Otter Products LLC, the privately held company that makes the OtterBox protective cases for mobile phones, is exploring a sale that could value the company at more than $2.5 billion, including debt, according to people familiar with the matter, sources told Reuters.
DBRS Ltd, the privately held credit rating agency that competes with Standard & Poor's Financial Services LLC, Moody's Corp and Fitch Ratings Inc, is exploring a sale, according to people familiar with the matter, sources told Reuters.
Pritok Capital, a private equity firm that invests in senior care real estate, has received a $12.4 million loan from Oxford Finance. Proceeds of the loan were used by Pritok to acquire two nursing facilities in Kansas and Missouri.
Ayondo has received SGD 5 million in funding from Luminor Capital. Headquartered in Germany, Ayondo is a social trading platform.
Blue Sage Capital has hired Davis Miller as an associate to assist with evaluating, structuring, due diligence and financial modeling of opportunities. Before Blue Sage, Miller worked as an analyst in the Natural Resources Investment Banking Group at Barclays in Houston.
J.F. Lehman & Company has acquired Aeronautical & GI Holdings Limited and subsidiaries Aeronautical & General Instruments Limited and Hoffman Engineering Corporation. Aeronautical & GI Holdings, based in Poole, UK, provides LED lighting systems for naval vessels, military and commercial aircraft and military ground vehicles.
Canadian private equity firm Ironbridge Equity Partners has made an undisclosed investment in M&M Resources Inc, a Fort Nelson, British Columbia-based energy services company. The deal, which was done in partnership with the company's management, is intended to support M&M Resources' continued growth as a provider of land-clearing and trucking services to the oil and gas industry in northeast British Columbia and northwest Alberta. In April, the Toronto-based Ironbridge completed the final close of its second mid-market fund, Ironbridge Equity Partners II LP, raising $154 million in total. M&M is Fund II's third investment to date.
Succession Capital, a subsidiary of Canadian private equity firm Lynx Equity, has acquired Sienna Sky Jewelry. No financial terms were disclosed. Based in Longmont, Colorado, Sienna Sky Jewelry is a manufacturer and distributor of fashion jewelry. Update: Sienna Sky is Succession’s second acquisition this month and joins its portfolio of over thirty-five companies including jewelry manufacturers JewelPop and H.J. Sherman. The Toronto-based Lynx is focused on acquiring small to medium-sized businesses from owners looking to retire.
Burger King Worldwide Inc plans to buy coffee and doughnut chain Tim Hortons Inc in a cash and stock deal to create the world's third-largest fast food restaurant group, with sales of about US$23 billion, Reuters reported. The company is to be based in Canada, its largest market. New York-based private equity firm 3G Capital, Burger King's majority owner since 2010, is expected to retain about 51 percent of the combined business.
Chevron Corp has been searching for up to US$1.5 billion of equity investment to help develop its Duvernay shale formation assets in Canada and contacted potential investors, including private equity firms, sources told Reuters. Chevron commenced an exploration program in the Duvernay in 2011 and, as of August 2014, had drilled 15 wells, completed 13 using multi-stage hydraulic fracturing, and tied in 10 wells to existing third-party processing facilities. The area is located northwest of Edmonton.