Wind Point Partners has acquired Gehl Foods, which produces aseptic dairy products. As part of the deal, Wind Point is installing Eric Beringause as chief executive officer, to replace Katherine Gehl. Gehl reported sales of almost $250 million in 2014.
Clayton, Dubilier & Rice LLC expects to roughly triple its money with the sale of British Car Auctions, or BCA, a person familiar with the matter said.
Private equity made a strong showing in the IPO market during the past two years, according to a new study. Law firm Proskauer Rose LLP analyzed 119 IPOs from 2014 to compile its second annual “IPO Study.” Of that total, 56 (or 47 percent) were sponsored-backed, the study said. That compares to 136 IPOs in 2013, of which […]
U.S. private equity firm Carlyle Group has agreed to buy Sterling Resources' Romanian gas fields, days after it raised US$2.5 billion to snap up energy assets around the world, Reuters reported. Sterling, a Calgary-based oil and gas company, will receive US$42.5 million from Carlyle's international energy fund for its entire Romanian operations as it struggles to stay afloat following the recent drop in oil prices.
Holders of shares of Wheels Group Inc (TSXV: WGI) have approved the company's previously announced acquisition by Radiant Logistics Inc (NYSE MKT: RLGT). The cash and stock deal, which is valued at $95 million, will be financed partly by subordinated debt provided by Alcentra Capital Corp and Triangle Capital Corp, and a senior loan provided by an affiliate of Integrated Asset Management Corp. Wheels Group is a third party logistics provider based in Mississauga, Ontario.
H.I.G. European Capital Partners has acquired Monal Group through its Spanish-based portfolio company Tres60 Servicios Audiovisuales. No financial terms were disclosed. The Monal Group is a provider of services in sound post-production, digital restoration, dubbing, sub-titling and broadcast, video and digital delivery.
Toronto-based Quickplay Media Inc has secured $57 million in new funding. The investor was U.S. private equity firm Madison Dearborn Partners, the company's owner since 2012, in partnership with specialty finance firms Orix Ventures and Difference Capital Financial. Quickplay, a managed video platform that powers premium video over all networks and devices, said the fresh injection of capital will allow it to make new investments that further accelerate growth. Earlier this month, the company acquired Roundbox Inc, a U.S. provider of cloud-enabled solutions and software that optimize video and data-intensive apps. Since 2003, Quickplay has raised more than $150 million from private equity and venture capital firms.
Private equity firm Carlyle Group said on Thursday it had agreed to buy Sterling Resources' Romanian gas fields, days after it raised $2.5 billion to snap up energy assets around the world.
Victory Park Capital will make an undisclosed investment in KBP Foods, which owns and operates restaurants under the KFC, Taco Ball and Long John Silver's brands. VPC is making this investment with others that include Boathouse Capital and KBP management.
Clayton, Dubilier & Rice has sold British Car Auctions, a Europe-based seller of used vehicles, to Haversham Holdings for about 1.2 billion pounds. According to terms of the deal, BCA shareholders will receive 701 million pounds in cash and 104 million pounds in stock. The transaction is expected to be completed in early April. HSBC Bank plc, J.P. Morgan Limited, Rothschild and UBS Limited provided financial advice to CD&R.