Private Equity
Harrison Street Real Estate Capital has sold Ecla Paris, a French student accommodation property, to Canadian alternative asset manager Brookfield Asset Management. No financial terms were disclosed. Ecla Paris, a 1,200-plus-bed facility located at the University of Paris-Saclay campus, was developed by a joint venture of Harrison Street and HPC Group. Harrison Street is a U.S. real estate investment management firm focused on the education, healthcare and storage sectors.
2 min read · 17 January 2019
The parent company of Kissner Group, a Kitchener, Ontario-based bulk, specialty packaged and evaporated salt producer, has acquired NSC Minerals Ltd, a Saskatoon-based provider of salt and calcium chloride products. Terms weren't disclosed. The seller was Canadian private equity firm Altas Partners, which acquired NSC in 2013 from Wynnchurch Capital. NSC, which provides salt for deicing, industrial and agricultural applications, will continue to operate under its existing brand as a Kissner affiliate. Kissner is backed by U.S. private equity firm Metalmark Capital and a vehicle led by Silverhawk Capital Partners and Demetree Salt LLC. Metalmark led the 2015 acquisition of Kissner from TorQuest Partners.
4 min read · 17 January 2019
Caisse de dépôt et placement du Québec has provided growth capital to Metro Supply Chain Group (Metro SCG), a Montréal-based provider of customized logistics services and supply chain solutions. No financial terms were disclosed for the deal, which adds to an investment made by the Caisse last April. Metro SCG will use the proceeds to execute its growth strategy, which targets acquisitions, new markets and further global expansion. It will give particular focus to e-commerce opportunities. Established in 1974 by CEO Chiko Nanji, Metro SCG moves more than $20 billion in goods each year through its logistics centres located in North America and Europe.
3 min read · 16 January 2019
PerfectServe has acquired Telmediq, a Victoria, British Columbia-based secure communications platform for the healthcare sector. Terms weren't released. Founded in 2012 by CEO Ben Moore, Telmediq has its U.S. office in Seattle, Washington. PerfectServe, a Knoxville, Tennessee-based provider of clinical communication and collaboration solutions, said together the companies have more than 500,000 clinical users across 250 hospital sites and 27,000 physician practices and post-acute care organizations. Last year, PerfectServe was acquired by K1 Investment Management, a U.S. enterprise software private equity firm.
5 min read · 16 January 2019
Foodtastic Inc has acquired Les Rotisseries Au Coq, a Montréal-based specialist in delivery and carry-out rotisserie style chicken. No financial terms were disclosed. Au Coq was established in 1960 by the Benny family. Foodtastic, a Montréal-based franchisor of restaurant concepts, said the deal is in line with a strategy of acquiring local brands with growth potential that complement its existing portfolio. Au Coq is Foodtastic’s second acquisition since it secured a $47 million investment in November from Restaurant Royalty Partners, a joint venture of Oaktree Capital Management and JHR Capital.
2 min read · 16 January 2019
Canadian private equity firm PFM Capital has secured more than $80 million in the first close of Apex III Investment Fund LP. The fund, which has a target of $100 million and a hard cap of $125 million, was backed by wealthy and institutional investors. It is expected to wrap up in the first half of 2019. Apex III will invest equity, quasi-equity or subordinated debt in mid-market companies in energy, value-added agriculture, industrial and manufacturing sectors in Western Canada. The capital will be used mostly for expansions, acquisitions and management buyouts. Established in 1989, Regina-based PFM is led by President and Founding Partner Randy Beattie.
3 min read · 16 January 2019
IAM Private Debt Group, an affiliate of Integrated Asset Management Corp (IAM), has secured $843 million in the close of its sixth private corporate debt fund. The close brings the group's total assets managed and committed capital to about $3.1 billion. Since 2005, it has raised more than $3.5 billion from Canadian pension funds, endowments, insurers and other institutional investors. Led by President Philip Robson, IAM Private Debt Group provides term loans of $10 million-plus to mid-market companies for refinancings, acquisitions, plant expansions or modernizations, project financings and management buyouts. IAM is a Toronto-based alternative asset management firm.
2 min read · 16 January 2019
Canadian private equity firm Equicapita last month acquired Shaw Group of Dental Laboratories, a Toronto-based network of dental laboratories. No financial terms were disclosed. The seller was the company's owner-operator James Kerr. Established in 1944, Shaw Group has a customer base that includes more than 1,500 dentistry professionals located in Canada and the United States. The acquisition is Equicapita's tenth to date and its first in the healthcare sector. It was led by Managing Director Adam Jezewski. This week, Equicapita announced Ali Rezaei joined Shaw Group as deal partner, CEO and president.
3 min read · 15 January 2019
Gateway Casinos & Entertainment Ltd has acquired Chances Casino Kamloops, a Kamloops, British Columbia-based gaming company. No financial terms were disclosed. Gateway, a Vancouver-based gaming and entertainment business, said the acquisition increases the number of properties it operates in British Columbia, Alberta and Ontario to 26. In November, Gateway, which has been owned since 2010 by Canadian private equity firm Catalyst Capital Group, filed for an initial public offering on the New York Stock Exchange.
3 min read · 15 January 2019
Public Sector Pension Investment Board (PSP Investments) has acquired a majority stake in BFB Pty Ltd, a Temora, Australia-based diversified farming business. Terms weren't disclosed. The seller was U.S. resource private equity firm Proterra Investment Partners, which invested in 2008. PSP, which did the deal through its natural resources group, said it will support BFB's continued strategic development. Established in 1985, BFB has a cropping portfolio comprising 44,167 hectares of arable land, as well as grain storage, fertilizer, agronomy, livestock, farming and logistics businesses.
4 min read · 15 January 2019
