Platinum Equity has completed the acquisition of "certain segments" of Expert Global Solutions' accounts receivable management business. No financial terms were disclosed. Those segments have been consolidated and will now operate as Transworld Systems. And, Tim Galloway has been named president of Transworld Systems.
Cotton Creek has recapitalized Coal City Cob. No financial terms were disclosed for the transaction, which was done in partnership with the Cloonen family and Coal City Cob management. Based in Coal City, Illinois, Coal City Cob provides liquid bulk transportation services to the chemical and hazardous waste industries.
Accurate Home Care has received an undisclosed investment from Generation Growth Capital. Anchor Bank provided the senior financing while Exmarq Capital provided the mezzanine financing. Based in the greater Minneapolis area, AHC is a provider of home health care services.
Symphony Technology Group has closed its buy of McGraw Hill Construction from McGraw Hill Financial. The price of the acquisition was $320 million in cash. McGraw Hill Construction is a provider of data and insights for construction professionals.
Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, has bought an approximate 40 percent stake in a portfolio of properties located in Denver, Colorado from Canada Pension Plan Investment Board (CPPIB) for over US$200 million. The properties, which include the US Bank Tower and the Tabor Center, were held by CPPIB as part of a joint venture since 2007. With the transaction's completion, Ivanhoé said it has assumed an ownership position of about 6 percent of Class A office inventory in downtown Denver.
Canadian private equity firm Mosaic Capital Corp has closed its acquisition of a 75 percent interest in WBD Holdings Ltd, which operates as South East Construction (SECON). The transaction is valued at $15.2 million. Based in Esterhazy, Saskatchewan, SECON is a multi-trade industrial and commercial construction company that primarily serves the potash mining and milling industry. It was founded in 1999. Existing management of the company will remain in place with Mosaic's acquisition.
Grenville Strategic Royalty Corp has agreed to provide US$2 million in funding to Medical Imaging Corp, with an option to advance an additional US$1 million. In exchange, Grenville will receive a royalty based on the company's gross revenue according to Grenville's average royalty rate of between 1 percent and 4 percent. Based in Toronto, Medical Imaging is a medical diagnostic imaging services business focused on the North American market. It used a portion of Grenville's investment to complete the acquisitions of three diagnostic imaging clinics in Florida.
Windjammer has sold BBB Industries to Pamplona Capital Management. No financial terms were disclosed. Harris Williams provided financial advice to BBB on the transaction. Based in Mobile, Alabama, BBB is a maker of application specific automotive aftermarket parts.
Nigerian phone tower group IHS has raised $2 billion in equity and $600 million in debt in what it says is the biggest equity fund raising by an African company this decade, Reuters reported.
Wellspring has bought Qualitor from HCI Equity Partners. No financial terms were disclosed. Headquartered in Michigan, Qualitor is a provider of aftermarket safety and wear parts for the automotive industry.
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