KKR has signed an agreement to acquire Pioneer Corporation's DJ equipment business division.
Ridgemont Equity Partners has closed a majority investment in Winston-Salem, North Carolina-based The Cook & Boardman Group, which distributes commercial metal and wood doors, door frames, door hardware and related products. Financial terms were not disclosed.
H.I.G. Growth Partners has sold a majority of its investment in video advertising platform SpotXchange to RTL Group. H.I.G. Growth's John Kim will remain on SpotXchange's board.
Kohlberg Kravis Roberts has agreed to provide $164.2 million of structured long-term financing to Indian infrastructure development company GMR Holdings, the holding company for GMR Infrastructure. The deal is subject to customary transaction documentation.
Delta Partners Capital is backing Virgin Mobile Central and Eastern Europe. IFC, the European Bank for Reconstruction and Development and CEE Mobile Capital are also participating in the funding round.
Waiting six years appears to have worked out for Apax Partners. The U.K. private equity firm said on Sept. 15 that it had agreed to sell its majority stake in TriZetto Corp to Cognizant Technology Solutions Corp for $2.7 billion.
Apax Partners is exiting TriZetto Corp. after six years.
First West Capital, the mezzanine and subordinated debt lending arm of Canadian credit union First West Credit Union, recently provided funding to Arctic Chiller. The financial terms of the transaction were not published. The Edmonton, Alberta-based company is an established custom-label bottled water supplier owned and operated by the Hygaard family. Its partnership with First West Capital is intended to finance an investment in Arctic Chiller's facilities and purchase new high-speed equipment.
Intrawest Resorts Holdings Inc (NYSE: SNOW) has agreed to acquire the 50 percent interest in Blue Mountain Ski Resort that it does not currently own from Blue Mountain Resorts Holdings Inc for $58 million. A ski resort with summer amenities located northwest of Toronto, Blue Mountain was been affiliated with Intrawest since 1999, when the mountain resort and adventure company acquired its original 50 percent interest. With principal Canadian offices in Vancouver and Banff, Alberta, Intrawest is a portfolio investment of U.S. private equity firm Fortress Investment Group. The company went public in January.
Billionaire William Ackman has signed up Allergan investors that combined own at least 35 percent of the company to call a special shareholder meeting, giving the hedge fund manager a victory in his fight to acquire the Botox maker, Reuters reported. Ackman, whose Pershing Square Capital Management is Allergan's largest shareholder with a 9.7 percent stake, has teamed up with Canada's Valeant Pharmaceuticals International Inc to pursue a hostile takeover bid for the U.S.-based Allergan.