Canada

Valence buys Fountain Plating

Valence Surface Technologies LLC, which is backed by ATL Partners and British Columbia Investment Management Corporation, has acquired Fountain Plating Co. Inc.

Cornell Capital-backed Knowlton Development agrees to buy Zobele Group

Financing for the transaction will include significant equity reinvestment from Cornell Capital and CDPQ, as well as from the other existing investors.

J.C. Flowers, Värde-led investor group agrees to sell Fairstone Financial Holdings

The investor group acquired CitiFinancial Canada from Citi in 2017 and rebranded the company as Fairstone.

Eddyfi/NDT acquires Halfwave

Quebec-based Eddyfi/NDT has acquired Bergen, Norway-based Halfwave, a provider of acoustic resonance technology solutions.

BDC provides capital to BIM One

BDC Capital’s Growth & Transition Capital division has provided C$2 million to Levis, Quebec-based BIM One, a consulting firm focused on the building information modeling process.

Water Island urges Pattern Energy to reject CPPIB takeover bid: Reuters

Water Island Capital LLC urged Pattern Energy Group Inc shareholders to reject a C$2.63 billion buyout offer from the Canada Pension Plan Investment Board, calling it undervalued, reported Reuters.

CGI to repurchase 6 mn shares held by CDPQ

Montreal-based CGI, a provider of IT and business consulting services, has agreed to repurchase 6.01 million of its shares held by Caisse de dépôt et placement du Québec for a price of C$99.85 per share.

CDPQ to become Alstom's biggest shareholder after Bombardier Transportation deal

Caisse de dépôt et placement du Québec will convert its current investment in Bombardier Transportation into shares of Alstom that will amount to a total investment of up to C$4 billion.