Tulsa-based Canyon Creek Resources has received an equity capital commitment of $75 million from ArcLight Capital Partners. As a result of the capital commitment, Canyon Creek Resources and ArcLight have launched Canyon Creek Energy Partners, which will acquire and develop oil and gas assets in the U.S. mid-continent region. Canyon Creek's president and CEO R. Luke Essman and Brett A. Bradford, the firm's executive vice president and COO, will continue in their roles.
Liberty Hall Capital Partners said Wednesday that it has acquired McCann Aerospace Machining. No financial terms were disclosed. Bank of America Merrill Lynch provided financing for the transaction while Stifel and Patton Boggs advised McCann. McCann is a provider of structural parts and assemblies for the aerospace sector.
SNI Companies has received a $35 million unitranche credit facility from Monroe Capital. According to the company, the loan will be used to support refinancing and growth. Based in Des Moines, Iowa, SNI Company is a provider of professional staffing specializing in the accounting, finance, information technology, administrative and legal sectors.
DFC Global Corp said Wednesday that it has agreed to be acquired by Lone Star Funds for approximately $1.3 billion. According to terms of the agreement, DFC Global shareholders will receive $9.50 in cash for each share of DFC common stock they own. The deal is expected to be completed in the third quarter of 2014. Houlihan Lokey Capital advised DFC Global on the transaction while Jefferies was the lead financial advisor to Lone Star Funds. Jefferies Finance and Credit Suisse are providing debt financing for the acquisition. DFC Global Corp. is a provider of alternative financial services.
Wear PACT has raised an undisclosed amount of equity financing from Revelry Brands. According to the firm, the capital infusion will be used for distribution, personnel hiring and product development. Based in Boulder, Colorado, Wear PACT is an apparel brand. It was acquired by Revelry Brands in 2001.
Madison Dearborn Partners and CoVant have completed their previously announced acquisition of LGS Innovations LLC from Alcatel-Lucent. LGS Innovations is a provider of research and advanced networking and communications solutions to the U.S. federal government.
HGGC has completed the acquisition of the Aftermarket Services business of Jabil Circuit, Inc. The business will be integrated with HGGC’s portfolio company iQor.
Graycliff Partners has completed a mezzanine investment in Tri Con Works. Graycliff’s investment provides subordinated debt financing in support of the purchase of a controlling stake in the company by Aperion Management.
Century Park Capital Partners' portfolio company ICM Products has acquired Amber Chemical Company. Headquartered in Bridgwater, United Kingdom, Amber Chemical is a global solutions provider for high performance silicone emulsion and elastomer applications.
COFCO Corp is to pay $1.5 billion to buy a 51 percent stake in Noble Group Ltd's agribusiness, its second acquisition in less than two months, writes Reuters. The two companies plan to form a joint venture, in which Noble will retain a 49 percent stake, that will link COFCO's grain processing and distribution business in China with Noble Agri's grain sourcing and trading arms.