Connecticut-based Aircastle, a company selling and leasing aircraft, has formed a joint venture with the Ontario Teachers' Pension Plan to invest in leased aircraft, with the goal of investing up to $1 billion. The first investment of the venture is two Airbus aircraft leased to Indonesia carrier PT Garuda Indonesia.
Toronto-based iGan Partners announced this week that it has made a substantial investment in Regal Financial Bankcorp, a community bank based in Seattle. Financial terms were not disclosed.
Resource Capital Fund VI has completed a $50 million preconstruction loan to Avanti Mining. According to Avanti, the funds will be used for its Kitsault project based in British Columbia.
Bricapital, a subsidiary of Miami real estate private equity firm Brilla Capital, said Monday that it has acquired a stake in the Hyatt Regency hotel located in Cartagena, Colombia. No financial terms were disclosed.
Resource Capital Fund VI has completed a $50 million preconstruction loan to Avanti Mining. According to Avanti, the funds will be used for its Kitsault project based in British Columbia.
Pacific Rubiales Energy Corp. said Monday that it has agreed to sell its minority stake and transportation rights in the Oleoducto Central S.A. oil pipeline in Colombia for $385 million. Darby Private Equity is one of the buyers. Itaú BBA served as financial advisor on this transaction, which closed on November 28, 2013.
Bravo Natural Resources closed $200 million in funding from Natural Gas Partners and the Bravo management team. Based in Tulsa, Oklahoma, Bravo is an exploration and production company focused on specific onshore basins in North America.
Revolution Capital Group has closed its buy of Tvilum from Masco Corp. No financial terms were disclosed. Tvilum is a maker of ready to assemble furniture.
Odyssey Investment Partners portfolio company Cross-Country Pipeline Supply Co., an equipment and supplies provider to the domestic oil and gas pipeline construction industry, has acquired Power Associates International, a hydrostatic equipment provider to the pipeline market. Financial terms were not disclosed.
Promotora Venture Capital Fund has invested in PrimeStone, a Colombia-based company that develops and supplies sophisticated smart grid applications and solutions for data collection, validation, management, control and data exchange. The company will use the investment for international expansion.