Brazilian education company Abril Educação SA is in talks with private equity funds Carlyle and KKR over the sale of a minority stake in the company for up to 450 million reais ($187.5 million), newspaper Valor Economico said on Wednesday.
France's Vinci is close to selling the bulk of its parking-lot division to two French financial firms as Europe's biggest builder sharpens its focus on higher-growth businesses such as airport concessions.
Yellow Wood Partners' portfolio company Parfums de Coeur, a provider of mass-market fragrances and a supplier of specialty bath products in the United States, has acquired Dr. Teal’s Therapeutic Solutions from health and beauty company Advanced Beauty. Terms of the deal were not disclosed.
Alliance Laundry Holdings is acquiring Primus Laundry Equipment Group. Alliance Laundry is an indirect subsidiary of ALH Holding Inc, a portfolio company of the Ontario Teachers’ Pension Plan managed by its private equity investment division, Teachers’ Private Capital.
GuardeAqui, which operates Brazilian self-storage facilities, has entered a joint venture with Morgan Stanley Alternative Investment Partners. Morgan Stanley will join GuardeAqui's current partner, Equity International.
AGI Partners has completed a new investment in Aura XM. Terms of the transaction were not disclosed. The Oakville, Ontario-based company is a provider of experiential marketing solutions to leading global clients.
Platinum Equity appears to be getting some of its equity back just weeks after buying BlueLine Rental in a $1.1 billion deal.
General Growth Properties Inc (NYSE: GGP) has repurchased close to 28 million common shares held by U.S. hedge fund manager Pershing Square Capital Management for a total consideration of approximately US$556 million. As a result, Pershing Square no longer has an investment stake in the company. In 2010, Pershing Square partnered with Brookfield Asset Management and Fairholme Capital Management in the recapitalization of the bankrupt business for US$6.5 billion. Based in Chicago, Illinois, General Growth is an owner, developer, and operator of retail properties in regional shopping malls in the United States. It remains a portfolio company of Brookfield.
Investors in Novik Inc (TSXV: NVK) have approved the company's acquisition for approximately $45 million by U.S. private equity firm Clearview Capital. The previously announced transaction was approved by close to 78 percent of all Novik shareholders present or represented by proxy at a meeting held this week. The company expects that the deal's closing will occur on February 14, 2014. The Saint-Augustin-de-Desmaures, Québec-based Novik is a manufacturer of polymer exterior siding, roofing coverings and accessories.
Warburg Pincus has invested $32 million in Specialists On Call. Based in Reston, Virginia, SOC is a provider of specialty physician services via videoconferencing.