Ares Management is to acquire a majority stake in London-based residential developer and house builder London Square from Graphite Capital. Ares Management’s funds, investing alongside management, will back London Square’s development in Greater London, with the target of building 1,000 homes a year. The transaction is expected to close by the end of July 2014.
Kinderhook Industries has acquired ThermaCell Mosquito Repellent division from The Schawbel Corporation. Financial terms were not disclosed.
Kinsail Corporation has been acquired by Accela, a portfolio company of Bregal Sagemount. Kinsail is a provider of recreation and resource management solutions for Federal and State agencies.
Arle Capital portfolio company Parques Reunidos has acquired Florida’s Miami Seaquarium. Parques Reunidos is a global leisure park operator.
Sun Capital Partners has completed fundraising for its sixth pool after 18 months, according to two sources, one of whom is a limited partner.
ComWest Enterprise Corp (TSXV: CWP) has completed its previously announced acquisition of a 100 percent equity interest in Unisync Group Ltd. The deal, which eventually will see Unisync merged with ComWest's Peerless Garments LP, is valued at $13 million, including debt. Since 2003, the Mississauga, Ontario-based Unisync, a provider of uniforms, work wear, image apparel and related products, has been a portfolio company of Canadian private equity firm Kilmer Capital Partners. Kilmer will continue to hold an interest in the business.
Longview Solutions Inc, a Toronto-based provider of corporate performance management and tax provisioning software, has been acquired by U.S. private equity firm Marlin Equity Partners. The seller in the undisclosed transaction was Dutch software company Exact Holding N.V., which bought Longview in 2007 for US$51.5 million. Prior to 2007, the company had been a portfolio investment of U.S. venture capital firm Edison Ventures, Canadian specialty finance firm Wellington Financial and other investors. Marlin said it plans to accelerate and strengthen Longview's product portfolio through both organic growth and strategic acquisitions.
Tuckamore Capital Management, which invests in early- and mid-stage private companies, said on Wednesday it believes a leading proxy advisory firm's recommendation against a proposed management-led buyout of Tuckamore is flawed, Reuters reported. The buyout plan, backed by Canadian private equity firm Birch Hill Equity Partners, already has faced opposition from shareholders that control close to 30 percent of Tuckamore's shares. Tuckamore announced in May that senior management, with the support of Birch Hill, agreed to acquire the firm in a deal that valued it at about $60 million.
U.S. private equity firm H.I.G. Capital has agreed to buy Cascades Fine Papers Group from Canadian packing and tissue products manufacturer Cascades Inc. While H.I.G. did not disclose the deal's value, Cascade has reported it as $39.5 million. The acquired division will be rebranded as Rolland Enterprises Inc, the former name of the business prior to joining Cascades. Based in Saint-Jérôme, Quebec, Rolland is a provider of specialty fine papers using recycled fibers for customers in commercial, B2B, government and education markets. Update: Its facilities include the Rolland paper mill and converting centre in Saint-Jérôme, as well as the deinking facility in Breakeyville, Quebec.
CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Ltd, said on Wednesday it had acquired U.S. dental company DDS LAB LLC on undisclosed terms, Reuters reported.