CIVC Partners has acquired KPA Services. KPA provides environmental, health, & safety compliance and human resource management solutions to over 5,000 automotive, truck and equipment dealerships, and service companies.
Gramercy Funds Management has made a $34 million investment in Credivalores-Crediservicios. The business is an independent consumer finance company in Colombia.
Parkit Enterprise, a private equity real estate firm based in Vancouver, has acquired Expresso Airport Parking for US$18.6 million. Expresso is a 14-acre off-airport parking facility located in San Leandro, California servicing the Oakland International Airport. Parkit said that the Expresso transaction represents the first acquisition by platform company Parking Real Estate LLC.
Mawson Resources Ltd (TSX: MAW) has launched a $3.05 million private placement financing to support advanced exploration work on its Rompas-Rajapalot gold project in Finland. The Sentient Group, a resources-focused private equity firm based in the Cayman Islands and with an office in Montréal, will account for $1 million of the transaction. Mawson Resources, which is based in Vancouver, has been a portfolio company of Sentient since 2010.
Petrus Resources Ltd, a portfolio company of U.S. private equity firm Natural Gas Partners, has closed a private placement offering that generated gross proceeds of around $155 million. Sixty-eight percent of the total offering, representing gross proceeds of $105 million, involved insiders and other investors. The company said it has or will use the funds raised to pay for recent acquisitions of Arriva Energy Inc and Ravenwood Energy Corp. Based in Calgary, Petrus is an oil and gas company focused on property exploitation, acquisitions and risk-managed exploration in Alberta.
Mining company Largo Resources Ltd (TSX-V: LGO) has announced plans to raise $30 million in a non-brokered private placement of units. Contingent on it securing $15 million from other investors, the company said that current backer U.S. private equity firm Arias Resource Capital Management is likely to provide an additional $15 million. Should the private placement offering be fully sold, the interest Arias holds in Largo will increase from approximately 25.8 percent of issued and outstanding common shares at present to as much as 33.6 percent. The Toronto-based Largo intends to use proceeds primarily for funding production at its Maracas Menchen vanadium mine in Brazil.
GI Partners has agreed to buy Kellermeyer Bergensons Services from Kohlberg & Company. No financial terms were disclosed. Based in Oceanside, Calif. and Maumee, Ohio, KBS is a provider of integrated facilities management services to retail and grocery chains in North America. The transaction is expected to be completed in the fourth quarter of this year.
Australia's Treasury Wine Estates Ltd, one of the world's biggest wine companies, rejected takeover offers from private equity firms saying bids that valued it at $3 billion were insufficient and required it take on too much debt, Reuters reported.
New York City-based digital media firm Privcap Media has raised $1.3 million in funding. The investors included Noson Lawen Partners.
Business software maker Tibco Software Inc on Sept. 29 said private equity firm Vista Equity Partners would take it private for $4.3 billion in the largest technology buyout this year, according to sister news service Reuters.