Caledonia has sold its entire stake in Oval, a leading provider of insurance broking and financial services, to Gallagher, an international insurance brokerage and risk services firm quoted on the NYSE. Separately, Caledonia has also sold its stake in Amber Chemical Company, a global specialty silicones group, to ICM Corporation, a US based silicones business.
Identiv has entered into a $20.0 million term loan and line-of-credit agreement through Opus Bank's technology banking division. The proceeds of the transaction will be used to retire existing debt and enhance liquidity, creating a stronger financial platform to accelerate growth.
Avison Young Inc has purchased London-based commercial real estate services firm Haywards LLP. The transaction, the financial value of which was not released, provides Avison Young with its first European offices in London and Thames Valley. The Toronto-based real estate company has over the past five years grown from 11 to 56 offices in 45 markets, and from 300 to more than 1,500 professionals located across Canada, the United States and Europe. It has been a portfolio investment of Canadian mid-market private equity firm Tricor Pacific Capital since October 2011.
Rock Island Capital has put Welch ATM up for sale, according to two sources.
American Lawyer publisher ALM Media, which was once controlled by Wall Street dealmaker Bruce Wasserstein, is exploring a sale that could fetch more than $500 million, sources told Reuters.
KKR said Tuesday that it is acquiring Aceco TI from General Atlantic and other shareholders. No financial terms were disclosed for the transaction, which KKR is making in partnership with Aceco's CEO Jorge Nitzan who will both continue in his position and hold a minority stake in the firm. Based in Brazil, Aceco is a provider of data center design, implementation and maintenance solutions in Brazil and Latin America.
SunTrust Robinson Humphrey, the corporate and investment banking arm of SunTrust Banks, has acquired Lantana Oil & Gas Partners. No financial terms were disclosed for the transaction, which was completed on March 31, 2014. Based in Houston, Lantana Oil & Gas Partners, which will be renamed Lantana Energy Advisors, is an acquisition and divestiture firm in the exploration and production sector.
H.I.G. Capital said Tuesday that it has made a "significant investment" in Office Total. Based in Rio De Janeiro, Brazil, Office Total is a managed print services provider.
Middle market private equity firm HGGC has made an undisclosed investment in AutoAlert. The Presidio Group advised AutoAlert on the transaction. Based in Irvine, Calif., AutoAlert is a provider of data mining and portfolio management solutions to automotive dealers across North America.
The Riverside Company said Tuesday that it has made an undisclosed investment in BeneSys. THL Credit and PNC provided financing for the transaction. Jones Day and Deloitte served as advisor to Riverside. Based in Troy, Michigan, BeneSys is a provider of third-party administration services for employee healthcare and pension benefit programs for Taft-Hartley multiemployer plans.