Kinderhook Industries has acquired GlobalHealth. GlobalHealth is Kinderhook's seventh healthcare platform investment and eighteenth purchase in the healthcare services space, including add-on acquisitions. Financial terms of the transaction were not disclosed. GlobalHealth is an Oklahoma based health maintenance organization.
Borealis Infrastructure, an investment arm of the Ontario Municipal Employees Retirement System (OMERS), has entered into a deal to increase its ownership in nuclear generating facility Bruce Power. Borealis has agreed to pay $450 million to acquire the 31.6 percent interest currently held in part of the facility by Cameco Corp (TSX:CCO). Upon completion of the purchase, Borealis will own a 56.1 percent share. Other Bruce Power investors, including TransCanada Corp, the Power Workers’ Union and Society of Energy Professionals will now have the opportunity to exercise their options related to taking additional ownership. Bruce Power's site in Tiverton, Ontario is home to eight CANDU reactors. The facility was responsible for over 30 per cent of the electricity in the province in 2013.
The Canada Pension Plan Investment Board (CPPIB) said on Friday it will buy a 10.4 percent stake in Transportadora de Gas del Perú (TgP) from Peruvian engineering and construction firm Graña y Montero, for about US$200 million. TgP is the largest transporter of natural gas and natural gas liquids in Peru, Toronto-based CPPIB said. Its customers include the largest power generators, natural gas distributors and industrial companies in the country.
India's Aditya Birla Nuvo Ltd, a unit of diversified Aditya Birla Group, has agreed to sell its business process outsourcing unit Minacs to a group of investors for US$260 million. Minacs has a significant market presence in Canada, and an office in Toronto. The group of investors is led by private equity firms Capital Square Partners (CSP) and CX Partners (CXP), the company said in a statement on Friday, adding the deal is expected to be closed in two to three months. Minacs was previously a portfolio investment of Canadian private equity firm ReichmannHauer Capital Partners. The firm led the acquisition of Minacs, a TSX listed company, in 2006 and subsequently invested in TransWorks Information Services Ltd, an Indian BPO company that merged with Minacs.
Borealis Infrastructure, OMERS' investment arm, said Friday that it has inked an agreement to acquire up to a 31.6 percent stake in Bruce Power B for C$450 million. The seller is Cameco Corp. As a result of this transaction, Borealis now owns a majority stake in Bruce Power. Headquartered in Tiverton, Ontario, Bruce Power operates four nuclear power reactors.
LA-based investment firm The Gores Group and Technology4Medicine have agreed to buy a controlling stake in Fotona d.d. No financial terms were disclosed for the transaction, which is expected to be completed in the first quarter of 2014. Based in Slovenia, Fontona is a maker of lasers for medical, dental and aesthetic uses.
Buyout group KKR has agreed to take a roughly 10 percent stake in the capital's top division soccer club Hertha Berlin in a deal worth about 60 million euros that will boost the club's finances, the two sides said on Friday.
Private equity firm Wasserstein & Co. has acquired Recorded Books from Haights Cross Communications. No financial terms were disclosed. Northwestern Mutual and Lexington Partners are co-investing in the deal. BNP Paribas provded the financing for the transaction while Berkery, Noyes & Co. advised HCC and Recorded Books. Headquartered in Prince Frederick, Maryland, Recorded Books is an audiobook publisher and provider of digital content to the library, school and retail markets.
Private equity investor Lone Star has hired Rothschild and Bank of America Merrill Lynch as advisors for the planned sale of German corporate bank IKB, Reuters reported.
Public finance specialist Depfa, which state-rescued German bank Hypo Real Estate has put on the block, has attracted binding offers from several private equity groups and hedge funds, sources told Reuters.