Innergex Renewable Energy Inc (TSX: INE) has raised $491.6 million in construction and term project financing for the Boulder Creek and Upper Lillooet River run-of-river hydroelectric projects located in British Columbia. The loan providers included The Manufacturers Life Insurance Co, the Caisse de dépôt et placement du Québec and The Canada Life Assurance Co. The projects are being developed by Creek Power Inc, a joint venture between Innergex and Ledcor Power Group Ltd. Based in Longueuil, Québec, Innergex is a renewable power producer. It has been backed in recent years by the Caisse de dépôt's private equity group.
Denham Capital and Thesis Energy have partnered to form Thesis Energy Holdings Ltd, a platform to pursue opportunities in European power generation. Financial terms weren’t announced. London-based Thesis will buy and actively manage large-scale gas, coal and biomass-fired power generation and cogeneration assets across Western Europe.
Pet retailer Kriser's Natural Pet has secured an undisclosed amount of funding. River Hollow Partners led the round with participation from other investors that included Quadrant Capital Advisors and Alliance Consumer Growth. Meadow Lane Capital LLC provided financial advice to Kriser’s on the transaction. Also, Kriser's has named Amy Wolf, a partner at River Hollow Partners, to its board of directors.
Natural resources conglomerate Freeport-McMoRan Inc has hired Goldman Sachs Group Inc and Barclays Plc to help find private equity firms that will finance some of its projects, according to people familiar with the matter.
Natural resources conglomerate Freeport-McMoRan Inc has hired Goldman Sachs Group Inc and Barclays Plc to help find private equity firms that will finance some of its projects, sources told Reuters News.
Univita Health said Tuesday it secured a $40 million credit facility from Genstar Capital and a private lender. Miramar, Fla.-based Univita provides post-acute and home healthcare solutions. GLC Advisors & Co. acted as financial advisor to Univita.
Uxin said Wednesday it raised a $170 million round of funding from Baidu, KKR and Coatue. Uxin, of Beijing, is a used car auction company.
Concordia Healthcare Corp (TSX: CXR) has entered into an agreement with underwriters to raise gross proceeds of up to $368 million through a bought deal financing. The transaction is intended to partially fund the company's proposed purchase of assets held by Switzerland's Covis Pharma Holdings SARL. Earlier this month, Concordia, a Canadian healthcare company focused on legacy pharmaceutical products and orphan drugs, agreed to buy the assets from Covis, which is controlled by U.S. private equity firm Cerberus Capital Management and other investors. The acquisition is valued at US$1.2 billion.
Canada Cartage recently closed its previously announced purchase of D.J. Knoll Transport Ltd, an asset-based transportation business based in White City, Saskatchewan. The financial details of the transaction were not released. Headquartered in Mississauga, Ontario, Canada Cartage is a fleet outsourcing transportation and supply chain provider. It has been a portfolio company of U.S. private equity firm Nautic Partners since 2007.
Hugo Boss (BOSSn.DE) on Monday said a 12 percent stake owned by investors, including private equity fund Permira [PERM.UL], was being sold off, a placement that would increase the luxury fashion retailer's free float to 91 percent of its share capital.