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.
Trive Capital has acquired LARK Industries. No financial terms were disclosed. Based in Anaheim, Calif., LARK is a provider of outsourced interior design centers and installation services for residential and commercial builders in the Western U.S.
Italian private equity firm Investindustrial has agreed to buy a majority stake in Flos in a deal which a source close to the company said valued the Italian lighting business at around 400 million euros ($517 million), Reuters reported.
U.S. private equity funds Bain Capital LLC and Carlyle Group LP are in separate talks to buy up to a 75 percent stake in India's Famy Care Ltd for about $400-$450 million, sources told Reuters.
PE International has secured 10 million euros in funding from Gimv and Siemens' venture capital division. Also, the company has named Dr. Friedrich Fröschl to its board of directors. Headquartered in Germany, PE International is a provider of sustainability management solutions.
Antin Infrastructure Partners is to acquire Roadchef. Roadchef is one of three major operators of motorway service sreas in the UK with 28 sites serving 44 million visitors each year. Delek Group is selling its 100% interest in the business.
Empeiria Capital has completed the acquisition of JL Bryan Equipment & Lease Services, Inc. and Tank Partners. JL Bryan Equipment & Lease Services makes storage tanks and pressure valves used to separate and store oil and water at oil and gas wellheads. Tank Partners makes steel storage tanks and pressure vessels for oil and gas producers in the Eagle Ford and Permian Basin.
More than $7 million has been raised to back the conservation of Cheat Canyon in West Virginia. Private funding included $2.6 million from the estate of Charlotte Ryde and a combined gift of $1 million from Warburg Pincus and Antero Resources.
Apax has agreed to sell TriZetto Corporation. The business is being sold to Cognizant Technology Solutions Corp for $2.7 billion in cash.