Private Equity
Canadian private equity firm Onex Corp has wrapped up its previously-announced purchase of Hospital Physician Partners (HPP), a U.S.-based provider of emergency and hospital medicine clinical staffing services. The acquisition was made by Schumacher Group, which operates in the same sector as HPP and was bought by Onex earlier this month. Onex currently holds a 71 percent interest in Schumacher. The investment in HPP was funded by incremental debt and equity from various parties, with Onex contributing US$105 million. Established in 2002, the company has its headquarters in Hollywood, Florida.
2 min read · 26 August 2015
Canadian oil and gas producer Encana Corp said it will sell its Haynesville natural gas assets in northern Louisiana for US$850 million to GEP Haynesville LLC, Reuters reported. GEP Haynesville is a joint venture between GeoSouthern Haynesville LP and funds managed by GSO Capital Partners LP, a credit-focused unit of U.S. private equity firm Blackstone Group.
1 min read · 25 August 2015
Canada Pension Plan Investment Board has closed its previously announced buy of middle market lender Antares Capital. The seller was GE Capital. The value of the transaction is about US$12 billion.
4 min read · 24 August 2015
Ironbridge Equity Partners announced this week that it has made an investment of an undisclosed size in Alliance Corporation along with the company's managers. Based in Mississauga, Alliance is a distributor and manufacturer of wireless and broadband infrastructure products and services and is the fourth investment made by Ironbridge's second fund.
2 min read · 21 August 2015
Altas Partners announced this week that it has partnered with la Caisse de dépôt et placement du Québec to acquire Capital Vision Services, a Virginia-based management services provider to MyEyeDr optometry practices. The company was previously the recipient of private equity financing from Monitor Clipper Partners in 2012.
2 min read · 21 August 2015
Boston-based TA Associates announced today that it has completed an investment in Plusgrade. With offices in Montreal and New York, Plusgrade offers services for airlines to maximize revenues from air travelers seeking upgrades and was founded in 2009. Financial terms were not disclosed.
4 min read · 18 August 2015
Canada Pension Plan Investment Board, the largest pension fund manager in Canada and one of its most active dealmakers, said on Tuesday it has invested C$170 million ($130 million) in a Malaysian real estate joint venture, marking its first direct real estate investment in Southeast Asia.
1 min read · 18 August 2015
Signal Hill Equity Partners has made an investment in Calgary-based City Wide Towing & Recovery Service, a provider of vehicle recovery services founded in 1963, to fuel the company's growth prospects and financial terms were not disclosed.
2 min read · 17 August 2015
Canada's Brookfield Infrastructure BIP.N said it will buy Australia's rail freight firm Asciano Ltd AIO.AX in a deal valued at about A$12 billion ($8.84 billion).
2 min read · 17 August 2015
Capital Vision Services LP has secured undisclosed equity funding from an investor group led by Atlas Partners and Caisse de dépôt et placement du Québec. CVS is provider of management services to optometry practices.
4 min read · 17 August 2015
