Veresen Inc (TSX: VSN) has wrapped up its previously announced acquisition of the 50 percent convertible preferred interest owned by Global Infrastructure Partners in the Ruby pipeline system for US$1.425 billion. Ruby is a natural gas transmission system delivering U.S. Rockies natural gas production to markets in the western United States. The U.S.-based Global Infrastructure bought its stake in the system in 2009. Headquartered in Calgary, Veresen owns and operates energy infrastructure assets across North America.
CDI Computer Dealers Inc has completed its first acquisition since January, when it received a strategic investment from U.S. private equity firm HIG Growth Partners. The Markham, Ontario-based company, a refurbisher and remarketer of information technology (IT) hardware, has bought LifeSpan Recycling Co Inc for an undisclosed amount. Based in Newton, Massachusetts, LifeSpan is a provider of hardware recycling and disposal, data destruction, hardware resale, and IT asset disposition services. CDI said the deal will permit a broadening of its product and service offering and add several new facilities to its operations.
Brookfield Infrastructure is to buy a 50 percent stake in the French unit of telecoms masts group TDF for 1.78 billion euros (US$2.2 billion) alongside several partners, Reuters reported. Reuters reported earlier in the week that a deal had been agreed to sell the whole of TDF's French unit, owned by private equity firms TPG, Ardian, Charterhouse, and other investors, to a Canadian consortium for 3.5 billion euros (US$4.40 billion).
Baring Private Equity (Asia) is in advanced talks with Blackstone Group LP to buy a controlling stake in Indian cash management services firm CMS Info Systems, sources told Reuters.
Ancor Capital Partners has acquired Elkhart, Indiana-based Transhield, a developer of protective covers for boats, vehicles and equipment during storage or transit. No financial terms were disclosed. Midwest Mezzannine Funds partnered with Ancor to provide the debt and equity financing for the transaction.
U.S. private investment firm Bain Capital is selling $200 million worth of shares in India's Hero MotoCorp Ltd, with an option to sell more, according to a term sheet seen by Reuters.
EQT has agreed to buy German engineering firm Siemens' hearing aid business for 2.15 billion euros (about $2.69 billion).
Industrial Opportunity Partners has acquired High Point, North Carolina-based Vita Nonwovens, which makes non-woven products like flame retardants, thermal/acoustical insulation and medical products. Terms of the deal were not disclosed. Vita Nonwovens represents the sixth platform investment from Industrial Opportunity Partners II, L.P.
Appian Natural Resources Fund, a metals and mining private equity fund affiliated with U.K.-based Appian Capital Advisory, has acquired additional shares of Roxgold Inc (TSXV: ROG), a Canadian gold exploration and development company. Appian acquired around 6.3 percent of Roxgold's issued and outstanding common shares, with the result that it now holds around 18.4 percent of total issued and outstanding shares. Based in Toronto, Roxgold is focused on its Yaramoko Gold Project located in the Houndé greenstone region of Burkina Faso, West Africa.
The previously announced acquisition of DTZ by Ontario Teachers’ Pension Plan, PAG Asia Capital and TPG Capital has been closed. Reuters previously reported the value of the transaction to be US$1.1 billion. As a result of the deal, the Chicago-based DTZ, formerly a subsidiary of Australian engineering services provider UGL Ltd, will operate as an independent, privately owned property services business. In September, the company agreed to merge with Cassidy Turley, a U.S. commercial real estate services provider. That acquisition, which is expected to be wrapped up by the end of this year, is backed by Ontario Teachers, PAG and TPG.