Dealmaking

PE HUB First Read

First Read begins the day with news that OxyContin maker Purdue Pharma is offering an opioid settlement up to $12 billion, an ex-Google engineer is charged with stealing trade secrets and taking it to Uber, and Leslie Jones is leaving "Saturday Night Live."

CapStreet Group-owned Marco acquires Bell & MacKenzie

Marco Group International has acquired Bell & MacKenzie Co Ltd, a Hamilton, Ontario-based packager and distributor of abrasives and distributor of blast equipment and parts and accessories. No financial terms were disclosed. Founded in 1972 by Richard Bell and John MacKenzie, Bell & MacKenzie operates a conveyor and packaging operation and offers a broad array of products to several end markets. Marco, a Davenport, Iowa-based maker and distributor of surface preparation equipment, parts and supplies, said the deal supports its growth in Canada. U.S. private equity firm CapStreet Group completed a majority recapitalization of Marco in 2017.

Canadian venture activity soars in robust H1

Co-investing: the struggle is real

Vista Equity replaces Apollo as most aggressive users of debt

PE HUB Wire Highlights, 8.27.19

Marathon seeks $750 mln for specialty finance fund; Foundations see strong returns from PE; Should retail investors be allowed to invest in PE?

Canada's PE market slows in H1 with $4.9 bln invested: CVCA

Canada's private equity (PE) market saw $3 billion invested in 158 deals in the second quarter of 2019, up 54 percent from three months earlier but down 63 percent from Q2 2018, according to a report by the Canadian Venture Capital and Private Equity Association (CVCA). PE investment between January and June totalled $4.9 billion, the lowest amount invested in a first half since CVCA began collecting data (2013). The dollars went to 289 deals in this period, down from 324 deals in H1 2018. There was a record share of deals in the information and communications technology sector in Q2 2019 (20 percent). The industrial and manufacturing sector captured a comparable share (21 percent).

PE HUB First Read

First Read begins the day with news that Amgen is buying Celgene's psoriasis drug Otezla for $13.4 billion, AT&T's CEO of Communications John Donovan will retire in October, and the BBC is launching a voice assistant that will understand British accents.

Genstar buys Primus’s stake in Forte Research

Private Equity Jobs of the Week: PNC, Invesco and Morgan Stanley are hiring

This week’s jobs include directors at PNC and Invesco and an investment officer at New York State Teachers Retirement System.