Sher-Wood Athletics Group Inc, an affiliate of the Gracious Living Group of Companies, has acquired all of the assets and liabilities of Sher-Wood Hockey Inc for an undisclosed amount. The Sherbooke, Québec-based Sher-Wood Hockey, a manufacturer and distributor of hockey gear and hockey licensed products, was bought from Callidus Capital Corp (TSX: CBL), a portfolio investment of Canadian private equity firm Catalyst Capital Group. Based in Toronto, Callidus is a specialty lending platform. The company completed an initial public offering in April.
The Carlyle Group said Tuesday it has sold its remaining 2.7 million shares in Allison Transmission. Carlyle and Onex Corp. acquired Allison Transmission in August 2007. Allison Transmission, an auto-parts makers, went public in 2012.
ICV Partners' portfolio company SAFE Security has acquired Safeguard Security and Communications, Inc., of Scottsdale, Arizona. Safeguard adds $1.5 million of recurring monthly revenue and 25,000 customers.
TA Associates has agreed to invest in Groupe CIPRÉS, a wholesale broker of insurance policies. Following the deal, Laurent Ouazana, a managing director of Groupe CIPRÉS, will become president of the company. The deal is expected to be finalized in the next few weeks. Financial details were not disclosed. Groupe CIPRÉS represents TA Associates' fourth investment in France.
South African investment bank Investec said on Tuesday it will sell its UK mortgage business for 180 million pounds ($290 million) to private equity firms Blackstone and TPG, as part of a plan to offload non-core assets.
CBPE Capital has sold The Original Bowling Company to Electra Partners. CBPE invested in the business in August 2010, acquiring a significant minority stake. The sale to Electra represents an investment multiple of 2.4x CBPE’s original investment.
ArchiMed has acquired Lausanne-based MediStream, a manufacturer and marketer of innovative orthopaedic implants. Archimed was founded earlier this year by Denis Ribon, former global head of healthcare at 3i and three of his former team members.
Alphaeon Corp, a lifestyle healthcare business launched last year by U.S. growth equity firm Strathspey Crown, has agreed to buy Clarion Medical Technologies Inc, a Cambridge, Ontario-based provider of medical and aesthetic equipment and consumables. The deal, the financial terms of which were not released, is expected to close this month. Alphaeon, which focuses on bringing to market technologies and services that promote patient wellness, beauty and performance, said the acquisition expands its geographic reach and creates a major North American lifestyle healthcare portfolio.
Sinclair Cockburn Ltd, an Ontario subsidiary of Hub International Ltd, has purchased a commercial line book of business from independent broker Lisa Cook. The financial terms of the transaction were not published. Lisa Cook will join Hub's Markham, Ontario, office and support its mid-market commercial business, the company said. Hub, a Chicago-based insurance brokerage with significant operations in Canada, was acquired in 2013 by U.S. private equity firm Hellman & Friedman from its previous private equity owners for US$4.4 billion.
Thunderbird Films Inc has acquired Soda Pictures Ltd, a London, U.K.-based distributor of art house, independent and world cinema. The financial terms of the transaction were not disclosed. Soda will continue to operate under its brand, with the addition of “A Thunderbird Company” as part of the overall corporate identity. The Vancouver-based Thunderbird, which creates, produces and distributes content for the Canadian and U.S. media markets, has been backed by Canadian specialty finance firm Difference Capital Financial since 2012.