Salt Creek Capital has completed the acquisition of Ultra Solutions. Located in Ontario, California, Ultra is a provider of high-quality, pre-owned ultrasound equipment in the industry.
UK-based pharmaceutical manufacturer Aesica has announced the creation of a new high capacity manufacturing facility following an investment at its Queenborough, Kent site. The company is backed by Silverfleet Capital.
Investec Growth & Acquisition Finance has provided financing to Lomond Capital, a regional residential letting and property management group. The senior and subordinated financing package will assist Lomond as it continues its buy & build strategy, acquiring residential lettings and property management businesses in attractive regional markets.
Canadian private equity firm Onex Corp (OCX.TO) is preparing to sell The Warranty Group, a provider of extended warranty contracts, which is expected to fetch more than US$1 billion, two people familiar with the matter told Reuters this week. Onex bought the company from insurance broker Aon Corporation in 2006 for US$710 million. Onex put around US$510 million of equity into the deal, which also saw the Warranty Group's management participate with a substantial investment.
Investcorp, an alternative investments provider, said Wednesday that it has sold its remaining stake in Fleetmatics. No financial terms were disclosed. Fleetmatics is a global provider of fleet management solutions for small and mid-sized businesses.
Hedge fund Jana Partners LLC disclosed in a regulatory filing on Tuesday that it had acquired a 6.2 percent stake in grocery chain Safeway Inc (SWY.N), Reuters reported.
Samsung Renewable Energy Inc. and Pattern Energy Group LP have completed the financing for the 150 megawatt Grand Renewable Wind Project in Haldimand County, Ontario. Utilizing wind turbine blades and towers, the project will produce clean energy equal to the needs of approximately 50,000 Ontario homes each year. Construction is scheduled to be completed in the fall of 2014. Pattern Energy, which was formed in 2009, is backed by U.S. private equity firm Riverstone Holdings.
Denver, Colorado-based gold producer Newmont Mining Corp. (NYSE:NEM), has agreed to sell the company's Midas underground mine operation in Nevada to Canadian private equity firm Waterton Global Resource Management. The financial terms of the transaction were not published. The Toronto-based Waterton, which was recently reported by peHUB as having already raised US$300 million for its second US$750 million mining and metals fund, bought Nevada's Hollister gold mine and the Esmeralda Mill from Great Basin Gold Ltd. in June.
U.S. private equity firm Element Partners, a provider of growth capital to industrial technology companies, has made an undisclosed investment in Haywood Gordon Ltd., a designer, manufacturer and distributor of mixers, pumps, and engineered systems for challenging fluid handling applications. The Toronto-based Haywood Gordon, which was founded in 1952, will serve as a platform company for further acquisitions of pump and mixer manufacturers focused on abrasive applications.
U.S. mid-market private equity firm Hammond Kennedy Whitney & Co. (HKW) has closed on a recapitalization of Specialized Tech Inc. With headquarters in Calgary, Specialized Tech provides high pressure sand recovery services to the oil and gas industry. The company was founded in 2001. In December 2012, HKW also completed a recapitalization transaction involving Brantford, Ont.-based Brant Screen Craft Inc., a specialist in the printing of commercial signs and displays.