BGF has backed medical devices company Medicina. Medicina is based in Bolton, UK and was founded by CEO Ken Harrison in 1992. Clients include the NHS and a number of leading homecare companies.
ARX Equity Partners has exited its investment in Polish plastics processor Ergis generating an overall internal rate of return of over 33 percent and 4.5 cash-on-cash multiple. The ARX exit was executed via a series of block trades to investors on the Warsaw Stock Exchange in December 2013, which followed the partial realization of the Ergis investment in 2006.
Canadian private equity firm Beedie Capital Partners has provided US$7 million in growth capital to Vino Volo, a San Francisco-based operator of a chain of upscale wine tasting and wine retail establishments found primarily at airports across North America. Beedie made the investment through a series of debt and standby facilities intended to help the company continue its expansion into airport locations, and support the recently launched loyalty and direct-to-consumer programs. The Vancouver-based Beedie provides growth financing solutions for small to mid-market companies across a wide variety of industry sectors.
Commonwealth Bank of Australia (CBA) on Wednesday said it will accept an offer from Dexus Property Group and the Canada Pension Plan Investment Board (CPPIB) to buy Commonwealth Property Office Fund (CPA) for US$2.7 billion, reports Reuters. The fund, which owns 26 office buildings in major business districts, is the target of a bidding war between the Dexus-led consortium and rival property investor The GPT Group, as they seek more Australian office real estate because it promises high yields.
Snap Fitness, which is backed by Summit Partners, is up for sale, sources tell peHUB.
Britain's Centrica said it would sell its Texas gas-fired power stations to Blackstone for $685 million in cash and return the proceeds to investors by extending its share buyback program, Reuters reported.
Private equity firm Ardian has sold its minority stake in CEGOS Group. The buyers were CEGOS Group's management and CEGOS Association. No financial terms were disclosed. The CEGOS Group is a Europe-based provider of professional training services.
Atlanta private equity firm Eagle Merchant Partners has bought Vasari, the largest Dairy Queen franchisee in Texas. No financial terms were disclosed.
Private equity firm Sverica said Wednesday that it has made an investment in 7Summits. No financial terms were disclosed. Headquartered in Milwaukee, 7Summits is a provider of social business consulting and agency services.
Private investment firm Forstmann Little said Wednesday that it has inked an agreement to sell IMG to Silver Lake Partners and William Morris Endeavor Entertainment. No financial terms were disclosed. Evercore and Morgan Stanley advised Forstmann Little on the transaction. Headquartered in New York City, IMG is a global talent agency.