Private equity firm CVC Capital has agreed to invest over $200 million into China education company EIC Group, buying shares from its founder and rival private equity firm Actis Capital, sources told Reuters.
H.I.G. Capital-backed Infogix has acquired Agilis International, which provides predictive data analytics and reconciliation solutions for the telecom and media sector. Fairmount Partners, headquartered in Philadelphia, advised Agilis in the transaction. Terms of the deal were not disclosed.
Energy Investors Funds has acquired the Channelview cogeneration facility, an 865 MW gas-fired power plant near Houston, Texas. EIF acquired the plant from Global Infrastructure Partners and Fortistar using capital from its EIF United States Power Fund IV. Terms of the deal were not disclosed.
Littlejohn & Co.-backed alphabroder, which distributes imprintable sportswear and accessories in the U.S., has acquired Ash City Worldwide, a North American promotional apparel manufacturer and supplier. Ash City is alphabroder's second acquisition since Littlejohn led the recapitalization of Broder and took control of the board of directors. The company previously acquired Imprints Wholesale in 2012.
Crealta Pharmaceuticals, established in partnership with GTCR in August 2013, has acquired out of bankruptcy substantially all the assets of Savient Pharmaceuticals. Crealta previously announced it had won the auction for the assets, signed a definitive agreement with Savient and received approval from the U.S. Bankruptcy Court in Delaware for the deal.
Franchise Services of North America Inc (TSX Venture: FSN) announced that a Mississippi bankruptcy court has appoved the sale to Canadian private equity firm Catalyst Capital Group of certain assets of its subsidiary Simply Wheelz LLC, which does business as leased vehicle fleet operator Advantage Rent A Car. The previously announced transaction is expected to be completed in the first quarter of 2014, subject to procedural matters and arrangements with third parties. Franchise Services, which has its Canadian head office in Calgary, acquired Advantage from Hertz Global Holdings Inc in 2012.
The long-awaited sale of Russell Investments is finally happening.
Fairfax Financial Holdings Ltd will buy another $250 million worth of BlackBerry Ltd's convertible debentures, the companies said Wednesday, providing the struggling smartphone maker with much-needed cash. Fairfax is exercising a previously announced option linked to BlackBerry's recent $1 billion debt financing, in which it had initially bought $250 million. Other backers of the initial offering included an arm of Qatar's sovereign wealth fund, Brookfield Asset Management, and Markel Corp. Canso Investment Counsel Ltd had bought $300 million.
Northwestern Mutual Life has hired Goldman Sachs to run the auction of Russell Investments, sources told peHUB. Russell, which runs the Russell Indices, could sell for $2 billion to $2.5 billion.
Brookside Mezzanine Partners said Thursday that it has made an undisclosed investment in Naylor. Based in Gainesville, Florida, Naylor is a provider of outsourced business and communications services for the North American association marketplace.