Frontenac Company said Wednesday that it has completed a majority recapitalization of Cloud Star Corp. No financial terms were disclosed. Based in San Luis Obispo, Calif., Cloud Star is a provider of products and treats for pets.
Data3Sixty, a Westwood, Mass.-based provider of data governance solutions, has received an undisclosed amount of funding. Breton Capital Management led the round.
The Riverside Company has acquired PearServe as the fifth add-on to its Emergency Communications Network platform. Based in Louisville, Kentucky, the business provides voice, text and email notification services for healthcare, education, and corporate clients nationwide.
Zoyi Capital has backed Taiwan Farm Industry. The business is a processed meat producer based in Taiwan, with 47 years operating history, offering a wide range of pork products under its own brand.
Roark Capital Group, which is out fundraising for its fourth pool, is looking to exit Fastsigns International, three sources said.
Roark Capital Group, which is out fundraising for its fourth pool, is looking to sell Fastsigns International, three sources said.
Canadian resource-focused private equity firm Sprott Resource Corp has agreed to invest US$33.4 million in Corsa Coal Corp (TSX-V: CSO), acquiring 19.9 percent of the company's outstanding shares. The investment is intended to fund Corsa's strategic acquisition of metallurgical coal producer PBS Coals Ltd, a former Sprott Resource portfolio company, for US$60 million. Other investors in the Toronto-based Corsa include U.S. private equity firm Quintana Capital Group and Vancouver's The Lundin Group. Following the PBS acquisition, the company will become primarily a metallurgical coal producer with principal operating assets in Pennsylvania and Tennessee.
Hardy Capital Partners, a merchant bank established by Roger Hardy, founder and former CEO of Coastal Contacts Inc, has acquired ShoeMe.ca, an online footwear retailer, for an undisclosed amount. The Vancouver-based ShoeMe.ca will be combined with another acquisition, U.S.-based OnlineShoes.com, to form a new retail footwear business with headquarters in Canada. Earlier this year, online eyewear provider Coastal Contacts was acquired by Essilor International SA for $430 million. The company was in the past backed by Canadian private equity firm Vancity Capital Corp.
Accrol Papers Limited has received 66 million pounds in funding from NorthEdge Capital. Based in Blackburn, England, Accrol is a tissue converter.
Australia's Hastings Funds Management said it will sell its quarter stake in a Texas liquefied natural gas (LNG) terminal to U.S. specialist fund Global Infrastructure Partners for $1.1 billion, five and a half times what it paid four years ago, Reuters reported.