German toy maker Schleich, known for its lifelike figurines, has been bought by French private equity firm Ardian from its British owner HgCapital, the two private equity companies said on Sunday.
Speedpro Imaging said Monday that it has been acquired by Fairfield-Maxwell, Mountain Ridge Capital and Boris Katsnelson. No financial terms were disclosed. Also, Katsnelson will become president of Speedpro while the firm's founder Blair Gran will assume the role of chairman. Based in Scottsdale, Ariz., Speedpro is a wide format imaging franchisor.
Propel Equity Partners said Monday that it has acquired "substantially" all of Summit Products' assets, which include several toy brands. No financial terms were disclosed. Also, in a separate deal, the private equity firm has also bought CitiBlocs, a line of wood construction blocks. These toy brands will be incorporated into ALEX BRANDS, which is backed by Propel Equity Partners.
CCMP said Monday that it has agreed to acquire a controlling stake in Hillman from Oak Hill Capital for $1.475 billion. CCMP has partnered with Hillman's current management team on the transaction. Oak Hill Capital will retain a "significant" minority stake in Hillman. Barclays is advising Hillman on the deal while Morgan Stanley is advising CCMP. Based in Cincinnati, Hillman is a provider of fasteners, key duplication systems, engraved tags and related hardware items.
Actis has sold a stake of Ugandan electricity distributor Umeme for $85.5 million. Investec Asset Management and Uganda’s National Social Security Fund join Actis as cornerstone institutional shareholders in Umeme.
MetLife has completed a 122.8 million pounds ($206 million) senior debt acquisition financing package for an affiliate of US-based Greystar Real Estate Partners. The loan is secured against three student housing assets in London totalling 1,135 beds. The real estate financing loan was arranged for MetLife by Laxfield Capital, a specialist commercial mortgage investment manager in the UK.
KKR is nearing a deal to buy Singapore's Goodpack, writes Reuters. Goodpack is a maker of intermediate bulk containers which has a market value of S$1.36 billion ($1.1 billion), writes Reuters.
(Reuters) - New York's top financial regulator on Friday proposed tougher rules for private equity firms and others buying insurance companies, increasing scrutiny in a bid to protect retirees and others who typically buy annuities.
An affilate of Equicapita Income Trust has bought Levy’s Machine Works Ltd, a Calgary-based custom design and speciality manufacturer of precision machined components. The financial details of the transaction were not published. The Levy's acquisition is the first for Equicapita, a private equity firm that is focused on purchasing private, Western Canadian businesses with enterprise values of $5 million to $20 million. Founded as an open ended trust in 2013, the firm has its headquarters in Calgary.
Seattle Steam Co, a private utility that provides heat to buildings in the area of Seattle, Washington, has been acquired by the infrastructure group of Canadian alternative assets investor Brookfield Asset Management. The financial terms of the deal were not disclosed. Seattle Steam said Brookfield was interested in the company partly because of its renewable energy generating biomass boiler, which allows the company to reduce fossil carbon emissions for its customers by up to 60%.