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.
Encore Consumer Capital has completed the sale of Zuke's, a marketer of premium dog and cat treats, to Nestlé Purina PetCare Company, the pet care division of Nestlé S.A. Cascadia Capital acted as financial advisor for Zuke’s and Brownstein Hyatt Farber Schreck worked as legal counsel.
Monroe Capital has provided a unitranche credit facility and equity co-investment to support the acquisition of Summit Container Corporation by 127 Summit Holdings LLC. Headquartered in Monument, Colorado, Summit is a niche-oriented, full service corrugated manufacturing company that designs, manufactures, and sells highly engineered protective packaging to various customers.