Canada

Mogo Finance Technology secures $200 mln in credit from Fortress

Canadian online lending platform Mogo Finance Technology Inc (TSX: GO), which went public in June, has completed an agreement with the credit arm of Fortress Investment Group, a U.S. private equity firm. The transaction will provide Vancouver-based Mogo with a new expandable revolving credit facility of up to $200 million. The facility, which has a five-year term, will be used to finance expansion of its consumer installment loans of up to $35,000. Mogo also issued share purchase warrants to Drawbridge Special Opportunities Fund LP, another Fortress affiliate. As reported by peHUB Canada in May, the company has previously utilized credit provided by Fortress.

Vertex acquires 32 Degrees' platform company Ignite Energy Services

Vertex Resource Group Ltd has bought Ignite Energy Services Ltd, Glacier Ridge Ventures Ltd and Tar Energy Services Ltd for an undisclosed sum. The companies are providers of fluid production hauling and management services, and operate vacuum trucks, pressure trucks, hydro-vac trucks, steam trucks and water trucks. The Sherwood Park, Alberta-based Vertex said the deal will expand the depth of its oilfield services division and environmental consulting and safety and medical divisions. Calgary's Ignite was a platform investment of Canadian private equity firm 32 Degrees Capital. It acquired Glacier and Tar in 2014, according to a LinkedIn profile.

Ontario Teachers' affiliate to buy senior homes operator Amica: Reuters

BayBridge Seniors Housing Inc, owned by the Ontario Teachers' Pension Plan Board, is taking luxury senior homes operator Amica Mature Lifestyles Inc (ACC.TO) private for $578 million, Reuters reported. Vancouver-based Amica has 26 luxury seniors residential properties across Ontario, British Columbia and Alberta.

Exor closes $2 bln sale of Cushman & Wakefield to PE-backed DTZ: Reuters

Italian holding company Exor said on Wednesday it has closed the sale of Cushman & Wakefield to Chicago-based DTZ in a deal that valued the U.S. real estate services group at US$2 billion, Reuters reported. DTZ is owned by private equity group TPG, PAG Asia Capital and the Ontario Teachers' Pension Plan. The group acquired the business in 2014.

Private equity exec Greg Gutmanis rejoins Diversified Royalty

Vancouver-based Diversified Royalty Corp, which acquires royalties from North American businesses and franchisors, has named Greg Gutmanis as chief financial officer, vice president of acquisitions and corporate secretary. Gutmanis rejoins Diversified Royalty after previously serving as the firm's interim CFO from March 2014 to January 2015. He is the former CFO and vice president of Maxam Capital Corp, a Canadian private equity firm. Prior to this, he worked at Capital West Partners.

BDC, IQ commit funding to support Pascan Aviation's restructuring

Regional airline Pascan Aviation Inc has filed for creditor protection to facilitate a restructuring of its operations. Its two creditors, the Business Development Bank of Canada (BDC) and Investissement Québec (IQ) will provide $1 million in interim financing to support Pascan's recovery plan. Founded in 1999, the company has its headquarters in Saint-Hubert, Québec.

Sentient-backed Ivernia inks $30 mln deal to acquire Geo Zone

Ivernia Inc (TSX: IVW) has agreed to acquire Geo Zone Exploration Ltd, a mineral exploration company with assets and properties in the United States, for about US$30 million. In connection with the transaction, Enirgi Group Corp, Ivernia's majority investor, will convert about $12.5 million of outstanding debt owed by the company to Enirgi into common shares. Upon the close of the deal, which is expected in November, Enirgi will have an 85.1 percent interest in Ivernia. Based in Toronto, Ivernia is the sole owner of the Paroo Station Mine in Western Australia. Enirgi is backed by The Sentient Group, a resource private equity firm based in the Cayman Islands.

PE-backed Vubiquity buys digital supply chain provider Juice

Vubiquity has bought Juice Worldwide, a digital supply chain solutions company based in Toronto. No financial terms were published. Vubiquity, which has its headquarters in Reston, Viriginia, said the transaction facilitates its strategy for expanding premium content services and global distribution capabilities by providing more content to consumers. Formerly known as Avail-TVN, Vubiquity is backed by a number of U.S. private equity and venture capital firms, including Columbia Capital, The Carlyle Group, Novak Biddle Venture Partners and Valhalla Partners. Carlyle led a US$100 million financing of the company in 2012.

Allianz and Borealis Infrastructure eye London City Airport: Reuters

German insurer Allianz SE has joined Borealis Infrastructure, which manages investments for the Ontario Municipal Employees Retirement System, to explore a bid for London City Airport, a source told Reuters. The estimated US$3.08 billion opportunity has also attracted a bid from a consortium that includes Ontario Teachers' Pension Plan, a recent report said.

Brookfield buys into Indian infrastructure with road and power deal: Reuters

Brookfield Asset Management made its first significant investment in Indian infrastructure, buying six road and three power projects from Gammon Infrastructure Projects Ltd, Reuters reported. A consortium of Brookfield and Core Infrastructure India Fund are buying the projects in a deal that includes a US$85 million cash payment and future undisclosed sums based on performance.