The Riverside Company has acquired Be Green Packaging of Santa Barbara, California. Be Green Packaging designs and manufactures environmentally friendly packaging using innovative tree-free, compostable and recyclable materials.
The Carlyle Group has completed the acquisition of Diversified Global Asset Management Corporation, a global manager of hedge funds with more than $6.7 billion in managed and advised assets. Equity for the transaction came from Carlyle’s balance sheet.
Verint Systems has completed its acquisition of KANA Software, an Accel-KKR portfolio company, for $514.2 million in cash. Accel-KKR invested in KANA Software in 2009.
Intervale Capital has invested alongside a veteran management team to form Tier 1 Energy Solutions. Tier 1 provides wireline and completion services and is headquartered in Edmonton, Alberta.
Ridgemont Equity Partners and the company’s founders have formed Pintail Oil and Gas. The company will focus on acquiring, enhancing, and developing oil and gas properties primarily along the onshore Gulf Coast. Pintail’s strategy will be supported by over $50 million of equity capital committed by Ridgemont and Pintail’s management team.
A fund managed by Ashmore Colombia, an Andean private equity investment manager and subsidiary of Ashmore Group has acquired an 85% interest in Compañía de Desarollo Aeropuerto Eldorado, the concessionaire of the two runways at El Dorado Airport in Bogotá. Abertis Infraestructuras has sold the runways for a total consideration of COP132 billion (approximately US$66 million).
Private equity group 3i is preparing to sell German car parts maker Hilite International in a deal that could be worth more than 400 million euros (332 million pounds), writes Reuters. Morgan Stanley has been hired to look at options including a potential sale or refinancing, the sources added, as 3i seeks to take advantage of an upturn in car markets.
AIC Ventures, a private real estate investment fund manager, has purchased the 34,000 square foot corporate headquarters of Fox Service Company in Austin, Texas. At the time AIC Ventures closed the acquisition and simultaneously entered into a long‐term lease with the company, Fox was acquired by Inoca Capital Partners.
Québec City-based Virginia Mines Inc (TSX: VGQ) has concluded a transaction that will see Québec private equity funds participate in the financing of a $28 million accelerated exploration program on the Coulon mining project. Sodémex Développement LP, a subsidiary of the Caisse de dépôt et placement du Québec, the Fonds de solidarité des travailleurs du Québec FTQ, Fonds regional Nord-du-Québec and Sidex LP, will along with Virginia Mines invest in a new vehicle, Mines Coulon Inc, over a four-year period. The Coulon project holds undeveloped copper-zinc-silver resources located in Québec. The Caisse de dépôt launched the $250 million Sodémex fund in June 2013 to make investments in companies in natural resources sectors.
U.S. private equity firm Stockton Road Capital has made a minority investment alongside CCMP Capital Advisors in the latter's acquisition of Jamieson Laboratories Ltd, a manufacturer and distributor of vitamins, minerals and nutrition supplements. Stockton Road also announced that the firm's operating partner Cyrill Siewert will join the company's board of directors. Jamieson has its headquarters in Windsor, Ontario.