Berkshire Partners and New Balance Holding have agreed to buy The Rockport Company. The adidas Group is the seller. Financial terms weren’t announced. Canton, Massachusetts-based Rockport designs and markets footwear for men and women. Drydock Footwear, a New Balance affiliate, is joining with Rockport to form The Rockport Group. The transaction is expected to close later in 2015.
Look for a private equity firm to win the Orbitz Worldwide auction, two bankers said.
Nettwerk Music Group Inc has bought Robot of the Century Music, a U.S. independent music publisher founded out of Roadrunner Records. The financial terms of the deal were not released. As a result of the acquisition, Nettwerk’s teams in North America and Europe will work directly with Robot of the Century artists and songwriters. Based in Vancouver, Nettwerk is a record label, artist management and publishing company. It is backed by Canadian growth equity firm Beedie Capital Partners, U.S. private equity firm HBC Investments and other investors.
Canada Cartage, a portfolio company of U.S. private equity firm Nautic Partners, has agreed to acquire D.J. Knoll Transport Ltd, an asset-based transportation provider based in White City, Saskatchewan. The deal, the value of which was not disclosed, is expected to close in February. The proposed acquisition follows Canada Cartage's buy of Vanguard Global Services Inc earlier this month. Based in Mississauga, Ontario, Canada Cartage is a provider of trucking services in Canada. It was taken private by Nautic Partners in 2007 for about US$173 million.
Irish cement maker CRH and a consortium led by U.S. private equity firm Blackstone are battling for assets which Lafarge and Holcim must sell ahead of their planned merger, sources told Reuters. One source said CRH has bid almost 6 billion euros (US$6.8 billion), while the Blackstone group, which also includes Canada Pension Plan Investment Board (CPPIB) and Cinven, has bid 5.5 billion euros (US$6.3 billion).
Canadian mineral exploration and development company TMAC Resources Inc has raised private placement funding of over $44.1 million. Of this total amount, $40 million was invested by U.S. private equity firm Resource Capital Funds. Net proceeds of the overall offering will be used by TMAC to finance the 2015 work program of its Hope Bay gold project, located in the Kitikmeot region of Nunavut. Resource Capital Funds, which has an office in Toronto, invested $65 million in the company in May 2014.
Canadian Solar Inc (NASDAQ: CSIQ) has sold its 10 megawatt AC Glenarm solar power plant to Dutch Infrastructure Fund BV, a private infrastructure investment firm that is based in Amsterdam. The power plant, which reached commercial operation in Ontario last year, is valued at over $60 million. The sale's closing represents the first of four solar projects to be purchased by the Dutch firm. Headquartered in Toronto, Canadian Solar is a manufacturer of solar photovoltaic modules and provider of solar energy solutions.
Look for a private equity firm to win the Orbitz Worldwide auction, two bankers said.
Online ride-sharing company Uber Technologies Inc has raised $1.6 billion in convertible debt from wealth management clients of Goldman Sachs Group Inc (GS.N), a source told Reuters.
Singapore-based Antuit Holdings Pte Ltd, a big data solutions provider, has raised $56 million in funding. Goldman Sachs and Zodius Capital led the round. In addition to the funding, Ankur Sahu and Vishal Bakshi, both of whom are managing directors at Goldman Sachs, have been added to Antuit's board of directors.