Private Equity
Processia Solutions has acquired Europe's NobleTek BV and India's NobleTek PLM Solutions Pvt Ltd, both product-lifecycle-management (PLM) consulting and integration services affiliates of U.S.-based Noble Technologies Corp. No financial terms were disclosed for the deal, which was backed by longstanding Processia investor Fonds de solidarité FTQ. Processia, a Laval, Québec-based PLM consulting and system integration specialist, said the buy extends it global presence into India, the Netherlands and Sweden and strengthens the company's positioning, expertise and competitiveness.
3 min read · 11 April 2018
Ontario Teachers' Pension Plan has agreed to acquire a 40 percent minority stake in European Camping Group (ECG), an Aix-En-Provence, France-based provider of mobile-homes holiday rentals. No financial terms were released for the deal, which is expected to close in Q2 2018. The sellers are Carlyle Group and Montefiore Investment, which acquired ECG in September 2014. Carlyle and Montefiore will continue to be the company's majority shareholders. ECG owns and operates a rental fleet of more than 20,000 units, of which more than 90 percent are mobile homes.
5 min read · 11 April 2018
Ivanhoé Cambridge, the real estate investment arm of Caisse de dépôt et placement du Québec, has appointed Karim Habra as head of Europe. In his new role, Habra will be responsible for Ivanhoé Cambridge's European platform and its future growth. Habra begins his new position on July 2nd and will operate from the firm's European headquarters in Paris. Habra is joining Ivanhoé Cambridge from LaSalle Investment Management where he is head of Continental Europe.
2 min read · 10 April 2018
Clarivate Analytics has acquired Kopernio Ltd, a London-based artificial intelligence-enabled manager of journal articles. No financial terms were released. Clarivate, a Philadelphia-based owner and operator of subscription-based businesses, said the deal will create a publisher-neutral platform for research workflow and analysis for scientific researchers, publishers and institutions worldwide. Clarivate was launched in 2016 with the US$3.55 billion acquisition of Thomson Reuters' intellectual property and science unit by Onex Corp and Baring Private Equity Asia.
5 min read · 10 April 2018
Dominion Colour Corp, a Toronto-based supplier of colour pigments, dispersions and preparations to the coatings, plastics and ink industries worldwide, has merged with Pearl River, New York-based Lansco Colors, which operates in the same sector. No financial terms were disclosed. U.S. private equity firm HIG Capital, which acquired Dominion Colour in 2016, said the combined entity will have greater geographic presence, particularly in North America and Europe, and provide a complete solution to pigment-consuming customers. Lansco's management will remain with the merged business. CEO Mark Vincent has led Dominion Colour since HIG's acquisition.
5 min read · 10 April 2018
Canada Pension Plan Investment Board (CPPIB) has invested $185 million in Island Star Mall Developers Pvt Ltd (ISMDPL), an Indian retail development investment platform co-owned with Mumbai's The Phoenix Mills Ltd. The deployment, which adds to one made a year ago, brings CPPIB's total investment in ISMDPL to $328 million, giving the pension system a 49 percent stake. The additional funding will allow the platform to undertake new developments and acquisitions, creating new retail-led mixed-use assets. ISMDPL's debut acquisition in Pune, India was made last August.
4 min read · 10 April 2018
Public Sector Pension Investment Board (PSP Investments) has partnered with Crestpoint Real Estate Investments to acquire a portfolio of 12 office and industrial buildings located in the Vancouver region. The deal forms part of a $500 million package of property acquisitions made by Crestpoint, a commercial real estate investor, since January. The Vancouver assets include the head office of Mountain Equipment Co Op. Crestpoint is an affiliate of Toronto-based asset manager Connor, Clark & Lunn Financial Group Ltd.
4 min read · 10 April 2018
Verifone Systems Inc (NYSE: PAY), a U.S. provider of payments and commerce solutions at the point of sale, has agreed to be acquired by an investor group led by U.S. private equity firm Francisco Partners. The investor group, which includes British Columbia Investment Management Corp (BCI), will buy Verifone for US$23.04 per share in cash, representing a total consideration of about US$3.4 billion, including net debt. The company's board has approved the take-private deal, which includes a go-shop period. It is expected to close in the third quarter. Founded in 1981, Verifone is based in San Jose, California.
4 min read · 09 April 2018
Canadian private equity firm Walter Capital Partners has acquired a majority stake in Plasticase Inc, a Montréal-based specialty and protective carrying-case products maker. No financial terms were released. Jean-Pierre Grenier, Plasticase's founder and CEO, will remain as a minority shareholder. Established in 1984, Plasticase designs and manufactures products under its PLASTICASE and NANUK brands, serving such global industries as law enforcement, military, medical technology and specialty packaging value-added re-sellers. The company said the partnership with the recently recapitalized Walter Capital will help it undertake a next phase of growth.
3 min read · 09 April 2018
Boucherville, Québec-based mining company Kintavar Exploration Inc (TSX-V: KTR) has raised an initial $2.5 million of a proposed $15 million private placement deal. Caisse de dépôt et placement du Québec invested in the first tranche, the company said. Kintavar, which explores and develops precious metals and base metals properties in Québec, said the proceeds will be used for an upcoming drilling program at its Mitchi copper project located in the Laurentian region. It will also use the proceeds for working capital purposes.
3 min read · 09 April 2018
