Canada Goose Inc, a maker of luxury winter down jackets, expects double-digit sales growth going forward and is forecasting revenue this year to be well over $200 million, Reuters reported. Last year, the Toronto-based manufacturer sold a majority stake to Boston-based private equity firm Bain Capital for an undisclosed amount to help meet its growth ambitions. Canada Goose's CEO said the deal has helped facilitate expansion.
Vue Entertainment International has agreed to acquire The Space Entertainment S.p.A., a cinema chain in Italy. While the deal's value was not disclosed by the company, Reuters reported it as 105 million euros (US$134 million). Vue said the acquisition is its fourth in the past three years and is supported by a follow-on investment by the company's backers, OMERS Private Equity and Alberta Investment Management Corp (AIMCo). OMERS and AIMCo jointly acquired the business from British private equity firm Doughty Hanson in 2013 for $1.48 billion. Based in London, United Kingdom, Vue is an operator and developer of modern state-of-the-art multiplex cinemas.
PlayMaker CRM has received an undisclosed investment from Mainsail Partners. Also, the company has named John Griscavage as CEO. Griscavage is succeeding Judy Bishop who will remain on the board of directors. Based in Franklin, Tenn., PlayMaker CRM is a provider of CRM solutions for the post-acute care sector.
Global private equity firm Bain Capital has acquired an 80 percent stake in Lionbridge Financial Leasing (China) Co Ltd for around 1 billion yuan ($164 million), a source told Reuters.
Toronto-based pharmaceutical firm Highland Therapeutics has closed $25 million in funding. The investor was an unnamed private equity partner.
TOMPC, a subsidiary of Oklahoma City-based midstream company Tall Oak, has received a $100 million senior credit facility that can expanded to $150 million. Capital One Securities and Compass Bank were the lead arrangers of the credit facility. Tall Oak is backed by EnCap Flatrock Midstream.
Photo of Lewis Ranieri, Chairman, Ranieri Partners Management LLC and Founder, Hyperion Private Equity Funds
Situs Holdings, a provider of commercial real estate and business services to the financial services industry, has been put up for sale by private equity firm Ranieri Partners, according to three sources.
Ironwood Capital has closed its investment in Pharmaceutic Litho & Label Co. Saugatuck Capital Co. also invested. Financial terms weren’t announced. Simi Valley, Calif.-based Pharmaceutic prints labels and inserts for the pharmaceutical, biotech, and medical device industries.
AnaCap Financial Partners said Thursday it has bought a €1.9 billion (US$2.4 billion) portfolio of non-performing loans from UniCredit Group. The portfolio primarily consists of secured and unsecured bankruptcy and other enforcement claims, AnaCap said. London-based AnaCap, a specialist PE firm, invests in the European financial services sector.
KKR has made a minority investment in arago AG. Financial terms weren’t announced. Frankfurt, Germany-based arago provides IT automation.
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