Austria's Volksbanken has sold a portfolio of private equity funds worth 110 million euros ($147 million) as part of a revamp demanded by the European Commission, it said on Thursday.
GTCR has acquired XIFIN, Inc., which provides cloud-based software and services to diagnostic service providers. As part of the deal, GTCR will partner with founder and chief executive officer Lâle White and the management team at the San Francisco-based company. GTCR made the investment from its Fund XI, which closed on $3.85 billion earlier this year.
International logistics, transport and air and sea company Norbert Dentressangle is to acquire third party logistics provider, Jacobson Companies from Oak Hill Capital Partners. The transaction is valued at $750 million.
ArcLight Capital Partners' portfolio company Republic Midstream has partnered with Penn Virginia Corporation to construct and operate a crude oil gathering system, a central delivery terminal complex and an intermediate takeaway pipeline. ArcLight has committed $400 million to Republic Midstream, which will be managed by two of ArcLight's experienced midstream portfolio companies, American Midstream Partners and JP Energy Partners LP.
CCMP Capital Advisors has acquired Solvay's Eco Services business unit in a transaction valued at $890 million. Eco Services recycles spent sulfuric acid for continuous supply to the oil refining industry and manufactures high quality virgin acid products for broad industrial applications including mining, water treatment and other chemical processes.
Leeds Novamark Capital has backed Commercial Foodservice Repair to support its acquisition of Foodservice Technologies. Headquartered in Greenville, South Carolina, CFR is a provider of foodservice equipment maintenance and repair services to convenience stores, restaurants, retailers, and other foodservice channels.
Newfield Exploration Company is selling its Granite Wash assets to Trilantic/First Reserve portfolio company Templar Energy. The value of the transaction is $588 million. Newfield's assets in the Granite Wash include approximately 42,000 net acres and current net daily production is nearly 65 MMcfe/d, of which approximately 60% is natural gas.
BlackBerry Ltd is buying a privately held German company that specializes in voice and data encryption in a bid to burnish its credentials with highly security-conscious clients such as government agencies, Reuters reported. The Waterloo, Ontario-based smartphone maker did not disclose the terms of its deal to acquire Secusmart GmbH, a specialist in encryption and anti-eavesdropping services. Secusmart has in past received investments from European venture capital firms.
Searchlight Capital Partners, a private equity firm with offices in Toronto, New York and London, has with its partners acquired M&M Meat Shops Ltd for an undisclosed sum. Founded in 1980, the Kitchener, Ontario-based M&M is a retailer of specialty frozen food in Canada, with approximately 400 locations across the country. Concurrent with the transaction, the company announced the appointment of a new CEO, Andy O'Brien, and CFO, Sam Florio. O'Brien, who has more than 25 years of experience in the food industry, was previously the CEO of Ottawa's The WORKS Gourmet Burger Bistro Inc, which in 2010 was bought by private equity-backed Fresh Brands Inc.
Mergermarket Group, which is backed by BC Partners, has acquired The Law Report Group. Financial terms weren’t announced. New York-based The Law Report publishes The Hedge Fund Law Report and The FCPA Report. Desilva + Phillips advised The Law Report Group.