Strattam Capital has backed Doxim, a provider of customer communications management software to the financial services industry. Strattam is investing in partnership with Doxim’s current management team, led by founder and CEO Chris Rasmussen.
Charlesbank Capital Partners has acquired HDT Global, a provider of solutions for government, military, commercial and industrial customers, based in Solon, Ohio. Charlesbank purchased the company from Metalmark Capital. The existing management team is making a significant co-investment in the transaction. Financial terms were not disclosed.
Carfinco Financial Group Inc (TSX: CFN), an Edmonton-based specialist in auto financing, has agreed to be bought by Spain's Banco Santander SA for $298 million in cash. The acquisition, which has been recommended to shareholders by the company's board of directors, is expected to close in the fourth quarter. Santander said the deal would allow the retail and commercial bank to gain entry and growth opportunities in the Canadian market. Santander is a portfolio company of U.S. private equity firms General Atlantic and Warburg Pincus. In 2013, the two investors acquired a large stake in the company in a deal that valued it at US$2.7 billion.
Globalive Capital, the investment company of Wind Mobile's founder confirmed it would buy Vimpelcom Ltd's majority stake in the young Canadian wireless company, promising a fresh boost of capital as it seeks to cement its place as a major national player, Reuters reported. The estimated $300 million deal was funded by a consortium of private equity investors including West Face Capital, Tennenbaum Capital Partners, LG Capital Investors, Serruya Private Equity and Novus Wireless Communications.
Private equity firm Hellman & Friedman LLC is close to buying privately held supermarket chain Grocery Outlet Inc, the Wall Street Journal reported, citing people with knowledge of the matter.
Vahna said Tuesday that it has secured a "significant" investment from IIU. According to the company, the capital infusion will be used for growth and expansion. Based in Washington, DC, Vahna is a provider of security products and solutions.
KKR has closed its buy of Singapore-based Goodpack, a maker of intermediate bulk containers. No financial terms were disclosed. As a result of the transaction, Goodpack has been delisted from the Singapore stock exchange.
Globalive Capital has acquired VimpelCom's stake in the Toronto-based wireless firm WIND Mobile. No financial terms were disclosed. Funding for the transaction was provided by investors that include West Face Capital, Tennenbaum Capital Partners, LG Capital Investors, Serruya Private Equity and Novus Wireless Communications.
The Riverside Company has added Protexer to its team technologies platform. The Knoxville, Tennessee-based business distributes and assembles shoe cover dispensers, removers and shoe covers. GE Capital led the financing for the transaction. Riverside was advised by Jones Day and KPMG.
KKR has signed an agreement to acquire Pioneer Corporation's DJ equipment business division.
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