Mega Precious Metals Inc (TSX Venture: MGP) has secured an initial US$3 million in convertible note financing, and an option for additional investment up to a total of US$40 million, from Pacific Road Resources Funds, which is managed by mining-focused private equity firm Pacific Road Capital Management. The funding is intended to support development of the company's flagship Monument Bay Gold Tungsten Project in Manitoba. Osler, Hoskin & Harcourt LLP is acting for Pacific Road in the deal. Based in Thunder Bay, Ontario, Mega Precious Metals is an explorer and developer of Canadian precious metal projects. Pacific Road has its headquarters in Sydney, Australia, and offices in Vancouver, B.C. and San Francisco, California.
Wunderlich Securities will receive up to $40 million in funding. Altamont Capital Partners led the round. Keefe, Bruyette & Woods advised Wunderlich in the transaction. Headquartered in Memphis, Wunderlich is an investment firm.
U.S. private equity firm Apollo has bought a portfolio of Irish home loans from Britain's Lloyds Banking Group for 257 million pounds ($419.4 million), less than half their nominal value, Reuters reported.
Private equity firm Thoma Bravo LLC is exploring a sale of two of its portfolio companies, Hyland Software Inc and LANDesk Software Inc, which could collectively be worth more than $2 billion, sources told Reuters.
Italian utility Enel said on Friday it had signed a deal with investment fund F2i and private equity firm Ardian to sell its 14.8 percent stake in Enel Rete Gas in a deal valued at 122.4 million euros ($167 million), Reuters reported.
BPA Solutions has secured an undisclosed amount of funding from Debiopharm Investment. Based in Switzerland, BPA is a provider of business software solutions based on Microsoft SharePoint technologies.
Trax Technology Solutions Pte Ltd. said Friday that it has closed $2.5 million in funding. According to the company, the investors were the "original stakeholders." The capital infusion will be used to accelerate Trax's growth. Based in Singapore, Trax is a provider of in-store auditing and shelf monitoring solutions for the consumer goods industry.
Sanders Walker had been working for 13 years at a BWAY Corp factory in Macon, Georgia, when the word came down one September 2011 morning: The company, a maker of plastic and metal containers, was closing the plant. Walker, a quality manager, and about 70 other employees were out of work.
Veolia Energy North America, a provider of sustainable energy services, is partnering with I Squared Capital, a global infrastructure investment firm, to acquire the 256-megawatt Kendall Station in Cambridge, Massachusetts from NRG Energy. The Kendall Cogeneration Station uses natural gas as a primary fuel source to produce electrical and steam energy.
Nautic Partners has acquired QoL meds, a specialty pharmacy serving the mental health community, for an undisclosed amount. QoL was formed in 2000 and is headquartered in Pittsburgh, PA.