Brookfield Asset Management has formed a strategic alliance with Japanese transport company Mitsui O.S.K. Lines Ltd (MOL), which is intended to expand MOL's container terminal business. Under the terms of the strategic alliance agreement, MOL will transfer a 49 percent stake in its subsidiary International Transportation Inc (ITI) to a Brookfield-controlled fund. ITI is a holding company of TraPac LLC, and operates container terminals in the U.S. ports of Los Angeles and Oakland. Financial details of the transaction were not disclosed. Based in Toronto, Brookfield is a $175 billion manager of alternative assets.
Jan 16 (Reuters) - Apollo Global Management LLC said it will buy CEC Entertainment Inc, the parent of Chuck E Cheese restaurant chain, for about $948 million, adding to a portfolio that includes companies ranging from cruise ship operators to casinos.
Avison Young Inc has acquired Columbus, Ohio-based PSB Realty Advisors LLC, a provider of commercial real estate investment, brokerage, management and development services for office, retail, multi-family and industrial properties. The undisclosed deal also saw the company open a new U.S.-based office. The acquisition of PSB comes on the heels of Avision Young's buy last week of Atlanta, Georgia-based The Eidson Group LLC. With headquarters in Toronto, Avision Young is focused on commercial, office and industrial real estate services, and operates from 54 offices in Canada and the United States. It has been a portfolio investment of Canadian mid-market private equity firm Tricor Pacific Capital since Oct. 2011.
Wells Fargo Capital Finance said Thursday that it arranged a $55 million facility for Evergreen Enterprises. According to Evergreen, the financing will be used for working capital and "general corporate purposes." Based in Richmond, Virginia, Evergreen, which also includes Plow & Hearth, is a home and lifestyle products retailer.
RCS Capital Corp said it would buy independent broker-dealer Cetera Financial Group for about $1.15 billion in cash to grow its retail distribution business, Reuters reported.
Hamilton Robinson Capital Partners has acquired Sound Seal. No financial terms were disclosed. Based in Agawrm, Mass. Sound Seal is a maker of commercial and architectural acoustic noise control products.
Private investment firm Starwood Capital Group has bought Four Pillars Hotels. No financial terms were disclosed. Based in the UK, Four Pillars Hotels is a hotel owner and operator.
AEA Investors has completed its acquisition of Siemens Water Technologies. No financial terms were disclosed. The new company now will be known as Evoqua Water Technologies. Evoqua is a provider of water and wastewater treatment products, systems and services for industrial and municipal customers.
The Carlyle Group has agreed to acquire Johnson & Johnson's Ortho-Clinical Diagnostics business, which provides solutions for screening, diagnosing, monitoring and confirming diseases, for $4.15 billion. The transaction is subject to regulatory approvals and expected to close mid-2014. Equity for the deal is coming from Carlyle's sixth fund, which closed on $13 billion in November. The firm lined up financing for the deal from Barclays, Goldman Sachs, Credit Suisse, UBS and Nomura.
Apollo is to acquire CEC for approximately $1.3 billion, including the assumption of the company’s outstanding debt. CEC is a family dining and entertainmentcain which operates 577 Chuck E. Cheese’s stores.