IDI Gazeley, a.k.a. Brookfield Logistic Properties, has acquired three class-A logistics warehouse assets in Europe totaling 1,000,000 square feet (97,400 square metres). The financial terms of the transaction were not disclosed. The portfolio of assets are located in Germany, France and Italy. The U.K.-based IDI Gazeley was last year purchased by commercial real estate platform Brookfield Property Partners, an affiliate of Toronto-based Brookfield Asset Management, from a unit of state-owned Dubai World.
Rapid Rod Service Ltd, a portfolio company of U.S. private equity firm Pelican Energy Partners, has acquired rod rig equipment and related assets from the service rig division of Essential Energy Services Ltd (TSX: ESN). Essential has reported the purchase price to be $6.1 million. Based in Calgary, Rapid Rod is an oilfield service business established in 2008. Pelican made a control-stake investment in the company in June 2013.
U.S. precious metals producer Chaparral Gold Corp (TSX: CHL) has agreed to be bought by Goldrock Mines Corp (TSX-V: GRM) with the backing of Canadian private equity firm Waterton Global Resource Management. The transaction, which is valued at about $73.4 million, and related arrangements will see Waterton provide financing, buy 11.1 million in Goldrock shares, and obtain certain assets, including Chaparral's Goldfield property in Nevada. Wateron will also be a strategic capital partner to Goldrock in the Converse property and other activity. The acquisition deal, which resolves earlier bids, is expected to be closed in December.
Aquiline Capital Partners has agreed to buy a majority stake in Worley Claims Services. No financial terms were disclosed. Based in Hammond, Louisiana, Worley, which was backed by Seaport Capital and Advantage Capital, is a provider of insurance-adjustment management and services .
Century Capital Partners has acquired a minority stake in PrecisionLender. No financial terms were disclosed. Based in Cary, NC, PrecisionLender is a provider of loan pricing and profitability management solutions.
Blue Cloud Ventures has divested its stake in BeyondTrust. No financial terms were disclosed. Headquartered in Phoenix, BeyondTrust is a provider of identity management software solutions.
Navis Capital Partners, a Malaysian private equity firm, said it bought a controlling stake in an Australian learning products provider in a deal valuing that company up to A$250 million ($222 million), adding to its portfolio of Australian education firms.
Apax Partners has agreed to buy Exact Holding for 730 million euros, the latter firm confirmed on its site. Rothschild and Lazard are providing financial advice to Exact on the transaction while Leonardo & Co., RBC Capital Markets, Deutsche Bank and ING Corporate Finance are serving as financial advisors to Apax. Based in The Netherlands, Exact is a business software provider. To read the announcement, visit here.
Temasek Holdings has agreed to invest 5 billion rupees ($82 million) to buy a stake in Devyani International, operator of KFC, Pizza Hut and Costa Coffee chains in India, sources told Reuters.
Clearlake Capital has acquired automotive textile supplier Sage. No financial terms were disclosed. Nomura Securities International and XMS Capital Partners advised Sage on the deal.