Vestar Capital Partners related stories
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Bhakti Chai fetches $3 mln from CIFThe Colorado Impact Fund, which is managed by an affiliate of Vestar Capital Partners, has made an investment of $3 million in Bhakti Chai. Also, John Foraker, president of Annie’s Inc has been added to Bhakti's board. Based in Boulder, Colorado, Bhakti is a maker of chai tea.
Republic Services closes buy of PE-backed Tervita's U.S. operationsRepublic Services Inc (NYSE: RSG) has completed its previously announced purchase http://media.republicservices.com/2014-12-19-Republic-Services-to-Acquire-Tervita-Corporations-U-S-Based-Operations of Tervita LLC, the U.S. subsidiary of Canadian environmental waste solutions provider Tervita Corp. The financial terms of deal were not published. Republic Services, a U.S. recycling and non-hazardous solid waste company, said the acquisition will support its expansion into the energy exploration and production waste sector. Since 2007, the Calgary-based Tervita has been backed by a number of Canadian and U.S. private equity investors, including CAI Private Equity, Kelso & Co and Vestar Capital Partners.
Smucker to buy PE-owned Big Heart Pet Brands for about $5.8 blnThe J.M. Smucker Company has agreed to buy San Francisco-based Big Heart Pet Brands, a maker of pet snacks and products, for about $5.8 billion in cash and stock.
- ICON to acquire PE-owned MediMedia Pharma Solutions
ICON plc has agreed to buy MediMedia Pharma Solutions, which is owned by Vestar Capital Partners, for a cash consideration of $120 million. Based in Yardley, Pennsylvania, MediMedia Pharma Solutions combines MediMedia Managed Markets and Complete Healthcare Communications. MediMedia Managed Markets is a provider of strategic payer-validated market access solutions and Complete Healthcare Communications is a medical communications agency.
- Vestar ups Stephens to MD
Vestar Capital Partners has promoted John B. Stephens to managing director. Previously a principal at the firm, Stephens joined Vestar in 2006.
Supreme Court allows PE-backed Tervita to proceed on 2011 acquisitionTervita Corp has welcomed the decision of the Supreme Court of Canada http://scc-csc.lexum.com/scc-csc/scc-csc/en/item/14603/index.do to allow its 2011 acquisition of Complete Environmental Inc and subsidiary Babkirk Land Services Inc. The company said the decision will allow it to proceed with developing a secure landfill in Northeastern British Columbia and add a disposal site to its network of strategically located disposal facilities. Based in Calgary, Tervita is an environmental solutions provider. Since 2007, it has been backed by a number of Canadian and U.S. private equity investors, including CAI Private Equity, Kelso & Co and Vestar Capital Partners.
GE Antares Chief: Tech, industrial sectors to drive deal volume this yearGE Antares CEO John Martin expects investments in technology and industrial businesses to fill the middle-market lender’s deal pipeline in 2015.
CPPIB-backed 21st Century Oncology buys Northwest Cancer Clinic21st Century Oncology Holdings Inc has formed a joint venture with Northwest Cancer Clinic LLC in which 21st Century will own an 80 percent interest. The financial details of the transaction were not disclosed. 21st Century, a physician-led provider of integrated cancer care services, said the partnership with Northwest Cancer Clinic will allow it to enter a new market in the Northwestern United States. Last September, the U.S. company received a $325 million investment /canada/2014/09/26/cppib-invests-325-mln-in-vestars-21st-century-oncology-holdings/ from Canada Pension Plan Investment Board (CPPIB). It is also backed by U.S. private equity firm Vestar Capital Partners.
- Vestar beefs up team with two new additions
Vestar Capital Partners has named Nikhil Bhat and Alexander Kerr as senior associates. Both will be working in the private equity firm's diversified industries group.
CPPIB invests $325 mln in Vestar's 21st Century Oncology HoldingsCanada Pension Plan Investment Board (CPPIB) has invested US$325 million in 21st Century Oncology Holdings Inc, a U.S.-based operator of a global network of cancer treatment centres and affiliated physician practices. The deal, which will be done through a series of convertible preferred shares, entitles CPPIB to nominate two directors to the company's board of directors. 21st Century Oncology, a majority-owned portfolio company of U.S. private equity firm Vestar Capital Partners since 2008, said http://globenewswire.com/news-release/2014/09/26/668753/10100167/en/21st-Century-Oncology-Receives-325-Million-Net-Cash-Proceeds-From-Preferred-Equity-Investment.html?f=22&fvtc=7 the new investment will result in substantial de-leveraging, stronger liquidity and significant capital for continued business expansion.