U.S. private equity firm GenNx360 Capital Partners has acquired Salford Farm Machinery Ltd. No financial terms were disclosed for the transaction. Based in Salford, Ontario, Salford is a manufacturer of tillage, seeding and fertilizing equipment. Update: The company's partnership with GenNx360 will focus on leveraging Salford's operational expertise and executing on identified growth opportunities, both organically and through add-on acquisitions.
Blue Point Capital Partners said Thursday that it has completed a recapitalization of Trademark Global. No financial terms were disclosed. Headquartered in Lorain, Ohio, Trademark is a virtual manufacturer and distributor to online retailers.
Spain's biggest bank Santander on Thursday said it had reached an preliminary agreement to sell its property management unit Altamira Real Estate to U.S. private equity group Apollo Global Management, Reuters reported.
Private equity firm Bain Capital LLC has ended advanced talks with auto parts supplier TI Automotive Ltd over a possible buyout after failing to meet TI's price expectations of close to $2 billion, sources told Reuters.
OMERS Private Equity has acquired Caliber Collision Centers from ONCAP. No financial terms were disclosed for the transaction. Based in Lewisville, Texas, Caliber is a provider of automotive collision repair services in the United States. Update: The company was acquired in 2008 in a management buyout led by ONCAP, the mid-market private equity platform of Toronto-based Onex Corp. Onex reported that the exit transaction, earlier valued at US$425 million, provided ONCAP with a multiple of capital invested of about 7.5 times.
KKR Asset Management, a sub-investment grade manager owned by Kohlberg Kravis Roberts, has agreed to acquire cutting technology business Winoa Group from LBO France. The deal will allow for a recapitalization of the business through reduction of debt and access to new money for growth. The transaction still needs approval by authorities.
LFE Capital has sold Global ID Group. Based in Fairfield, Iowa, Global ID provides analytic testing, third-party certification, and consulting services to the agriculture and food industries. Terms of the transaction were not disclosed.
Hong Kong-based private equity real estate firm Gaw Capital Partners has acquired the Waterside House at Paddington in London on behalf of a pool of top-tier Korean institutional investors. Gaw Capital Partners is the advisor and co-investor in the Waterside House deal and will become the asset manager.
French private equity firm PAI Partners is selling a 9 percent stake in IT services Atos through an accelerated bookbuilding process, writes Reuters. Morgan Stanley is acting as bookrunner on the placement of the 8.9 million shares, traders said.
Jonas Software, a subsidiary of Toronto-based Constellation Software Inc, has acquired Cash Registers (BUCCLEUCH) Ltd, a provider of online cashless catering solutions to the U.K. education market. Financial terms of the transaction were not disclosed. Jonas Software is part of Gary Jonas Computing Ltd, a provider of enterprise management software solutions. Constellation is a portfolio company of OMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System.