Private Equity
Total Specific Solutions BV, a subsidiary of Constellation Software Inc, has bought all of the shares of NCCW Holding BV, a Dutch provider of property management software solutions. No financial terms were disclosed. Total Specific Solutions said the acquisition provides it with a presence in the real estate market. Toronto-based Constellation, an acquirer, manager and builder of vertical market software companies, is a portfolio investment of OMERS Private Equity.
2 min read · 04 July 2016
Gran Tierra Energy Inc (NYSE, TSX: GTE) has agreed to acquire PetroLatina Energy Ltd, a U.K.-based exploration and production company with assets in Colombia, for US$525 million in cash. The deal is expected to close before the end of October. Calgary-based Gran Tierra, an oil and gas company focused on operations in South America, said the acquisition will provide it with an attractive portfolio of development opportunities in Colombia's Middle Magdalena basin. PetroLatina has been backed by Colombian private equity firm Tribeca Asset Management since May 2008.
10 min read · 04 July 2016
ABC Group Inc, a Canadian automotive systems and components manufacturer, has been acquired by U.S. private equity firm Cerberus Capital Management. No financial terms were disclosed. Founded in 1974, Toronto-based ABC designs, develops and manufactures a thermoplastic product portfolio from 36 locations in North America, South America, Europe and Asia. Mary Anne Bueschkens, the company's new CEO, said the partnership with Cerberus will provide greater access to capital with which to pursue growth. As part of its investment, Cerberus will introduce a new board of directors. It will include a mix of senior automotive executives and Cerberus representatives.
4 min read · 04 July 2016
AlliancePharma Inc (TSX-V: APA) has agreed to acquire three companies: Pro-J-Pharma Inc, a specialist in personnel placement in pharmacies; Pharmapar Inc, a generic pharmaceutical distribution company; and liV Inc, a medical communications agency. AlliancePharma, a Thetford Mines, Québec-based provider of job placements in the pharmacy industry, said the acquisitions will expand its capabilities, its scope of services, and its range of customers. The deals will be backed by a $4 million investment from Persistence Capital Partners, a Canadian healthcare private equity firm.
10 min read · 04 July 2016
Implus Corp, a portfolio company of U.S. private equity firm Berkshire Partners, has acquired the insole and medical adhesive assets of Spenco Medical Corp, a health and footcare company based in Waco, Texas. No financial terms were disclosed for the deal, which will see Implus assume Spenco's Canadian operations based in Mississauga, Ontario. Headquartered in Durham, North Carolina, Implus is a designer and distributor of athletic, fitness, and outdoor accessories. It received a majority investment from Berkshire in April 2015.
3 min read · 04 July 2016
British private equity firm Apax Partners LLP said it will sell Trader Corp, a Canadian provider of advertising for automotive dealers, to U.S. peer Thoma Bravo for about $1.57 billion, Reuters reported. The deal is expected to close in the fourth quarter. Trader Corp offers digital advertising tools to automotive dealers and also runs online car marketplaces, including autoTRADER.ca, which generate 13 million visits each month.
1 min read · 03 July 2016
Cubico Sustainable Investments has acquired ten U.K. operational solar projects totaling 65 megawatts from British Solar Renewables. Financing of eight of the parks was arranged in a facility with National Australia Bank. The other parks are expected to enter the facility shortly, taking total debt for the acquired assets to £60 million. With the deal, Cubico’s portfolio now comprises 29 wind, solar and water infrastructure assets located in eight countries. Cubico was launched in May 2015 with the backing of Canada's Ontario Teachers’ Pension Plan (OTPP) and PSP Investments in partnership with Banco Santander SA.
3 min read · 30 June 2016
Brookfield Global Integrated Solutions has agreed to acquire the Canadian real estate facilities management business of SNC-Lavalin (TSX: SNC). No financial terms were disclosed for the deal, which is expected to wrap up by the end of 2016. The SNC-Lavalin unit manages multi-million square feet and employs more than 1,000 team members. Its proposed acquisition is the second this month for Brookfield GIS, coming on the heels of the company's announcement to buy McKinstry FMS. Markham, Ontario-based Brookfield GIS is backed by the fourth private equity fund of Brookfield Asset Management, which recently closed at US$4 billion.
3 min read · 30 June 2016
Laurentian Bank of Canada said it would acquire CIT Group Inc's Canadian equipment financing and corporate financing business, a portfolio worth about $1 billion, Reuters reported. The deal is expected to close in the fourth quarter of this year.
1 min read · 30 June 2016
AT&T Inc (NYSE: T) has closed its acquisition of Quickplay Media Inc, a Canadian portfolio company of U.S. private equity firm Madison Dearborn Partners. No financial terms were disclosed for the deal, which was announced in May. Toronto-based Quickplay, a managed video platform that powers video over all networks and devices, was acquired by Madison Dearborn for US$100 million in July 2012. The company also received funding from Orix Ventures and Difference Capital Financial.
3 min read · 30 June 2016
