TA Associates has completed a majority investment in Arxan Technologies, which provides software security solutions. Terms of the deal were not disclosed.
Bregal Sagemount has made a significant growth investment in Network Merchants. The deal was valued at nearly $200 million. Goldman Sachs Specialty Lending Group and TPG Specialty Lending provided additional financing. Network Merchants, of Roselle, Ill., is a provider of e-commerce payment gateways. FT Partners provided financial advice to Network Merchants.
Creditors of Energy Future Holdings will meet this week to discuss strategies for restructuring the fraught power giant, but they are still a long way from a deal, writes Reuters. The Texas utility has been trying to cut a deal with secured lenders before filing for bankruptcy, which it is expected to do before year's end as it faces $40 billion in debt and a looming Nov. 1 interest payment.
Washington, DC-based real estate investment firm Easterly Partners said Tuesday that it has acquired the National Maritime Center facility in Martinsburg, West Virginia. No financial terms were disclosed. The building is currently being occupied by the U.S. Coast Guard.
The previously announced sale of Toronto-based enterprise mobile healthcare platform Diversinet Corp. (TSX Venture: DIV, OTCQB: DVNTF) to IMS Health Inc. has been completed. Shareholders approved the sale of substantially all of the company's intellectual property, software, customer contracts and other assets for US.3.5 million on September 11. IMS Health, a Danbury, Conn.-based provider of healthcare data, services and technology, was acquired for US$5.9 billion by TPG Capital, Canada Pension Plan Investment Board and Leonard Green & Partners in 2010.
A handful of potential bidders, including private equity firms, are lining up to look at BlackBerry Ltd, but initial indications suggest that interest is tepid and buyers are eyeing parts of the Canadian smartphone maker rather than the whole company, several sources familiar with the situation said. Private equity firms are mostly interested in businesses such as BlackBerry's operating system and the patents around its keyboard, two of the sources said. However, one possibility is for a Canadian pension fund to team up with an investor to buy the whole company, which is currently worth a little more than $5 billion, one of the sources said.
Halifax, Nova Scotia-based DHX Media Ltd. (TSX: DHX) has bought Ragdoll Worldwide Ltd., the owner of Teletubbies and other programs, for $28.4 million. The seller in the transaction was BBC Worldwide and a group that includes Ragdoll's founder, Anne Wood. DHX Media, which is focused on television production and distribution, interactive content and entertainment licensing, became a portfolio investment of Canadian buyout firms Birch Hill Equity Partners and OMERS Private Equity when the company bought Cookie Jar Group for $111 million in 2012. Cookie Jar was backed by the two PE firms since 2004.
Calgary-based eye care specialist FYidoctors has acquired for an undisclosed sum the Canadian assets of Vision Source LP, which operates a network of optometrists. The deal, which is excepted to close in October, will see Vision Source transfer its 95 Canadian franchisees to FYidoctors, along with rights to its brand name in Canada. Located in Kingwood, Texas, Vision Source is a portfolio company of U.S. private equity firm Brazos Private Equity Partners. Brazos bought the company, previously a division of TLC Vision Corp., from Charlesbank Capital Partners and HIG Capital in 2011. Charlesbank and HIG acquired the Mississauga, Ont.-based TLC Vision in a turnaround deal in 2010.
Pickering, Ont.-based Medical Pharmacies Group Ltd. (MPGL) has agreed to acquire Desjardins Healthcare Group, a provider of specialty pharmacy services, medical supplies and equipment based in Ottawa. The financial terms of the deal, which is set to close on October 31, were not released. MPGL, a provider of pharmacy services to long-term care facilities and retirement homes, has been a portfolio company of Canadian mid-market buyout firm Callisto Capital since 2011. In 2012, MPGL purchased three B.C.-based pharmacies, Marks Pharmacy, Okanagan Resident Plus Pharmacy and Resident Plus Pharmacy in Surrey.
UK-based PROCAM has acquired its competitor Hammerhead TV. The announcement marks PROCAM’s first acquisition since the company's management buy-ut in May 2013. The strategic purchase was led by PROCAM’s group CEO, John Brennan and backed by private equity firm, Foresight Group.