U.S. private equity firms Riverstone Holdings and NGP Energy Capital Management have made an equity investment in CanEra Inc, a newly formed Calgary-based oil and gas company. Riverstone, NGP and the company's management team will commit up to $465 million in CanEra, with Riverstone committing $225 million of the total. CanEra is led by chairman and CEO Paul Charron, who previously led CanEra Resources Inc and CanEra Energy Corp, both of which were also backed by Riverstone. CanEra Energy was acquired in 2014 by Crescent Point Energy Corp. The new business will focus on acquiring and exploring large deposits in the Western Canadian Sedimentary Basin.
Brookside Mezzanine Partners has made an undisclosed investment in SummitReheis, a portfolio company of One Rock Capital Partners. Based in Huguenot, NY, Summit is a maker of active ingredients for antiperspirants.
Lone Star Funds has agreed to acquire hotel brand Jurys Inn for a total consideration of 680 million pounds. The sellers are Oman Investment Fund, Mount Kellett Capital Management, Ulster Bank (part of the Royal Bank of Scotland), Westmont Hospitality Group and Avestus Capital Partners. The transaction is expected to close in the first quarter of this year. Credit Suisse and Eastdil Secured advised both Lone Star and the sellers.
Australian mining products maker Bradken Ltd said private equity bidders Bain Capital and Pacific Equity Partners pulled a $730 million takeover proposal because of volatility in the commodities sector, sending its shares down by a third.
Phatisa's $246 million African Agriculture Fund has invested in General Plastics, a Kenyan manufacturer of packaging products, the private equity firm said on Wednesday.
Beamonte Investments has made an undisclosed investment in Venture Academy. Based in Mexico City with offices in Boston, Venture Academy is an educational platform that teaches entrepreneurs how to raise funds.
Partners Group along with partners in the Nieuport Aviation consortium have completed the acquisition of the passenger terminal at Billy Bishop Toronto City Airport. The investor consortium comprises Partners Group, InstarAGF Asset Management, Kilmer Van Nostrand and institutional investors advised by JP Morgan Asset Management. Billy Bishop is the ninth busiest airport in Canada and served 2.4 million passengers in 2014.
A consortium that includes Canadian asset management firm InstarAGF Asset Management Inc and fund manager AGF Management sealed a deal to acquire the passenger terminal at Toronto's island airport from Porter Aviation Holdings Inc, Reuters reported. The consortium, called Nieuport Aviation Infrastructure, also includes Kilmer Van Nostrand Co, Swiss private equity firm Partners Group and a group of institutional investors.
Japan's Orix Corp and South Korean private equity firm Pinestreet have submitted bids for a controlling stake in securities brokerage Hyundai Securities Co Ltd, a source told Reuters.
Bateel, which makes chocolate-covered dates and other delicacies, is looking to sell a minority stake and two international investors are said to be interested, sources told Reuters.