Time Domain has been bought by a private equity group led by Bonaventure Capital and Fidelis Capital. No financial terms were disclosed. Based in Huntsville, Alabama, Time Domain is a provider of ultra wideband products and services. Time Domain had been backed by Pharos Capital Group.
Onex said Thursday that it has sold Cypress Insurance Group to a group of private investors for $63 million. Since 1998, Onex has invested about $50 million in Cypress.
Augur Capital has sold its stake in DARAG to Keyhaven Capital Partners. No financial terms were disclosed. Based in Germany, DARAG is a run-off insurer.
RLJ Equity Partners has sold Media Source. Based in Plain City, Ohio, MSI is a provider of content, information and advice to the library market.
Genstar Capital has sold Evolution1 to WEX for $532.5 million. Evolution1 is a consumer directed health payments and technology business.
Vitruvian Partners has made a strategic investment in ASP4all Bitbrains. The group is a provider of managed hosting and cloud services in the Netherlands.
Syntaxis Capital, a provider of mezzanine finance in Central Europe, has completed an investment in eSKY. Founded in Poland in 2004, the company is an online travel agent based in Central Europe.
Zoyi Capital has backed Quaser Machine Tools. The business is a machine tool manufacturer based in Taiwan, specializing in high-precision and multi-axis machine centers.
Canadian private equity and venture capital firm the Fonds de solidarité des travailleurs du Québec FTQ has invested $3 million in Super Aqua Club. Based in Pointe-Calumet, Québec, Super Aqua Club is a recreo-tourist site that can accommodate up to 10,000 visitors a day and offers a wide range of water-based activities and access to a beach. Funding from the Fonds de solidarité FTQ has allowed the company's president to purchase the business from its founders, a process that began in March 2011. Last month, the Montréal-based Fonds de solidarité FTQ appointed Gaétan Morin as its new president and CEO, replacing Yvon Bolduc.
K2 Principal Fund LP, an affiliate of Canadian hedge fund manager K2 & Associates Investment Management, has bought 9.2 million common shares and 4.7 million common share purchase warrants of Tribute Pharmaceuticals Canada Inc. Based in Milton, Ontario, Tribute is a specialty pharmaceutical company with a focus on the acquisition, licensing, development and promotion of healthcare products. As a result, K2 will own up to 14.05 percent of the company's issued and outstanding common shares. K2 has its headquarters in Toronto.