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PE-backed Husky Injection Molding Systems closes buy of Switzerland's SchöttliHusky Injection Molding Systems Ltd has completed its previously-announced purchase of Schöttli Group of Diessenhofen, Switzerland, which specializes in medical and closure mold making. The seller in the non-disclosed transaction was European private equity firm CGS Management, which acquired a majority stake in Schöttli in 2008. Husky, a supplier of injection molding equipment and services to the plastics industry, said the deal would give it deeper knowledge in medical applications, and expertise to build melt delivery systems. The Bolton, Ont-based Husky is a portfolio company of OMERS Private Equity and Berkshire Partners. OMERS and Berkshire jointly bought the business from Onex Corp for $2.1 billion in 2011.
OMERS Private Equity's Logibec completes buy of QHR's EMC unitMontréal-based Logibec Groupe Informatique Ltd, a portfolio company of OMERS Private Equity, has closed its buy of the enterprise management solutions division (EMS) division of QHR Corp for $20 million. The EMS division, which is a provider of administrative software solutions for healthcare organizations in Canada, will operate under the name of Quadrant. Update: OMERS Private Equity took Logibec private for $237 million in 2010. Société générale de financement du Québec partnered as a minority investor in that transaction.
OMERS Private Equity's Logibec completes buy of QHR's EMC unitMontreal-based Logibec, a portfolio company of OMERS Private Equity, has closed its buy of the EMS division of QHR Technologies for CAD$20 million. The EMS division, which is a provider of administrative software solutions for healthcare organizations in Canada, will operate under the name of Quadrant.
Constellation Software to buy Total Specific Solutions for $350 mlnConstellation Software Inc (TSX: CSU) has agreed to buy Total Specific Solutions B.V., a Dutch provider of software solutions to healthcare organizations, governments and financial institutions, for EUR 240 million (approximately C$350 million). In conjunction with the deal, which is expected to close before the end of 2013, Constellation has amended its existing credit facility to add a term loan of US$350 million to be used for the purposes of funding the acquisition and related expenses. The Toronto-based Constellation, which is focused on acquiring, managing and building vertical market software businesses, is a portfolio company of OMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System.
Birch Hill Equity Partners to exit DHX Media via $133 mln secondary offeringCanadian mid-market private equity firm Birch Hill Equity Partners has agreed to sell common shares in DHX Media Ltd (TSX: DHX) at a price of $4.70 per share. The secondary offering transaction, which is expected to close in Jan. 2014, will realize proceeds of approximately $133 million. Halifax, Nova Scotia-based DHX Media, which is focused on TV production and distribution, interactive content and entertainment licensing, became a portfolio investment of Birch Hill and OMERS Private Equity when the company bought Cookie Jar Group for $111 million in 2012. DHX Media recently acquired Ragdoll Worldwide Ltd /canada/2013/09/17/pe-backed-dhx-media-acquires-teletubbies-owner-ragdoll-28-4-mln/ as well as the Family Channel /canada/2013/11/29/pe-backed-dhx-media-inks-deal-to-buy-childrens-channels-for-170-mln/ and Disney-branded channels.rens-channels-for-170-mln/" target="_blank">Family Channel and Disney-branded channels.
PE-backed Constellation Software buys ASA Automotive SystemsConstellation Software Inc (TSX: CSU), which acquires, manages and builds vertical market software businesses, has bought for an undisclosed sum ASA Automotive Systems LLC, a Merrimack, New Hampshire-based supplier of on-premise and cloud-based software products for tire dealers, auto repair shops, and re-treaders. The deal was done through the company's subsidiary, Vela Operating Group. The Toronto-based Constellation is a portfolio company of OMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System.
- OMERS Private Equity's Logibec agrees to acquire QHR's EMS unit
Montreal-based Logibec, a portfolio company of OMERS Private Equity, has agreed to acquire the Enterprise Management Solutions division of QHR Technologies for CAD$20M. The transaction is expected to close in December 2013. The EMS division, which is a provider of administrative software solutions for healthcare organizations in Canada, will operate under the name of Quadrant.
- OMERS-backed Logibec to buy EMS division of QHR Technologies for $20 mln
Logibec Groupe Informatique Ltd has agreed to buy the enterprise management solutions division of Kelowna, B.C.-based QHR Corp for $20 million, less working capital adjustments. The business unit, which will operate under the name of Quadrant upon closing of the deal later this month, is a provider of administrative software solutions for healthcare organizations. Logibec said the acquisition strengthens its position as a healthcare-focused software solutions provider in Canada. The Montréal-based Logibec is a portfolio company of OMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System. OMERS took the company private for $237 million in 2010. Société générale de financement du Québec partnered as a minority investor in the 2010 transaction.
Competition Bureau OKs acquisition of Public Mobile by TelusThe federal Competition Bureau has approved the purchase of Toronto-based wireless telecom services provider Public Mobile Inc by Telus Corp (TSX: T). The undisclosed acquisition deal was announced /canada/2013/10/24/canadas-telus-agrees-buy-startup-public-mobile-reuters/ in October, and will provide exits to Thomvest Seed Capital and Cartesian Capital, which bought Public Mobile from other private equity and venture capital firms, including OMERS Private Equity, earlier this year. In its ruling, the Bureau concluded that "the proposed transaction is unlikely to lead to a substantial lessening or prevention of competition" in affected areas of operation.
PE-backed DHX Media inks deal to buy children's channels for $170 mlnDHX Media Ltd (TSX: DHX) has agreed to acquire Family, the most-viewed children's channel in Canada, and three Disney-branded channels from Bell Media for around $170 million. The company said the purchase price is expected to be financed with a credit facility and cash on hand. The deal, which follows DHW Media's purchase /canada/2013/09/17/pe-backed-dhx-media-acquires-teletubbies-owner-ragdoll-28-4-mln/ of Ragdoll Worldwide Ltd in September, is expected to be completed in 2014. The Halifax, Nova Scotia-based DHX Media, which is focused on TV production and distribution, interactive content and entertainment licensing, became a portfolio company of Canadian buyout firms Birch Hill Equity Partners and OMERS Private Equity when it bought Cookie Jar Group last year. Cookie Jar had been backed by Birch Hill and OMERS since 2004.