Novacap has agreed to buy Dialogic for total cash consideration of $35.3 million. Sellers include Tennenbaum Capital Partners. Once the deal closes, Novacap will own more than 90 percent. Parsippany, N.J.-based Dialogic provides communications technology for networks. Sagent Advisors provided financial advice to Dialogic.
Excelsior Mining Corp (TSXV: MIN) announced the completion of the first tranche of a US$10 equity financing provided by British private equity firm Greenstone Resources. The second tranche is scheduled to close later in October, with the result that Greenstone will hold approximately 28.2 percent of the company's issued and outstanding common shares. Headquartered in Vancouver, Excelsior is a mineral exploration company focused on its Gunnison Copper project in Arizona. Proceeds of the partnership with Greenstone will be used to further develop that project.
Sterling Partners has made an undisclosed investment in Results Physiotherapy. Headquartered in Franklin, Tenn., Results Physiotherapy is provider of outpatient physical therapy services.
Finnish technology firm Tieto and European private equity firm Apax are among the bidders for Evry, one of the Nordic region's largest IT services companies, sources told Reuters.
The Jordan Company has agreed to buy Ohio-based American Freight, a discount furniture retailer. No financial terms were disclosed. MelCap Partners is serving as financial advisor to American Freight in the transaction.
London private equity firm Frost Brooks has made an undisclosed investment in BizEquity. Headquartered in Wayne, Penn. and the UK, BizEquity is a provider of online business valuations.
Healthcare-focused investment firm Deerfield has agreed to provide up to $125 million in funding to SHINE Medical Technologies. Based in Monona, Wisc., SHINE is a developing company that aims toward becoming a producer of radioisotopes for nuclear medicine.
Trina Solar has agreed to sell its UK-based power plant to the Foresight Group. No financial terms were disclosed.
Vision Capital has agreed to sell Fletchers Group of Bakeries to Finsbury Food Group for 56 million pounds. Finsbury shareholders, as well as regulators, still must approve the transaction. Vision Capital acquired Fletchers from Northern Foods in 2007.
Canadian private equity firm Ironbridge Equity Partners has sold its portfolio company Frost Fighter Inc for an undisclosed amount. The buyer in the deal was Headwater Equity Partners, a Vancouver-based mid-market private equity firm founded in 2012 by senior investment professionals who previously worked for HSBC Capital. Headquartered in Winnipeg, Manitoba, Frost Fighter is a manufacturer of temporary portable heating solutions used in harsh weather environments. Its products are used in a range of North American industries. Ironbridge acquired the company in partnership with management in 2011.