Riverstone Holdings has invested up to $300 million in Eagle Energy Exploration, an investment that includes up to $200 million from Riverstone Global Energy and Power Fund V, and up to $100 million from Riverstone Energy Limited. Eagle will pursue oil and gas exploration and production opportunities in the mid-continent of the U.S.
WestView Capital Partners has recapitalized Apex Information Technologies, a provider of back-end billing solutions to healthcare providers. NXT Capital provided senior debt financing for the transaction.
Canadian pension fund manager the Caisse de dépôt et placement du Québec has invested an additional $4 million of equity in CAD Railway Industries Ltd, a manufacturing company servicing the rail, marine, mining, and power generation industries, with a particular focus on rolling-stock repair and refurbishment. The new funding will allow CAD Railway Industries to modernize its equipment and facilities, and diversify its services over the long term. The Caisse has been a backer of the company since 2011, when it made a $7 million investment as part of a management buyout transaction. CAD Railway Industries was founded in 1968 and is based in Lachine, Québec.
Canadian private equity firm Beedie Capital Partners has made an investment in Zafin Labs Technologies Ltd, a provider of relationship banking software solutions for the financial services industry. Beedie committed a total of $5 million in convertible debt and standby facilities to be used for the purposes of growth capital. Additional terms of the deal were not disclosed. Founded in 2002, Zafin operates out of multiple global locations, including North America, Europe, Middle East, Africa and Asia Pacific. The Vancouver-based Beedie provides growth financing solutions for small to mid-market companies across a wide variety of industry sectors.
State-controlled Finnish utility Fortum has agreed to sell its local power distribution grid to a consortium of institutional investors led by First State Investments and Borealis Infrastructure for 2.55 billion euros ($3.5 billion), reports Reuters. The deal is the latest in a series of regulated distribution network sales made by large energy firms wanting to cut debt and focus on their power generation businesses instead. First State, an asset management business owned by Commonwealth Bank of Australia, and Borealis Infrastructure, owned by Canadian pension fund OMERS, both have a 40 percent stake in the buying consortium called Suomi Power Networks.
The Canada Pension Plan Investment Board said on Thursday it has agreed to acquire the assets of Assiniboia Farmland, a fund that owns and manages a large portfolio of farmland in Saskatchewan, for about C$128 million, Reuters reported.
Littlejohn & Co has completed a significant equity investment in Newgistics, a provider of e-commerce solutions and services for brands and retailers. Newgistics will continue to operate as an independent entity, and the executive and management team will remain in place.
Pritzker Group Private Capital has acquired Milestone AV Technologies, a global designer, marketer and distributor of branded audio-visual products for consumer and commercial use. Milestone was purchased for an undisclosed price from The Duchossois Group, which will retain a significant interest in the business.
Hicks Equity Partners, Gemini Investors and Monhegan Partners have partnered with Bill Ihnken to acquire Just Brakes, a retail provider of automotive brake and maintenance services. Financial terms of the transaction were not disclosed.
Noble Investment Group has acquired the Q Hotel located in the historic Westport District of Kansas City, Missouri. The 123 room hotel will undergo a renovation and conversion to become one of the first AC Hotels by Marriott properties located in the U.S. AC Hotels by Marriott is an urban lifestyle hotel brand with 79 properties in Spain, Italy, Portugal and France and will be unveiled soon in the U.S.