Rosser Capital Partners has made a growth investment in T&B Management (Hickory Tavern), a Charlotte, North Carolina-based restaurant chain. Arlington Capital Advisors worked as the exclusive financial advisors to Hickory Tavern and its shareholders in the deal. Rosser Capital was formed by Hal Rosser, founding partner of Bruckmann Rosser & Sherrill.
Loral Space & Communications Inc, which holds a majority stake in Canadian satellite communication services company Telesat Holdings Inc, is exploring a sale, people familiar with the matter told Reuters. Loral, whose biggest shareholder is hedge fund veteran Mark Rachesky's MHR Fund Management LLC, is working with Credit Suisse Group AG as it prepares to market itself to potential buyers. At the same time, Loral is talking to another Telesat shareholder, Canada's Public Sector Pension Investment Board (PSP), about the possibility of jointly selling Telesat, one of the people said. There is no agreement currently between Loral and PSP about a joint sale of Telesat, the people said. Headquartered in Ottawa, Ontario, Telesat is the world's fourth largest provider of fixed satellite services.
Canadian private equity and infrastructure manager and advisor Northleaf Capital Partners has agreed to partner with WHEB Infrastructure on a joint venture that will see continued expansion of WHEB's rooftop solar portfolio in the United Kingdom. Northleaf has acquired a 50 percent stake in the portfolio, as well as a pipeline of additional installations that will be operational in early 2014. Financial terms of the agreement were not disclosed. Based in London, WHEB is a private equity, listed equity and infrastructure investor in sustainable, resource-efficient and energy-efficient projects.
TI Automotive has delayed its vote to be acquired by Bain Capital Partners for $2 billion in order to consider a rival offer from Pamplona Capital Management, Bloomberg reported. According to the outlet, Pamplona's bid is $11.53 a share, which is "about $115 million more than Bain's." Headquartered in Auburn Hills, Michigan, TI Automotive is an auto systems fuel maker.
Investment firm The Gores Group has bought Zmags Corp. No financial terms were disclosed. Headquartered in Boston, Zmags is a provider of digital publishing and ecommerce solutions.
The Carlyle Group and Investec Asset Management have agreed to invest in J&J Africa. No financial terms were disclosed for the transaction, which is expected to be completed in the first quarter of 2014. J&J Africa is a logistics provider specializing in transportation along the Beira Corridor.
Castle Rock Innovations said Thursday that it has closed a private placement. No financial terms were disclosed. Investors included Tactex F1 Private Equity Fund and Ferst Capital Partners. Headquartered in Chicago, Castle Rock is a provider of software development, management consulting, and information management services.
Toronto-based Pinetree Capital has purchased 4 million common shares and 4 million warrants of LeoNovus. As a result of the transaction, Pinetree now holds an aggregate of 10,186,500 common shares of LeoNovus. Based in Ottawa, Ontario and Sunnyvale, Calif., LeoNovus is an internet developer.
Grupo Bimbo, one of the world's largest bread makers, has emerged as the leading candidate to acquire Canada Bread Co Ltd from majority owner Maple Leaf Foods Inc, people familiar with the matter told Reuters. Other parties involved in the auction of the roughly C$1.8 billion (US$1.64 billion) bakery company - including private equity firms KKR & Co LP and Bain Capital LLC, as well as U.S.-based Flowers Foods Inc - are no longer actively pursuing a deal, the sources said. Canadian food processor Maple Leaf said in October it would look to sell its 90 percent stake in Toronto-based Canada Bread, a maker of bread, rolls, bagels and sweet goods.
Singapore-based private equity firm Luminor Capital has made a CHF 5.5 million investment in Next Generation Finance Invest. Based in Switzerland, Next Generation Finance Invest is a financial trading platform.