Franchise Services of North America Inc (TSX Venture: FSN) announced that its application to sell Simply Wheelz LLC, which does business as leased vehicle fleet operator Advantage Rent A Car, to Canadian private equity firm Catalyst Capital Group has been approved by the Federal Trade Commission. The previously announced deal is expected to close before the end of March. Franchise Services, which has its Canadian head office in Calgary, acquired Advantage from Hertz Global Holdings Inc in 2012.
Denmark's Dong Energy has sold half of its 50 percent stake in the world's largest offshore wind farm located in Britain to Canada's the Caisse de depot et placement du Quebec for 644 million pounds (US$1.1 billion), the two sides said on Friday. The deal reduces Dong's stake to 25 percent and leaves Germany's E.ON as the project's largest shareholder with 30 percent. The 630-megawatt London Array offshore windfarm is located 20 kilometres off the coast of Kent and was officially opened in July 2013. The transaction is expected to be completed in the first half of 2014.
Stockton Road Capital has acquired a minority stake alongside CCMP Capital Advisors in their buy of Jamieson Laboratories. No financial terms were disclosed. Houlihan Lokey's William Hood served as investment banking advisor to Jamieson on the transaction. Headquartered in Toronto, Jamieson is a maker of natural health products.
Northern Virginia private equity firm Militello Capital has made an undisclosed investment in SalesWarp. Based in Baltimore, SalesWarp is a provider of ecommerce solutions.
Rockland Capital, a private equity firm focused on the power sector, has closed its buy of three Illinois-based natural gas-fired generation facilities from Ameren Corp. No financial terms were disclosed.
LBC Credit Partners has provided $42.5 million in financing to support the recapitalization of Senco Brands. A portfolio company of Wynnchurch Capital, Senco is a maker of fastening tools, staples, nails and screws.
La Française and Forum Partners said Monday that they have acquired Cushman & Wakefield Investors, the investment management unit of Cushman & Wakefield. No financial terms were disclosed for the transaction. As a result of the acquisition La Française will own a 66.6 percent stake in CWI while Forum will own a 33.3 percent stake. CWI will run under the name La Française Forum Real Estate Partners.
WellPoint said Monday that it has completed the sale of its contact lens retail subsidiary 1-800 CONTACTS to Thomas H. Lee Partners. No financial terms were disclosed.
OMERS Private Equity has closed its buy of Maxxam Analytics International Corp. for C$650 million. Based in Canada, Maxxam is a provider of analytical services and solutions to the energy, environmental, food and DNA sectors.