Manac Inc (TSX: MA), a portfolio company of U.S. private equity firm American Industrial Partners, has acquired Peerless Ltd for $14.75 million in cash. Based in Penticton, British Columbia, Peerless is a designer and manufacturer of highly specialized trailers and chassis for a variety of industries. The Saint-Georges-de-Beauce, Québec-based Manac is a manufacturer of vans, flatbeds and specialty trailers. The company raised approximately $40 million in gross proceeds from its initial public offering of subordinate voting shares last September.
Yamana Gold Inc (TSX: YRI) and Agnico Eagle Mines Ltd (TSX: AEM) have completed their previously announced court-approved acquisition of 100 percent of the issued and outstanding common shares of Osisko Mining Corp, which operates the Canadian Malartic Gold Mine in Malartic, Québec. The deal, which was valued at around $3.9 billion, succeeded an earlier proposed transaction that was financed in part by CPPIB Credit Investments and the Caisse de dépôt et placement du Québec. The common shares of the Montréal-based Osisko were de-listed this week from the Toronto Stock Exchange.
Laborie Medical Technologies Inc, a portfolio company of U.S. private equity firm Audax Group, has acquired BUCK Elektromedizin GmbH and BUCKmeditec GmbH & Co. The financial terms of the deal were not disclosed. Based in Bad Rappenaeau, Germany, BUCK develops and distributes equipment, accessories and consumables for pelvic floor dysfunction in the treatment of urinary and fecal incontinence. Update: The Toronto-based Laborie is a maker and provider of medical testing equipment and consumables. The company was acquired by Audax in 2012.
Ardian has acquired a minority stake in Neotys for 2 million euros. Based in France, Neotys is a provider of software solutions that improve the performance and quality of information systems.
GI Partners has closed its previously announced buy of Peak 10. No financial terms were disclosed. Credit Suisse, RBC Capital Markets and Jefferies provided the financing for the transaction. Based in Charlotte, North Carolina, Peak 10 is an operator of data centers.
Trilantic Capital Partners has agreed to buy a majority stake in Fluid Delivery Solutions. No financial terms were disclosed. The firm's CEO Dan Dunkelberg will remain in his role and retain a "meaningful" stake in the business. Headquartered in Fort Worth, Texas, FDS is an oil and gas service company.
Prevalent has closed $4 million in funding from Fulcrum Equity Partners. Prevalent's CTO and co-founder Norman Menz and CEO and co-founder Jonathan Dambrot will remain in their positions. Headquartered in Warren, NJ, Prevalent is a provider of third-party risk and vendor threat intelligence solutions.
Ares Management's private equity group is to acquire BlackBrush from EIG Management Company and Tailwater Capital. BlackBrush has a history of acquiring and developing oil and gas assets across South Texas.
Bain Capital portfolio company Consolidated Container Company has acquired plastic recyclers Envision Plastics and Ecoplast Corporation from founders Massoud Rad and Parham Yedidsion. Terms of the transaction were not disclosed.
Lambert Private Equity has backed Sport Stix. The company plans to list on the OTCBB or equivalent exchange. Sport Stix is a manufacturer and distributor of Sport Stix Electrolyte Drink Mix.