EverPower Wind Holdings is to acquire the 240MW Big Sky Wind Farm located in Bureau & Lee Counties, Illinois, about 95 miles west of Chicago, from Suzlon Energy. EverPower is a portfolio company of Terra Firma.
The largest shareholder in Belgian medical supplies company Arseus has sold its entire stake in a private placement, writes Reuters. Arseus said in a statement that Dutch-Belgian firm Waterland Private Equity had sold 8.36 million shares, representing 26.67 percent of Arseus's outstanding capital.
Growth capital investor Beringea's portfolio company Eagle Rock Entertainment has been sold to Universal Music Group for an undisclosed sum. Beringea first invested in Eagle Rock Entertainment through its ProVen VCTs in May 2007.
IK Investment Partners’ IK VII Fund has invested in Ramuddenbolagen, a specialist provider of temporary traffic control services in the Nordics. Financial terms of the transaction are not disclosed.
The chief executive of Osisko Mining Corp said on Tuesday it will be tough for Goldcorp Inc to raise its bid for Osisko by enough to trump a rival deal, and it is more likely that the gold producer will walk away from the transaction, Reuters reports. Last week Osisko unveiled a "white knight" bid by fellow Canadian miner Yamana Gold Inc for 50 percent of its assets. As part of the Yamana deal, Osisko entered into funding arrangements totaling $550 million with CPPIB Credit Investments and the Caisse de dépôt et placement du Québec.
Canadian entertainment technology company IMAX Corp (TSX: IMX, NYSE: IMAX) has sold a 20 percent interest in its Asia-based subsidiary, IMAX China (Holding) Inc, to Chinese private equity firms CMC Capital Partners and FountainVest Partners. The acquisition price is US$80 million, to be paid in two equal installments, with the first expected to occur this week and the other by early 2015. IMAX said that the introduction of Chinese ownership to its subsidiary will allow it eventually to launch an initial public offering for IMAX China. IMAX China will remain a subsidiary of its parent organization, which has its headquarters in Mississauga, Ontario.
Canadian growth investor Beedie Capital Partners has provided undisclosed debt financing to Syscon Justice Systems Ltd. The transaction is intended to support the company's expansion and to refinance a portion of its existing debt. Based in Richmond, British Columbia, Syscon provides information technology management software and services to law enforcement and criminal justice agencies. It is a portfolio investment of U.S. private equity firm Sverica International, which bought the company from Securus Technologies Inc in 2010. The Syscon deal is Beedie's third done so far in 2014. Last month, the firm invested in Elastic Path Software Inc, and in January, it invested in ResponseTek Networks Corp.
Private equity firm Apax Partners LLP is exploring a sale of Advantage Sales & Marketing Inc (ASM) that could value the consumer marketing solutions provider at between $3 billion and $4 billion, according to people familiar with the matter.
Summit Partners has made an undisclosed investment in NetBrain Technologies. Headquartered in Burlington, Mass., NetBrain is a provider of map-driven network automation solutions.
Private equity firm Apax Partners LLP is exploring a sale of Advantage Sales & Marketing Inc that could value the consumer marketing solutions provider at between $3 billion and $4 billion, sources told Reuters.