed, with the state’s largest retirement system a prime target, Reuters reported.
3 min read · 11 March 2015
N. Harris Computer Corp, a division of Constellation Software Inc, has bought InterAct911 Corp, a U.S. provider of software products that support dispatchers, incident responders and correctional officers. The financial terms of the deal were not published. Harris said the acquisition enhances its global law enforcement business unit. InterAct was a portfolio company of U.S. venture capital firms Bay Partners, Foundation Capital, Shea Ventures and SilkRoad Equity, and of Canadian specialty finance firm Wellington Financial. Wellington first invested in the company in 2011. Based in Toronto, Constellation Software is a portfolio investment of OMERS Private Equity.
3 min read · 11 March 2015
Groupe SVP has bought Groupe Synesis, a professional training and translation business with operations in Montréal and other locations in Québec. The financial details of the deal were not released. Groupe SVP, a Saint-Ouen, France-based specialist in operational support for businesses and local authorities, said the acquisition has established its presence in Canada and will serve as a platform for continued expansion in North America. It was backed in the transaction by French private equity firm Omnes Capital, which has held an investment stake in the company since 2011.
3 min read · 11 March 2015
The following bids, mergers, acquisitions and disposals were reported by Reuters as of 2000 GMT on Tuesday, March 10, 2015.
2 min read · 10 March 2015
KKR & Co LP is in advanced talks to acquire Air Medical Group Holdings Inc in a deal that could value the U.S. helicopter ambulance company at around $2 billion, including debt, people familiar with the matter told Reuters.
1 min read · 10 March 2015
ARC Financial Corp, the Calgary-based investor in Canadian oil and gas projects, is approaching a first close on about $1 billion for its eighth private equity fund, according to a source familiar with the firm. Headed by Co-CEOs Kevin Brown and Lauchlan Currie, ARC Financial waded into the fundraising market about 10 weeks ago for ARC Energy Fund 8, which is targeted to raise about $1.5 billion in total.
2 min read · 10 March 2015
