Black Swan Energy Ltd, a Calgary-based company focused on unconventional resource exploration and development, has secured an equity investment of $150 million, bring its total investment to date to over $500 million. The new funding was provided by existing investors Canada Pension Plan Investment Board, Canadian energy-focused private equity firm KERN Partners, and U.S.-based Warburg Pincus, which have all backed the company since 2011. The additional capital will be used to fund the appraisal and development of current properties in the Montney play in British Columbia and the Duvernay play in Alberta. The company's management team and directors include former senior managers of Talisman Energy Inc.
The sale of Captain D's Seafood Restaurant is expected to generate an IRR of 100% for Sun Capital Partners, a source tells peHUB.
BlackBerry Ltd is "very much alive, thank you," Interim Chief Executive John Chen affirmed in an open letter on Monday in which the smartphone maker committed itself to rebuilding as a niche player concentrating on the enterprise market, reports Reuters. Chen took over as CEO a month ago after BlackBerry abandoned a plan to sell itself. Rather than sell itself, BlackBerry said early last month it would raise $1 billion in a convertible notes offering led by Fairfax Financial Holdings Ltd, its largest shareholder.
Crestview Partners, out marketing its latest fund, is doing its first retail deal and acquiring NYDJ Apparel, whose products include Not Your Daughter's Jeans.
Calgary-based telecommunications company WiMacTel Inc has secured an undisclosed investment from subordinated debt and mezzanine financing provider First West Capital. WiMacTel, which supplies operator services, directory assistance, long distance, wireless/VoIP dial tone and payphone services to a range of clients in Canada and the United States, will use the funding to accelerate its business goals. Vancouver-based First West Capital is the $100 million investment arm of First West Credit Union.
According to Education Investor, Bridgepoint Private Equity is in talks to acquire Cambridge Education Group from Palamon Capital Partners. The site also reported that the deal is expected to close Tuesday. Based in the UK and U.S., CEG is a provider of pre-university courses to students.
Brookside Mezzanine Partners has made an undisclosed investment in Hubbardton Forge. Brookside provided a portion of subordinated debt along with equity funding to support Bunker Hill Capital's acquisition of HF. Headquartered in Castleton, Vermont, HF is a maker of light fixtures for the residential and commercial markets.
Water Street Healthcare Partners has sold Medical Specialties Distributors to New Mountain Capital. No financial terms were disclosed. Based in Stoughton, Mass., MSD is a distributor and solutions provider to the alternate-site home infusion therapy market.
Sun Capital Partners said Tuesday that it has closed its sale of Captain D’s Seafood Restaurant to Centre Partners. No financial terms were disclosed. Headquartered in Nashville, Captain D’s is a fish restaurant chain.
Grey Mountain Partners has acquired ATS Workholding. Headquartered in Rancho Santa Margarita, California, ATS provides CNC machine tool accessories for use in a variety of end markets including oil and gas, aerospace, and construction.