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Partners Group, along with investment partner Alothon Group, has invested an undisclosed sum in Brazilian powdered drink maker Casadoce Industria e Comercio des Alimentos. No terms of the deal were released. Casadoce produces powdered soft drinks, chocolate drink mixes and sports drinks. The financing will help Casadoce expand its operations.
UK-based Clyde Process Solutions agreed to be acquired by European private equity firm IK Investment Partners for 33.3 million pounds ($51.8 million), Reuters reported. The cash offer represents a 13.8% premium over the company’s closing price Tuesday, Reuters said. Clyde Process Solutions produces technology to process raw materials used in the production of commodities such as metals, cement, chemicals and ethanol.
The Australian government ruled Wednesday that private equity firms must pay income taxes on asset gains, and not capital gains taxes, Reuters reported. The ruling stems from a 2009 dispute between the Australian Tax Office and buyout shop TPG Capital, which was taxed $628 million on the $1.4 billion profit it made by selling the department store chain Myer.
Greenbriar Equity Group has increased its offer for Dynamex to $24 per share, or roughly $234 million, Reuters reported. By upping its offer, Greenbriar outbid a third party who recently bid $23.50 per share for the Dallas-based logicistcs company. Greenbriar Equity is based in Rye, New York. Dynamex provides same-day delivery and logistics services.
Private equity fund Kohlberg Kravis Roberts & Co. has raised $515 million for its infrastructure fund, Reuters reported, adding that the fund will grow to more than $1 billion before reaching a final close. Plans for the infrastructure fund were announced in May 2008.
UK-based clean energy project developer Trading Emissions has received an unsolicited bid to buy its private equity portfolio, Reuters reported. The company did not reveal the name of the suitor, but said it has started a formal sale process for the portfolio and would seek other offers, Reuters said. Trading Emissions’ private equity portfolio was valued in June at 116 million pounds ($180.4 million). It includes investments in Asia Biogas Singapore and Sun Biofuels.
A group of investors led by buyout shop JC Flowers is in talks to buy a piece of Brazil’s Banco BTG Pactual, Reuters reported, citing a story by Bloomberg. The group of investors includes the sovereign wealth fund Government of Singapore Investment Corp., Reuters said. The group will reportedly pay roughly $1.5 billion for a 15% stake in the Brazilian firm.
Sun Capital Partners said it has completed the acquisitions of Dutch retailers V&D and La Place from Maxeda Retail Group. Financial terms of the deal were not released. Formed in 1887, V&D is the largest department store chain in the Netherlands. La Place is the second largest restaurant chain in the Netherlands. Sun Capital has offices in Boca Raton, Fla.; Los Angeles; and New York.
Private equity firm JMI Equity has closed its seventh fund, JMI Equity Fund VII, L.P., with $875 million. With its new fund, JMI will continue its growth equity strategy, providing capital for acquisitions, recapitalizations and buyouts. The new fund will focus primarily on North American companies, with investments ranging from $10 million to $100 million each. JMI is focused on software, Internet, business services and healthcare IT companies. The firm has raised a total of $2.1 billion since it was formed in 1992. JMI has offices in Baltimore and San Diego, Calif.
New York-based private equity firm Arsenal Capital Partners has acquired Royal Adhesives & Sealants, a South Bend, Indiana-based provider of sealant products for the aerospace and defense, construction, specialty packaging, automotive, and industrial markets. Financial terms of the deal were not released, however, New York-based Prospect Capital provided $14 million in debt financing to support the deal.
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