Slovenia has narrowed the field of bidders for its largest telecoms provider to Deutsche Telekom and four buyout firms, sources told Reuters, as the government presses ahead with a privatization plan.
UAE's Abraaj Investment Management has made a formal offer of 850 million Egyptian pounds ($118.88 million) for 100 percent of Bisco Misr (BISM.CA), one of Egypt's main producers of cakes and biscuits, the regulator said in a statement.
Shore Capital Partners has formed Southern Veterinary Partners through the recapitalization of three veterinary practices. The firm completed the platform through the recapitalization of Oak View Animal Hospital, Patton Chapel Animal Clinic and Williams Animal Hospital. Birmingham, Alabama-based Southern Veterinary Partners provides general practice veterinary services including vaccinations, surgery, wellness exams, oncology, ophthalmology, allergy treatment and dermatology. Jay Price, a veterinarian and owner of Oak View, Patton Chapel and Williams, will be chief executive officer of the platform.
Denham Capital has committed $130 million to a newly formed venture called Auctus Minerals focused on developing mining production projects, as well as improving operational mining assets throughout Australia. Auctus is led by managing director Stephen Murdoch and based in Perth, Australia.
Portfolio Logic, the Washington D.C. investment firm from Jeffrey Zients, has put PSA Healthcare up for sale, five sources said.
ANC Power Inc and TransCanada Energy Ltd have acquired two 100 megawatt energy contracts from The Balancing Pool, an Alberta government agency set up to promote competition in the electric industry. The contracts commence on November 1st and expire in October 2017. The financial terms of the transactions were not disclosed. ANC Power is co-owned by West Fraser Timber Co Ltd and Whitecourt Newsprint LP, an affiliate of Canadian private equity firm Stern Partners. Earlier this year, the Vancouver-based Stern Partners acquired a majority interest in McRae’s Environmental Services Ltd.
WSP Global Inc (TSX: WSP) has closed its previously announced acquisition of Parsons Brinckerhoff, a subsidiary of U.K.-based infrastructure business Balfour Beatty Plc. The final purchase price was US$1.31 billion, including preliminary working capital adjustments and cash retained by Parsons of US$85.5 million, but excluding debt. Acquisition funding totaling $400 million was provided by Canada Pension Plan Investment Board (CPPIB) and the Caisse de depot et placement du Quebec. With the close of the deal, CPPIB and the Caisse will own around 17.3 percent and 17.5 percent, respectively, of the issued and outstanding common shares of the Montréal-based WSP.
Nationalized Austrian lender Hypo Alpe-Adria-Bank International AG has agreed to sell its Balkans network to private equity firm Advent International and its partner the European Bank for Reconstruction and Development, Hypo said on Thursday.
Siemens is likely to pick EQT next week to buy its hearing aids unit for about 2 billion euros ($2.5 billion), sources told Reuters.
New Mountain Capital has agreed to buy HealthPort. No financial terms were disclosed for the transaction, which is expected to be completed in the fourth quarter of this year. Credit Suisse and TripleTree were financial advisors to New Mountain on the deal. Based in Alpharetta, Georgia, HealthPort is a provider of medical information access management and compliance services on behalf of healthcare firms.