Ice Mobility has raised $65 million in debt and equity growth capital from Wells Fargo Capital Finance and Hawthorn Equity Partners. Vernon Hills, Illinois-based Ice Mobility distributes wireless products and provides supply-chain solutions. News of the financing was announced by Intrepid Investment Bankers which advised on the deal.
Vector Capital has closed its roughly $400 million buy of Saba Software. Vector’s buy of Saba, a Redwood Shores, Calif.-based cloud computing firm, was announced in February.
YapStone said Tuesday it closed a $60 million financing package from Comerica Bank and Bregal Sagemount. Walnut Creek, Calif.-based YapStone is a provider of web and mobile payment technology solutions for large vertical markets and online marketplaces. Financial Technology Partners LP and FTP Securities LLC served as exclusive financial advisor to YapStone.
Canada Pension Plan Investment Board and Hermes Infrastructure said Tuesday they have agreed to invest about 1.6 billion pounds (US$2.4 billion) for a minimum stake of 30 percent of Associated British Ports. The investors may buy a further 3.33 percent subject to pre-emption rights. The sellers are GS Infrastructure Partners and Infracapital, while Borealis Infrastructure and Government of Singapore Investment Corporation (GIC) remain as ABP shareholders. ABP is the U.K.'s leading ports group; it owns and operates 21 ports in England, Scotland, and Wales.
Ivanhoé Cambridge and its partner Callahan Capital Properties have bought a 40 percent interest in 515 North State, an office property in downtown Chicago. The transaction, which was completed as a joint venture with affiliates of Beacon Capital Partners, a U.S. private real estate investment firm, was priced at US$55 million. Ivanhoé Cambridge is the real estate investment arm of the Caisse de dépôt et placement du Québec.
Amaya Gaming Group Inc has agreed to sell its Cadillac Jack subsidiary that makes slot machines and electronic bingo games for casinos to an affiliate of U.S. private equity firm Apollo Global Management for $476 million, Reuters reported. Montréal-based Amaya, which is pivoting to focus on the fast-growing online gambling market, said the deal is expected to close this year.
U.S. mid-market private equity firm Hammond Kennedy Whitney & Co (HKW) has recapitalized GMD Distribution Inc and Ophthalmic Direct LP, two divisions of GMD PharmaSolutions. The financial details of the transaction were not released. Based in Oakville, Ontario, GMD is a distributor to the pharmaceutical industry and specializes in supplying specialty ophthalmic pharmaceuticals to clinics across Canada. The company said the partnership with HKW will help it pursue further expansion. Last August, HKW acquired RST Instruments Ltd, a manufacturer of geotechnical measurement instruments headquartered in Maple Ridge, British Columbia.
Investcorp has agreed to buy Nobel Learning, a provider of private preschool through high school education in the U.S. The seller is Leeds Equity Partners. No financial terms were disclosed.
Manac Inc, the largest manufacturer of truck trailers in Canada, has begun a strategic review to explore a potential sale or merger, Reuters reported. Two of Québec's largest fund managers, the Fonds de Solidarité FTQ and the Caisse de depot et Placement du Quebec, together own about 30 percent of Manac's shares. The company is also a current portfolio investment of U.S. private equity firm American Industrial Partners.
Lovell Minnick Partners LLC has acquired a majority stake in J.S. Held LLC, a provider of outsourced consulting services for its insurance clients. No financial terms were disclosed. In addition to the investment, construction consulting firm Held Enloe & Associates LLC will merge with J.S. Held. Deloitte Corporate Finance LLC was financial advisor to J.S. Held and Held Enloe on the transaction while William Blair & Company LLC was financial advisor to Lovell Minnick.