Diversified Foodservice Supply has acquired Restaurant Parts & More. DFSI is a portfolio company of KRG Capital Partners Fund IV.
Clearlake Capital Group has acquired ConvergeOne, a provider of communications solutions and managed services to enterprises globally. Terms were not disclosed.
Kinderhook Industries has sold the Environmental Quality Company to strategic acquirer US Ecology, a North American provider of environmental services. Financial terms of the transaction were not disclosed.
CVC Capital Partners is to buy a 61 percent stake in Spanish hospital group Quiron from fellow private equity firm Doughty Hanson and merge the company with its other Spanish medical group IDC, writes Reuters. Quiron did not give any financial details for the deal, which it said was expected to be completed this month.
Valeant Pharmaceuticals Inc said on Tuesday it will launch an exchange offer for Allergan Inc this week, allowing it to eventually take the unsolicited bid directly to shareholders, Reuters reported. Botox-maker Allergan has rejected Valeant’s offer of cash and shares. Additionally, Allergan's biggest shareholder, Pershing Square Capital Management, intends to mail proxy materials to seek a special meeting later this year to change most of Allergan’s board, Valeant said.
An affiliate of U.S. private equity firm Peak Rock Capital has acquired RCR International Inc, a Canadian manufacturer and distributor of more than 2,000 home improvement products in North America. The seller was U.S. private equity firm Southfield Capital Advisors, which bought a majority interest in the company in 2006. Financial terms of the deal were not disclosed. Founded in 1946, the Boucherville, Québec-based RCR said the partnership with Peak Rock will help increase the company's operational efficiency and expand its growth profile. With its headquarters in Austin, Texas, Peak Rock makes debt and equity investments in mid-market businesses.
Chinook Energy Inc (TSX: CKE) has agreed to sell through a subsidiary all of its onshore and offshore Tunisian assets to Medco Tunisia Petroleum Ltd, an affiliate of Indonesian energy business PT Medco Energi Internasional Tbk, for US$127.7 million. The deal, which is expected to close by December, will allow Chinook to focus on oil and gas assets in Western Canada, and particularly its Montney and Dunvegan properties in the Grande Prairie and Peace River Arch areas. Based in Calgary, Chinook is a portfolio investment of U.S. private equity firm Lime Rock Partners. Another major investor in the company is Alberta Investment Management Corp.
Mason Graphite Inc (TSX-V: LLG) has closed its previously announced private placement deal. The Montréal-based mining company raised a total of $4.15 million in convertible debenture financing from Sodémex Développement, an affiliate of the Caisse de dépot et placement du Québec, the Fonds de solidarité des travailleurs du Québec (FTQ) and the Fonds regional de solidarité FTQ Côte-Nord. Net proceeds of the transaction will be used by Mason Graphite to continue development of its Lac Guéret graphite property in Québec and for other purposes.
Industrial Growth Partners has sold its minority stake in TASI to Berwind. No financial terms were disclosed for the transaction, which was completed on June 12. Based in Cincinnati, TASI is a provider of test, measurement, inspection and automation solutions for mission-critical applications.
Monroe Capital has provided a $15.5 million credit facility to support Pharos Capital's acquisition of Employee Benefit Solutions. Based in White Plains, NY, EBS is a provider of healthcare cost containment and wellness programs for small and mid-sized employers.