Private Equity
Riverbed Technology Inc has acquired Germany's Ocedo, a provider of software-defined networking and software-defined wide-area-network solutions. No financial terms were disclosed. Riverbed, a San Francisco-based application performance infrastructure company, said the acquisition accelerates its strategy to deliver software-defined networking solutions and creates new opportunities for growth. Last April, Riverbed was taken private by Thoma Bravo and Ontario Teachers’ Pension Plan (OTPP). The deal was valued at about US$3.5 billion.
4 min read · 20 January 2016
Alberta Investment Management Corp (AIMCo) has acquired a minority ownership stake in DFG Investment Advisers Inc, an asset management firm specializing in structured and alternative credit products. No financial terms were released. Based in New York, DFG manages about US$2 billion of assets. AIMCo said the deal deepens an existing partnership between the two organizations, which goes back to 2009. Edmonton-based AIMCo manages $85 billion of assets on behalf of Alberta pension, endowment and government funds.
3 min read · 20 January 2016
Therapure Biopharma, a Canadian biopharmaceutical company owned by Catalyst Capital Group, has set the terms of its previously announced initial public offering. Therapure is seeking about $130 million, according to an IPO prospectus amended earlier this month. The offering includes a secondary sale by Catalyst.
2 min read · 20 January 2016
Canadian private equity firm Regimen Partners has made an undisclosed equity investment in Central Technology Services Corp. Based in Oakville, Ontario, Central provides customized transaction structures and financial solutions designed to assist large companies that are acquiring technology assets. The company was founded in 1996. Regimen said the investment in Central will focus on pursuing opportunities in North America's enterprise software market. The deal follows Vancouver-based Regimen's announcement last November that it had opened a new office in Toronto.
2 min read · 20 January 2016
Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, has participated in the acquisition of 16 multifamily properties in San Francisco. The deal, valued at US$200 million, was done in collaboration with Veritas Investments, an Ivanhoé partner since 2014. Ivanhoé said it and Veritas now jointly own a total of 45 properties, averaging 30 residential housing units per building, across San Francisco.
3 min read · 19 January 2016
Postal Savings Bank of China (PSBC) has invited investment banks to pitch for a Hong Kong IPO worth up to US$15 billion, a source told Reuters, setting the ball rolling for what is likely to be the world's biggest listing this year. The move follows PSBC's raise in December of US$7 billion from a group of private investors, including Canada Pension Plan Investment Board.
2 min read · 19 January 2016
Brookfield Asset Management has made a proposal to acquire the common shares of Rouse Properties Inc (NYSE: RSE), a real estate investment trust and shopping mall owner based in New York. The deal, which Rouse said was unsolicited, reflects an offer to shareholders of US$17 in cash per share, or about US$657 million in total, according to Bloomberg. As part of the deal, Brookfield Property Partners LP would retain the 33 percent interest in the company that it currently owns. Founded in 2012, Rouse holds a diversified portfolio that includes 35 malls and retail centres located across the United States, encompassing about 24.1 million square feet.
2 min read · 19 January 2016
GFL Excavating Corp, an affiliate of GFL Environmental Inc, has acquired all of the shares of Anchor Shoring Group, a Toronto-based specialist in the design and installation of soil retention and engineered foundations. No financial terms were released. GFL, an environmental services company, said the acquisition will add to the soil remediation, excavation and demolition capabilities of its infrastructure services group, and help it to complete large-scale contracts. Vaughan, Ontario-based GFL is backed by Highbridge Principal Strategies and Hawthorn Equity Partners. Last October, it agreed to to buy TransForce Inc's solid waste business for $800 million.
2 min read · 18 January 2016
Dynacor Gold Mines Inc (TSX: DNG) has raised US$10 million in senior secured credit facilities from Third Eye Capital Corp. The company also agreed to issue 950,000 common share purchase warrants to Third Eye. Each warrant is exercisable at $1.83 per common share. Based in Montréal, Dynacor is a gold ore processing and exploration company active in Peru. It plans to use the credit facilities to fund the completion of a new gold ore processing mill. Third Eye is a Canadian provider of private loans to under-appreciated businesses.
3 min read · 18 January 2016
Zayo Group Holdings Inc (NYSE: ZAYO), a portfolio company of U.S. private equity firm GTCR, has closed its acquisition of Allstream Inc, a Canadian provider of bandwidth and telecommunications services. The deal, announced late last year, saw Allstream sold to Zayo by Manitoba Telecom Services Inc (TSX: MBT) for $465 million. Zayo, a Boulder, Colorado-based communications infrastructure services business, said the Allstream buy gives it extensive intercity and metro fibre assets located throughout Canada. GTCR invested in Zayo in 2012.
4 min read · 15 January 2016
