chris@arsenalvp.com
Graham Partners has raised over $645 million for its fifth fund, according to an SEC filing. No target was listed in the document. The Newtown Square, Pennsylvania-based private equity firm targets high-growth middle-market consumer and industrial manufacturing-related companies.
Kensington Capital Partners, a Canadian investment firm, has acquired Centric Health Corporation's surgical division. No financial terms were disclosed. The surgical business will be owned by a newly formed entity called Clearpoint Health Network Inc, the largest network of surgical centers in Canada.
Canada Pension Plan Investment Board has acquired a 12.4 percent stake in Latin American fitness chain Smart Fit. The investment was for C$340 million. Smart Fit, which currently serves 2.5 million members across 739 locations in ten countries, is headquartered in São Paulo, Brazil.
Law firm Greenberg Traurig LLP has named Yossie Horwitz as a shareholder in its private equity practice. Previously, Horwitz worked at Paul Weiss where he served as counsel.
Catalyst Group Capital Inc, a Canadian private equity firm, is reportedly planning on surpassing a rival bid for Hudson's Bay at more than C$2 billion (US$1.5 billion), reported Bloomberg. Catalyst, which currently holds a 17.5 percent stake in Hudson's Bay, is offering C$11 per share in cash for the rest of the company. In October, Hudson's Bay agreed to be taken private by a group of shareholders led by Executive Chairman Richard Baker. As previously reported by PE HUB, the group offered C$30 per share in cash for the 43 percent of shares it did not own in Hudson's Bay. Also included in this investors group are Rhone Capital and WeWork Property Advisors.
Dorval, Québec-backed Top Aces Inc, an airborne training company, has secured $100 million in funding. The investors include lead shareholder Clairvest Group Inc and Caisse de dépôt et placement du Québec. The capital infusion will be used for international expansion, acquisitions and diversification of its service.
Capital Southwest Corporation provided a credit facility to back Rotunda Capital Partners' recapitalization of St. Paul, Minnesota-based Trinity3 Technology, a provider of student computing solutions, warranty services and enterprise products for the K-12 market. No financial terms were disclosed. Capital Southwest will serve as the administrative agent on the financing.
Caliber Imaging & Diagnostics Inc, a provider of confocal microscopy for non-invasive cellular-level imaging of the skin, has secured a $5 million loan from Bridge Bank. The capital will be used for personnel hiring, working capital and general corporate purposes. In addition to the loan, Caliber I.D. also raised $1.5 million in a private placement with existing shareholders.
EcoSmart Solution LLC, which is backed by Taurus Investment Holdings LLC, has named John Towle as CEO. Previously, Towle was the chief operating officer of Safari Energy. EcoSmart is an energy service provider.
Barings, a financial services firm, has launched its first onshore private fund in China. No financial terms were disclosed. Barings is a subsidiary of MassMutual.