Clinical trials company Synexus has closed its management buyout from Lyceum Capital. LDC provided support for the transaction. No financial terms were disclosed. In addition to the transaction, Ged Gould of LDC has been added to the Synexus board.
The private equity owners of Parques Reunidos have put on ice plans to sell the Spanish zoo, marine and water park operator that could have valued the business at about 2 billion euros, sources to Reuters News.
Shore Capital Partners said Monday it has acquired Summit Medical Inc. Financial terms weren’t announced. St. Paul, Minn.-based Summit Medical designs, engineers and makes microsurgery products.
Bruckmann, Rosser, Sherrill & Co. said Monday that it has acquired Simpson Performance Products Inc. from Carousel Capital and other stockholders. Financial terms weren’t announced. New Braunfels, Texas-based Simpson Performance provides critical motorsports safety equipment. Fidus Partners acted as financial advisor to Carousel.
The Abraaj Group has acquired a minority stake in Hepsiburada.com. Financial terms weren’t announced. Istanbul, Turkey-based Hepsiburada.com is an online retailer.
The Fonds de solidarité FTQ has made a US$15 million investment in A J Walter Aviation Ltd, a division of the AJW Group, a global specialist in the supply, exchange, repair and lease of commercial aircraft parts. Funding proceeds will support the continued growth of A J Walter Aviation and provide benefits to the Montréal operations of its subsidiary, AJW Technique. The investment is the second made by Fonds de solidarité FTQ in the company. In April 2013, it also contributed to a $30 million deal focused on AJW Technique, which relaunched repair and maintenance facilities formerly associated with Aveos Fleet Performance Inc.
Capital régional et coopératif Desjardins (CRCD), a retail fund managed by Canadian private equity firm Desjardins Capital de risque, has led an undisclosed investment in Congebec Logistic Inc, a provider of refrigerated services based in Québec City. The deal was also backed by Fondaction CSN and Investissement Québec and will support the transfer of management of Congebec Logistic from its founder, Laurier Pedneault, to his son, Nicholas-P Pedneault. As a result of the transaction, CRCD, an existing investor in the company, becomes the majority shareholder. Established in 1974, Congebec Logistic serves clients from 12 facilities located in five provinces.
A trio of British private equity firms have set their sights on Canadian live performance company Cirque du Soleil, according to a report from a U.K. media outlet. BC Partners, CVC Capital Partners and Permira are among a number of investors that have recently tabled indicative offers for the Montréal-based company, the report said. The news follows reports in late 2014 that Cirque du Soleil had hired Goldman Sachs Group to help it find a strategic partner.
Banks have lined up 375 million euros ($426.11 million) of leveraged loans to back private equity firm Mid Europa Partners' acquisition of a majority stake in Serbian Danube Foods Group, banking sources said on Friday.
H.I.G. Capital-backed Caraustar Industries, Inc., has completed the acquisition of The Newark Group Inc., which makes recycled paperboard, linerboard, industrial tubes, cores and other converted products. Financing for the deal was provided by Credit Suisse Securities (USA) LLC, Jefferies LLC, Wells Fargo Capital Finance and Regions Business Capital.