ONCAP, the middle market PE firm of Onex Corp., is selling Mister Car Wash after more than seven years.
Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, and real estate funds managed by U.S. private equity firm Blackstone Group have bought additional shares in French property business Gecina S.A. Ivanhoé and Blackstone bought 6.9 percent of Gecina's share capital and voting rights from Spain's Metrovacesa S.A. As a result, Ivanhoé and Blackstone currently hold 29.9 percent of Gecina's shares and voting rights. Reuters earlier estimated the value of Metrovacesa's sale of its entire position in the company at US$2.11 billion.
Aqua Terra Water Management LP, a portfolio investment of U.S. private equity firm Bregal Partners, has acquired Integrity Custom Processing Inc, a water management company based in Fort St. John, British Columbia, and assets from Calgary's Kasten Energy Inc, which owns a salt water disposal facility in Alberta. The financial terms of the deals were not published. In January, Aqua Terra also bought Ceiba Energy Services Inc and Phyllis Disposal Ltd. All of the acquisitions were made by Four Winds Energy Services Ltd, a Grande Prairie, Alberta-based operator of water disposal facilities and a subsidiary of Aqua Terra since 2013.
The previously announced US$4.9 billion purchase of Rational Group Ltd by Amaya Gaming Group Inc (TSX: AYA) has been approved by regulatory authorities. On July 30, Amaya's investors will consider the deal, which will see the Montréal-based gaming company take possession of Rational Group's assets, including online poker platforms PokerStars and Full Tilt Poker. GSO Capital Partners, an affiliate of U.S. private equity firm Blackstone Group, will support the acquisition through US$655 million in share subscriptions.
Energy Capital Partners has agreed to buy Wheelabrator Technologies from Waste Management for $1.94 billion in cash. The transaction, which requires approval from the Federal Energy Regulatory Commission, is expected to be completed later this year.
S. buyout firm Bain Capital has agreed to sell a 49.9 percent stake in Japanese telemarketing firm Bellsystem24 Holdings to Tokyo-based trading house Itochu Corp, the parties said in separate statements without disclosing the value of the deal, Reuters reported.
Boston-based private equity firm Great Hill Partners has acquired a majority stake in Qualifacts Systems. No financial terms were disclosed. Goodwin Procter advised Great Hill on the transaction while Raymond James Health Care Investment Banking Group and Baker Donelson P.C. advised Qualifacts. Headquartered in Nashville, Qualifacts is a provider of electronic health record and billing solutions for behavioral health and human services providers.
Kinderhook Industries has sold a majority stake in Tectum Holdings (THI) to TA Associates. The sale represents a return in excess of $300 million for Kinderhook Capital Fund II, translating to approximately 23x Kinderhook's invested capital.
Carlyle Group is in advanced talks to acquire Acosta Sales and Marketing, writers Reuters. The deal could value the consumer goods marketing agency at close to $5 billion including debt, writes Reuters.
A consortium of shareholders in Tuckamore Capital Management (TSX:TX) have proposed financing at different terms than that being provided by U.S. investment firm Orange Capital. Tuckamore recently announced a $12.5 million transaction with Orange following the cancellation of its take-private acquisition with Birch Hill Equity Partners. The consortium, which includes Access Holdings Management Co and First Series of Halcyon Trading Fund LLC, said it could provide the same amount with less dilution. Based in Toronto, Tuckamore is a private equity firm.