Toronto-based Quickplay, which powers premium video to any device, has raised C$57 million in funding. The investors were Madison Dearborn Partners (which owns Quickplay), Orix Ventures and DIfference Capital Financial.
Metrix Capital Group said Thursday it has provided a growth capital investment to Superior Water Technologies Inc. Financial terms weren’t announced. Irvine, California-based Superior Water makes equipment for the municipal water industry throughout the Western U.S.
The London Stock Exchange is conducting a “broad sales process” for Russell Investments, four sources said.
The National Bank of Canada has bought a stake in NSIA Participations, an African financial services group headquartered in Abidjan, Ivory Coast. With the transaction, National Bank and Amethis Africa Finance have assumed the equity stake in NSIA held by a fund affiliated with African private equity firm ECP. National Bank will have a 20.9 percent interest in the company, while that of Amethis Finance will be 5.4 percent. The deal, the value of which was not disclosed, is expected to close in the third quarter of this year.
Canadian private equity and infrastructure manager Northleaf Capital Partners will purchase about 40 percent interest in the second phase of the Don A. Campbell project, which will deliver electricity to Los Angeles, California. The deal emerges from Northleaf's previously announced joint venture partnership with Ormat Technologies Inc (NYSE: ORA). Under the terms of the partnership, Northleaf will pay US$175 million to acquire a 40 percent equity interest in the joint venture and its renewable power assets. Ormat Technologies is based in Reno, Nevada.
Penfund has made a US$37 million second lien debt and equity investment in Pediatric Services Holding Corp, the parent company of Pediatric Services of America Inc, also known as PSA Healthcare. PSA Healthcare, which is based in Atlanta, Georgia, is primarily focused on providing home nursing services to medically fragile children in the United States. The company was earlier this month acquired by U.S. private equity firm J.H. Whitney Capital Partners for an undisclosed amount. Headquartered in Toronto, Penfund provides junior capital to middle market companies across North America.
Dude Solutions Inc, which is backed by U.S. private equity firm Warburg Pincus, has acquired Windmill Software Inc. The deal's financial terms were not disclosed. Based in Toronto, Windmill Software is a maker of senior living operations product TheWorxHub. Update: Dude Solutions, a U.S. software-as-a-service provider of operations management solutions, said the deal expands its position in the senior living market and gives the company its first Canadian office. Warburg Pincus first invested in Dude Solutions in 2014.
Genstar Capital has agreed to acquire a majority stake in Mercer Advisors from Lovell Minnick Partners. No financial terms were disclosed for the transaction that is expected to be completed in the second quarter of this year. Moelis & Company served as exclusive financial advisor to Mercer on the deal. Based in Santa Barbara, California, Mercer Advisors is a provider of wealth management services.
NewSpring Capital has closed its buy of X5 Solutions. No financial terms were disclosed. Based in Seattle, X5 Solutions is telecommunications solutions provider.
Investors PAI and Goldman Sachs are starting preparations for a stock market listing or sale of building materials group Xella in a potential 2.5 billion euro ($2.7 billion) deal, two people familiar with the matter told Reuters.