Canada's Alberta Investment Management Corp said on Friday it had acquired a C$520.3 million ($477 million) mortgage portfolio from the Ontario Municipal Employees Retirement System (OMERS), Reuters reported.
Singapore sovereign wealth fund GIC said on Friday it has acquired an 18.5 percent stake in Brazilian education services company Abril Educacao SA., Reuters reported.
A subsidiary of Aviation Industry Corporation of China (AVIC) said on Friday it was in talks to buy Dublin-based aircraft leasing firm Avolon, confirming media reports that takeover discussions were under way, Reuters reported.
Leon Black-owned Phaidon, a publisher of books and digital products in creative arts, has agreed to buy Artspace Marketplace (artspace.com), an online market for fine art collection. The acquisition increases Phaidon's access to global art collectors.
Trive Capital portfolio company Valence Surface Technologies, a metal processing and finishing company, has acquired Pride Plating, Dynamic Paint Solutions and Coastline Metal Finishing. The acquisitions create a large, independent metal processing platform that works in the aerospace sector and serves the West Coast, Midwest, Oklahoma/Texas and the Southeast.
The Blackstone Group and Goldman Sachs Merchant Banking closed their nearly $1 billion acquisition of Ipreo Holdings in early August, kicking in roughly 50 percent equity into the deal.
The Blackstone Group and Goldman Sachs Merchant Banking closed their nearly $1 billion acquisition of Ipreo Holdings last week, kicking in roughly 50 percent equity into the deal.
Teachers’ Private Capital, the private equity investment arm of the Ontario Teachers’ Pension Plan, has agreed to buy a significant, undisclosed minority interest in Lowell Group Ltd. One source has reported that Teachers will acquire more than 35 percent of the Leeds, United Kingdom-based business, which is focused on consumer debt purchase and recovery. In 2011, Lowell was acquired by British private equity firm TDR Capital. The company said current investors, which include TDR, will remain shareholders, with each selling a proportionate amount of their current holding. Canadian law firm Torys LLP represented Teachers in the deal.
Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, plans to invest more than $60 million in the CrossIron Mills shopping centre in Rocky View County, north of Calgary. Ivanhoé said it was expanding the regional shopping destination, which features more than 200 retailers, in response to Calgary's substantial population growth. CrossIron Mills was built in 2009.
GTCR said Thursday that it has teamed up with David Snow to launch Cedar Gate Technologies. GTCR is planning to invest up to $200 million in Cedar Gate while Snow will invest up to $20 million. Snow will serve as chairman and CEO of Cedar Gate. Headquartered in Darien, Conn., Cedar Gate will focus on buying companies and products in the healthcare information tech sector.