Stainless steel maker Outokumpu plans to raise a rights issue and divest assets back to ThyssenKrupp in an unexpected package of steps aimed at shoring up its finances, writes Reuters. The move will partly reverse Finnish Outokumpu's 2012 acquisition of Thyssenkrupp's stainless steel business Inoxum as it transfers a large steel plant in Terni, Italy, and high-performance alloy unit VDM back to the German group.
Alinda Capital Partners has agreed to buy Polish broadcast infrastructure firm Emitel from Montagu Private Equity, writes Reuters. Terms of the deal were not disclosed.
Atrium Innovations Inc said a group of investors, including European private equity firm Permira Funds, would buy the dietary supplements maker for about C$751.2 million, reports Reuters. Atrium shareholders will receive C$24 in cash per share, a nearly 23 percent premium to the stock's Thursday close on the Toronto Stock Exchange. Permira Funds will own 75 percent of the company after deal close. The total enterprise value of the deal, including debt, is about C$1.1 billion. Fonds de solidarité FTQ and Caisse de dépôt et placement du Québec, who collectively hold about 25 percent of the company, have agreed to vote in favor of the deal, Atrium said.
John Laing Infrastructure Fund (JLIF), which is managed by London, U.K.-based John Laing Capital Management, has completed its acquisition of a 50 percent interest in Kelowna Vernon Hospitals in British Columbia, a long-term P3 project. The undisclosed deal is JLIF's third investment in the Canadian secondary P3 market. Bilfinger Berger Global Infrastructure (BBGI) earlier this month announced its purchase of the other 50 percent of the project. BBGI is an infrastructure investment firm incorporated in Luxembourg.
Montréal-based pension fund manager the Caisse de dépôt et placement du Québec has acquired a a 26.7 percent investment stake in the Port of Brisbane in Australia's Queensland. The seller was New York-based private equity firm Global Infrastructure Partners. No financial terms were disclosed for the transaction, which is expected to to be completed by December 18, 2013. The Port of Brisbane is Australia's third-largest container port.
DHX Media Ltd (TSX: DHX) has agreed to acquire Family, the most-viewed children's channel in Canada, and three Disney-branded channels from Bell Media for around $170 million. The company said the purchase price is expected to be financed with a credit facility and cash on hand. The deal, which follows DHW Media's purchase of Ragdoll Worldwide Ltd in September, is expected to be completed in 2014. The Halifax, Nova Scotia-based DHX Media, which is focused on TV production and distribution, interactive content and entertainment licensing, became a portfolio company of Canadian buyout firms Birch Hill Equity Partners and OMERS Private Equity when it bought Cookie Jar Group last year. Cookie Jar had been backed by Birch Hill and OMERS since 2004.
TriWest Capital Partners, a Calgary-based mid-market private equity firm, has acquired a majority position in Colter Energy Services Inc and Colter Production Testing Services Inc for an undisclosed sum. With headquarters in Okotoks, Alberta, the businesses together provide production testing equipment and services to the oil and gas industry in Western Canada and the Northern United States. Colter said the partnership with TriWest will help facilitate its strategic growth plans. The deal, which comes on the heels of TriWest's acquisition of Triple M Housing Ltd, is the third investment made to date by TriWest Capital Partners Fund IV, which was closed at $350 million in 2012.
Former Whyte & Mackay Chief Executive Vivian Imerman is interested in buying the whisky assets back from Diageo, his investment firm said on Friday.
Atrium Innovations Inc, a maker of dietary supplements, said a group of investors, including European private equity firm Permira funds, would acquire the company for about C$1.1 billion ($1 billion), including debt, Reuters reported.
Lynx Equity Limited has closed $15 million in financing from Windsor Private Capital Limited Partnership. Based in Toronto, Lynx is a private equity fund manager. Windsor is a private merchant bank that is also headquartered in Toronto.
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