Arcapita related stories
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Teachers’ Private Capital completes $1 bln acquisition of PODSTeachers’ Private Capital has completed its acquisition of PODS Inc, a Clearwater, Florida-based provider of moving and storage solutions. The value of the deal, which was not published when it was announced /canada/2014/12/22/teachers-private-capital-to-acquire-pods-from-arcapita/ in December 2014, was identified at the close as being in excess of US$1 billion. The long-term equities group of Teachers’ Private Capital, the private equity investment arm of Ontario Teachers Pension Plan, bought PODS from an investor group led by Bahrain private equity firm Arcapita. PODS said the new partnership will help the company execute its strategic growth plan.
Teachers' Private Capital to acquire PODS from ArcapitaTeachers' Private Capital has agreed to purchase PODS Inc (Portable On Demand Storage), a U.S. provider of container-based moving and storage solutions. The financial details of the acquisition were not disclosed. The company was sold by an investor group led by Bahrain-based private equity firm Arcapita, which acquired PODS for US$430 million in late 2007. The long-term equities group of Teachers' Private Capital, the private equity investment arm of Ontario Teachers Pension Plan, was responsible for the deal, which is expected to close in the first quarter of 2015. Teachers said it will run PODS as a standalone business operation under existing management.
CVC secures €700m Finnish dealThis is the third investment the firm has made from its €10.5bn CVC European Equity Partners VI
- CVC in exclusive talks to acquire Finland's Paroc, say sources-Reuters
European private equity firm CVC is in exclusive talks to acquire Finnish insulation material maker Paroc, two sources told Reuters.
- PE firm eyes $1 bln sale of PODS Enterprises
Eagle Merchant Partners, a private equity firm, is exploring a sale of PODS Enterprises Inc that could value the U.S. moving and storage company at about $1 billion, including debt, according to people familiar with the matter.
- Private equity funds bid for Finnish insulation firm Paroc, say sources-Reuters
Private equity funds TPG, Nordic Capital, CVC and Cinven are among those to have put in first-round bids for Finnish insulation material maker Paroc, sources told Reuters.
- Tensar Corporation acquired by Castle Harlan
Tensar Corporation has been acquired by Castle Harlan. Tensar Corporation was previously owned by Arcapita.
- OMERS Private Equity returns 19% in 2012(2)
The Canadian pension plan’s private equity portfolio outperformed all other asset classes in 2012, driven by its shift into direct investing, says OMERS Private Equity CEO Paul Renaud.
- Eagle Merchant Partners acquires Texan Dairy Queen franchisee
Atlanta private equity firm Eagle Merchant Partners has bought Vasari, the largest Dairy Queen franchisee in Texas. No financial terms were disclosed.
- Ivanhoé Cambridge and TPG acquire European warehouse investor P3
U.S. private equity firm TPG and Ivanhoé Cambridge, the real estate investment arm of pension fund manager the Caisse de dépôt et placement du Québec, have acquired PointPark Properties (P3) from Bahrain alternative investment firm Arcapita. Based in Prague, Czech Republic, P3 is a specialist investor, developer and asset manager of warehouse properties located in Europe. While the deal's value was not disclosed, one source http://www.bloomberg.com/news/2013-10-15/tpg-ivanhoe-said-to-acquire-warehouses-worth-1-billion.html has estimated it at around US$1 billion. As part of the transaction, TPG and Ivanhoé will commit additional capital to strengthen P3's balance sheet and support future growth.