Clearlake Capital Group has completed the acquisition of AmQuip Holdings, which provides rental lifting services to North American energy, industrial and other markets. Clearlake bought the company from a group of investors including Altpoint Capital Partners. Financial details were not disclosed.
Capital Dynamics and Prudential Capital Group have closed financing of the first phase of a 300 megawatt onshore wind project in Texas. The project, called Green Pastures, will generate enough electricity to power 110,000 homes, avoiding about 813,000 metric tons of greenhouse gas emissions per year. Green Pastures is Capital Dynamics' first onshore wind project in the U.S.
Ironwood Capital has invested in Flow Dry Technology, Inc, a supplier of moisture control products and gaskets to global automotive, healthcare and industrial markets. Ironwood invested in the company alongside Argosy Private Equity.
Waste Management, Inc. has agreed to acquire the outstanding stock of privately owned waste disposal and recycling company Deffenbaugh Disposal, Inc. The deal is expected to close in the next few months, and is subject to expiration or termination of the waiting period under the Hart-Scott-Rodino Act and other customary closing conditions. aPriori was created through the spin off of DLJ Merchant Banking Partners from Credit Suisse earlier this year.
Capstone Infrastructure Corp has completed new project-level financing totaling $76 million for the 25-megawatt Goulais Wind Farm north of Sault Ste. Marie, Ontario. The financing was arranged through a credit facility by Stonebridge Financial Corp. Capstone is developing the site in partnership with the Batchewana First Nation of Ojibways. The partnership has contributed $23.5 million in equity to the project, which brings the total investment to around $100 million. Based in Toronto, Capstone invests in core infrastructure in Canada and around the world.
U.S. hedge fund Orange Capital has acquired additional shares in Bellatrix Exploration Ltd (TSX, NYSE MKT: BXE), a Calgary-based oil and gas company. Upon completion of the transaction, Orange Capital will hold around 10.21 percent of the company's outstanding shares. Orange Capital said it intends to engage Bellatrix's management and board of directors in discussions regarding opportunities to maximize shareholder value. The deal follows a $250 million commitment to Bellatrix by Canadian Non-Operated Resources Corp, which is backed by U.S. private equity firm Riverstone Holdings and other investors.
Investel Capital Corp has completed its previously announced purchase of a minority interest in Coastline Broadcasting Ltd, a cable television operator and Internet service provider based in Courtenay, British Columbia. The financial terms of the deal were not disclosed. Investel said its subsidiary, Teliphone Navigata-Westel Communication Inc, will now become directly involved in the business development of Coastline. With offices in Vancouver and Toronto, Investel specializes in the acquisition of distressed and underachieving telecom companies.
Frontier Spinning Mills, which is owned by American Securities, has promoted Robin Perkins to CEO. Perkins is succeeding John L. Bakane who is retiring from his post as CEO but will continue as executive chairman of Frontier's board of directors. Also, Frontier has promoted Barbara F. Walton to executive vice president and chief financial officer; John M. Maness to executive vice president of manufacturing; John C. Riddle to senior vice president of sales; and John W. Garris to vice president of international sales. Based in Sanford, North Carolina, Frontier is a producer of spun yarns for the knitting and weaving sectors.
Oak Hill Capital Partners has closed its buy of Berlin Packaging from Investcorp. No financial terms were disclosed although earlier reports pegged the amount at $1.43 billion. As a result of the transaction, Berlin Packaging CEO Andrew Berlin retains a "significant" ownership stake in the company. He and the firm's current management will continue to lead the business. Berlin Packaging supplies packaging products in North America.
Kohlberg Kravis Roberts has agreed to buy oil and gas properties from Linn Energy for $350 million. KKR is making the deal through its KKR Natural Resources fund with Fleur de Lis Energy. The deal is expected to close in the fourth quarter.