Iris Dorbian
Bregal Investments has completed the sale of Birchill Exploration LP to TriOil Resources Ltd. for approximately C$256 million. FirstEnergy Capital Corp advised Birchill on the transaction. Based in Calgary, Birchill operates oil and gas fields in the Ferrier-Strachan area of Alberta.
Retailer Wal-Mart has named Greg Penner as vice chairman of its board of directors. He is a general partner at investment firm Madrone Capital Partners.
A private equity firm which has made huge profits off investments in China's technology sector is launching a fund unprecedented in the country for its ultra-long horizon, Reuters reported.
The Cynosure Group, a new private equity firm in Salt Lake CIty, has opened. Cynosure will focus on small and medium-sized companies that have solid management and "good cash flow." The firm is being led by Randal K Quarles, former Under Secretary in the Treasury under President George W. Bush and managing directors Spencer P. Eccles and Herbert E. Scruggs.
Arc Capital Partners has received an undisclosed investment from Columbia Pacific Advisors. Based in Los Angeles, Arc Capital Partners is a commercial real estate platform.
Global ecommerce firm Cnova has filed for an IPO. The number of shares that will be sold as well as the stock's pricing terms have yet to be set. Morgan Stanley and JP Morgan will serve as the lead underwriters.
Moelis Capital Partners has acquired PATS Aircraft Systems. No financial terms were disclosed. Based in Georgetown, Delaware, PATS is an aircraft services provider.
KKR has made an undisclosed investment in Afriflora. Based in Ethiopia, Afriflora is a grower and distributor of roses.
AEA Investors has acquired Galco Industrial Electronics. No financial terms were disclosed. Quarton Partners provided financial advice to Galco on the transaction. Based in Madison Heights, Michigan, Galco is an industrial electronics distributor.
Navitas Midstream Partners has secured up to $500 million in funding. Warburg Pincus is the lead investor. Based in The Woodlands, Texas, Navitas seeks to develop and acquire midstream assets in North America.