The Carlyle Group and co-investors have agreed to buy Dealogic, which provides data and analytics, market information and capital markets software for financial institutions, along with two related joint ventures, for about $700 million.
Canadian pension fund PSP Investments and its partners have agreed to buy the French operations of telecoms masts group TDF in a deal worth about 3.5 billion euros (US$4.40 billion), sources told Reuters. The transaction will help TDF's owners - private equity funds TPG, Charterhouse, Ardian and state bank Bpifrance - to repay almost all of the group's debt. PSP's investment partners in the acquisition are said to include Brookfield Asset Management.
After six years, The Blackstone Group is looking to exit Apria Healthcare Group, sources told peHUB.
U.S. distressed debt investor Cyrus Capital Partners has acquired indirect control over an additional 1.45 million common shares of Catalyst Paper Corp (TSX: CYT), a Canadian manufacturer of specialty mechanical printing papers, newsprint and pulp. Following completion of the transaction, Cyrus had indirect control over about 6.3 million shares, or approximately 43.3 percent of the company's total issued and outstanding shares. The Richmond, British Columbia-based Catalyst in October agreed to acquire the Biron paper mill in Wisconsin and the Rumford pulp mill in Maine for US$74 million.
BlueSnap, a portfolio company of Great Hill Partners, has secured $50 million in funding. The investors were Great Hill, Parthenon Capital Partners and BlueSnap CEO Ralph Dangelmaier.
Riverside has acquired LeaseHawk's online education unit as an add-on to its multi-family industry training platform. No financial terms were disclosed. Jones Day, Deloitte and Douglas Deal Consulting advised Riverside on the transaction while Freeport Financial provided financing.
GI Partners has closed its buy of Kellermeyer Bergensons Services. No financial terms were disclosed; however BNP Paribas Securities Corp. and CIT Finance are providing the capital for the transaction. Robert W Baird & Co. served as financial advisor. Based in Oceanside, Calif. and Maumee, Ohio, KBS is a provider of integrated facilities management services to retail and grocery chains in North America.
Genstar Capital has sold a "significant" stake in Insurity to TA Associates. No financial terms were disclosed. Spurrier Capital Partners was financial advisor to Insurity on the transaction while Ropes & Gray represented Genstar. Also, TA Associates will be joining Genstar on Insurity's board of directors. Based in Hartford, Conn., Insurity is a provider of core insurance processing, data integration and analysis solutions.
Penfund, a Canadian mid-market private equity firm specializing in providing junior capital, has made a US$39.9 million debt and equity investment in Mavis Discount Tire, a U.S.-based independent tire retailer. Penfund provided the funds in support of an undisclosed investment in the company by ONCAP, the mid-market private equity platform of Onex Corp. Based in Millwood, New York, Mavis operates over 150 retail locations in New York and several other states. It also operates two wholesale distribution centres which support its retail business.
BluEarth Renewables Inc, a renewable power producer focused on acquiring, developing and operating wind, water, and solar projects, has secured more than $81 million in follow-on equity funding. Investors in the round included Canadian private equity firm ARC Financial Corp and the Ontario Teachers' Pension Plan, which have previously invested in the company, as well as management. The Calgary-based BluEarth, which has raised over $250 million in equity to finance its growth strategy, said it has a target of $1 billion of operating assets by 2017. Among its recent acquisitions, the company in August bought Good Light, the second of four planned solar power asset purchases from Canadian Solar Inc.