Private equity firm Bain Capital LLC has agreed to invest hundreds of millions of dollars to become a major shareholder in Virgin Cruises, the cruise ship division being set up by British entrepreneur Richard Branson, according to Sky News.
Canadian buyout firm Onex Corp is leading the bidding for Swiss packaging group SIG Combibloc Group, a source told Reuters.
Indian internet services provider Tikona Digital said on Monday it raised $45 million in a fresh round of funding.
A meteor is coming and it is going to kill your firm’s deal flow, writes guest columnist Devin Mathews of ParkerGale. Here's what you need to do to survive the Apocalypse.
Brazil, China and India still offer long-term investment value but a lot of global assets are fully priced and competing with huge sovereign wealth funds is getting harder, CPPIB chief executive Mark Wiseman told Reuters. Wiseman said market conditions remain difficult because assets are fairly priced, which means deal activity will be below average and CPPIB will have to "pick its spots" to find good investments.
Canada Pension Plan Investment Board (CPPIB) has partnered with Hermes Real Estate in a new U.K.-based regional joint venture. The partnership includes the sale by Hermes to CPPIB of 50 percent of the development phase of Leeds' Wellington Place. Going forward, CPPIB and Hermes will commit equity to the project on an equal basis, with the gross development value to total more than £185 million (around $330 million). In June, CPPIB and Hermes agreed to buy the mixed-use development South Bank Tower in London.
Pegasus Solutions has sold its Distribution Services business to H.I.G. Capital. Terms of the deal, which closed Nov. 10, weren’t announced. The transaction was part of Pegasus’ sale of its Reservation Services business to Regent Equity Partners, which was completed in October. All of Pegasus has been sold, the statement said. Pegasus’ Distribution business provides information and data connectivity to nearly 100,000 hotels. Matthew Epstein of Sagent Advisors provided financial advice to Pegasus.
Aquiline Capital Partners has acquired a majority stake in Beach & Associates. No financial terms were disclosed. Beach is a specialty reinsurance intermediary.
Oberland has agreed to provide $28.55 million in financing to AxoGen. According to AxoGen, the capital will be used to pay down its debt and retire the company's royalty agreement with PDL BioPharma. AxoGen is a medical tech firm focused on peripheral nerve repair.
The private equity owners of Hostess Brands LLC are planning to put the maker of Twinkies and Ding Dongs up for sale in early 2015, potentially valuing it at more than $1.7 billion, including debt.