The Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure said they will buy a stake of at least 30 percent in Associated British Ports (ABP) for about $2.9 billion, Reuters reported. CPPIB and Hermes will acquire the stake from GS Infrastructure Partners and Infracapital. Borealis Infrastructure, which invested in ABP in 2006, will remain a shareholder.
Charterhouse Capital Partners LLP has sold its stake in Card Factory plc to unnamed investors. No financial terms were disclosed. Based in the UK, Card Factory is a greeting cards and gifts retailer.
San Marcos, Texas-based Berry Aviation Inc, a provider of air carrier and concierge services, has raised $24 million in funding. The investors included Independent Bankers Capital Fund III LP, which acquired a minority stake in Berry as a result of their investment.
Vista Equity Partners has acquired a minority stake in Lone Wolf Real Estate Technologies Inc. No financial terms were disclosed. Lone Wolf is a provider of residential real estate software and solutions in North America.
Irving Place Capital has closed its buy of Ashland, Ohio-based Bendon Inc, a provider of children's coloring and activity products. The seller was The Wicks Group. No financial terms were disclosed. Robert W. Baird & Company provided financial advice to Wicks on the transaction.
Warburg Pincus has agreed to invest up to $500 million in Independence Resources Management. Headquartered in Houston, IRM is an oil and gas exploration company.
Seacoast Capital has recapitalized Amerit Fleet Solutions. No financial terms were disclosed. Headquartered in Walnut Creek, California, Amerit is a fleet maintenance services provider.
Dunedin has acquired a "significant" minority stake in Blackrock Programme Management, a London-based provider of construction consulting services. No financial terms were disclosed.
TowerBrook Capital Partners LP has agreed to buy fashion retailer J.Jill. The sellers are Arcapita and Golden Gate Capital. No financial terms were disclosed. The transaction is expected to be completed in the second quarter of this year. Paula Bennett will continue as president and CEO of J.Jill. Morgan Stanley and Houlihan Lokey provided financial advice to J.Jill on the deal while Macquarie Group was financial advisor to TowerBrook Capital Partners.
Stone Point Capital has led a majority recapitalization of Black Mountain Systems, a provider of data and process management solutions for financial firm and asset managers. No financial terms were disclosed. SunTrust Robinson Humphrey advised Black Mountain Systems on the transaction.