U.S. buyout group Advent International is preparing an exit from German perfume chain Douglas and has asked JP Morgan and Goldman Sachs to organize a sale or listing, a source familiar with the deal told Reuters news service.
2 min read · 06 March 2015
Canadian wireless services provider Wind Mobile has bought 30 megahertz of new wireless spectrum in the government's recent auction. According to Industry Canada, the company paid $56.4 million for the assets. Wind Mobile said the purchase will enhance its network and boost performance for subscribers. Last September, Globalive Capital, the investment vehicle of Wind Mobile Chairman Anthony Lacavera, acquired Vimpelcom Ltd‘s stake in the company with the financial support of West Face Capital, Tennenbaum Capital Partners, LG Capital Investors, Serruya Private Equity and Novus Wireless Communications.
2 min read · 06 March 2015
Canadian financial services firm Manulife Financial Corp was among the Canadian investors that joined a consortium to buy Montreal Gateway Terminals (Société Terminaux Montréal Gateway) from Morgan Stanley Infrastructure. The consortium, which was led by Fiera Axium Infrastructure, also included the Fonds de solidarité FTQ, Desjardins Group and Industrial Alliance Insurance and Financial Services. Morgan Stanley agreed to sell the facility for an undisclosed amount.
2 min read · 06 March 2015
Morgan Stanley Infrastructure, the infrastructure investment arm of Morgan Stanley, has agreed to sell Montreal Gateway Terminals (Société Terminaux Montréal Gateway) to a consortium led by Fiera Axium Infrastructure. The financial terms of the deal were not disclosed. Montreal Gateway Terminals is the largest operator at the Port of Montréal and the second-largest container facility in Canada. Morgan Stanley bought an 80 percent interest in the facility in 2007 and secured 100 percent ownership in 2013. With offices in Montréal and Toronto, Fiera Axium Infrastructure is jointly controlled by Fiera Capital Corp and Axium Infrastructure Management.
3 min read · 06 March 2015
Canada Pension Plan Investment Board (CPPIB) has paid 1.1 billion pounds (US$1.67 billion) to buy Liberty Living, one of Britain's biggest providers of student accomodation, Reuters reported. As part of the deal, CPPIB said it bought residences in 17 of the largest university towns and cities across the United Kingdom from Brandeaux Student Accommodation Fund.
1 min read · 06 March 2015
The following bids, mergers, acquisitions and disposals were reported by Reuters as of 1430 GMT on Thursday, March 5, 2015.
2 min read · 06 March 2015
Small Canadian wireless operator Wind Mobile might have snagged valuable spectrum in an airwaves auction this week at a bargain-basement price, an industry analyst said after a report that a rival bidder may have dropped out, Reuters reported. The National Post reported that Mobilicity was likely to have dropped out of the auction as a financing deal it had lined up may have fallen apart just before the auction began.
2 min read · 05 March 2015
Private equity firm CVC Capital Partners, AlpInvest Partners, and Singapore’s sovereign wealth fund GIC raised a combined $710 million after Hong Kong’s second-largest broadband Internet provider, HKBN, priced its initial public offering at the top of expectations, IFR reported on Thursday citing people familiar with the deal.
1 min read · 05 March 2015
Healthcare of Ontario Pension Plan (HOOPP) turned in a return on its investments of 17.71 percent at the end of 2014, driving its net assets to a record $60.8 billion, up from $51.6 billion in 2013. 2014 results raised the pension plan's 10-year return to 10.27 percent, and its 20-year return to 9.98 percent. HOOPP, which manages retirement funds on behalf of Ontario healthcare workers, credited its performance to a liability-driven investing approach. Its private equity portfolio contributed to overall numbers, showing a return of 16.3 percent last year.
2 min read · 05 March 2015
Blackstone Group LP is exploring a sale of AlliedBarton Security Services in a deal that could value the largest U.S. security officer services company at around $1.5 billion, including debt, people familiar with the matter told Reuters.
1 min read · 05 March 2015
