Private Equity
Brookfield Business Partners LP has agreed to sell its 81 percent stake in Toronto-based North American Palladium Inc, a mining company, for about US$570 million. The buyer is Impala Platinum Holdings. The deal is expected to close in the fourth quarter of this year. Brookfield first invested in NAP in 2015.
2 min read · 07 October 2019
Q has agreed to acquire Sparta, New Jersey-based TBL Performance Plastics, a maker of single-use bio-process components and systems including fittings, tubing, single-use assemblies and fabrication. No financial terms were disclosed. Q is backed by 3i.
2 min read · 07 October 2019
Nautic Partners has sold Custom Window Systems Inc to Pella Corporation. No financial terms were disclosed. Florida-based CWS is a maker of high-quality windows and doors.
3 min read · 04 October 2019
PSP Investments, a Canadian pension fund, has agreed to acquire Webster Ltd, an Australian agribusiness company, for A$854 million, reported Reuters. PSP Investments currently holds a 19.1 percent stake in Webster. The deal is slated to close in early 2020, pending shareholder approval.
1 min read · 03 October 2019
Ksaria, a portfolio company of Behrman Capital, has acquired Fort Worth, Texas-based CIA&D, a maker of electrical wiring harnesses, ignition leads and flexible metal conduits. No financial terms were disclosed.
3 min read · 03 October 2019
Québec City-based natural stone quarrier Polycor Inc has acquired Bedford, Indiana-based Elliott Stone Company, a quarrier and fabricator of limestone. No financial terms were disclosed. Polycor is a portfolio company of Canadian private equity firm TorQuest Partners.
2 min read · 03 October 2019
ICV Partners LLC said Oct. 3 that it invested in Horizon Air Freight Inc. Financial terms weren’t announced. Horizon Air Freight, of New York, is a specialized freight forwarder focused on the marine industry.
3 min read · 03 October 2019
TPC Wire & Cable Corp, a portfolio company of Audax Private Equity, said Oct. 2 that it closed its buy of Cicoil LLC. Financial terms weren’t announced. Cicoil, of Valencia, California, makes and distributes flat cable and flat and round cable assemblies.
3 min read · 03 October 2019
Kinderhook Industries LLC said Oct. 3 that it acquired Copperweld Bimetallics LLC. Financial terms weren’t announced. Copperweld, of Fayetteville, Tennessee, supplies bimetallic wiring products and the only domestic producer of copper clad steel and copper clad aluminum wire.
1 min read · 03 October 2019
Pala Investments has increased its offer to acquire Cobalt 27 for $4 per share from $3.57 per share. This figure represents an additional $30 million cash consideration to Cobalt 27 shareholders. Scotiabank and Regent Advisors provided financial advice to Cobalt 27 on the new arrangement while Goldman Sachs did likewise for Pala. Pala has received financing commitments from Société Générale and ING Capital LLC as joint lead arrangers for loan facilities related to the transaction. Toronto-based Cobalt 27 is a battery metals streaming company.
7 min read · 02 October 2019
