Allianz SE struck a deal with Goldman Sachs to help the German company hedge part of its stake in China Pacific Insurance Group (CPIC) and lock in profits from two rounds of investments that Allianz made in China's third-largest insurer, Reuters reported.
U.S. private equity firm Lone Star is one of four bidders expected to table offers for Italian banking services provider ICBPI by a March 23 deadline, sources told Reuters.
Strattam Capital has closed its previously announced acquisition of a majority stake in Trax Technologies Inc, a logistics SaaS platform. No financial terms were disclosed for the transaction that was done in partnership with Trax's current management. William Blair & Company served as financial adviser to Trax.
Black Dragon Capital has acquired Sterling, Virginia-based Enterworks Inc, a provider of software solutions that help customers to manage and communicate their brand and product information across various sales channels. No financial terms were disclosed.
SK Capital Partners has acquired a controlling stake in AEB Global. Financial terms weren’t announced. Sellers include Investindustrial, which will retain a minority stake along with AEB management. Brescia, Italy-based AEB provides products and services for winemakers, beer brewers and other food and beverage producers. UniCredit S.p.A. acted as M&A advisor to SK Capital. BNP Paribas, Italian Branch and UniCredit provided committed debt financing for the transaction
Court Square Capital Partners has completed its previously announced acquisition of Research Now Group Inc. Financial terms weren’t announced. Plano, Texas-based Research Now is a digital data collection provider.
Generation Partners expects to make 10x its money with the sale of Agility Recovery Solutions.
The antitrust division of the United States Department of Justice has completed its review of the previously announced combination of Ainsworth Lumber Co Ltd (TSX: ANS) and Norbord Inc (TSX: NBD). The deal, which is expected to close by the end of March, has been valued at about $763 million. The Vancouver-based Ainsworth and the Toronto-based Norbord, both of which are portfolio companies of Brookfield Asset Management, have said their merger will create a leading global wood products business.
Generation Partners expects to make 10x its money with the sale of Agility Recovery Solutions.
A subsidiary of Canadian investment holding firm TerraVest Capital has agreed to acquire Signature Truck Systems Inc and Lakeshore Metal Works Inc, which are both focused on assembling propane bobtail trucks for fuel distributors. The affiliated companies are based in Clio, Michigan. The deal, the value of which was not published, is expected to close in the coming weeks. TerraVest said the acquisition complements its current operating businesses.