A fund managed by Perella Weinberg Partners LP is looking to sell its rail car leasing business in North America, sources told Reuters this week.
Cloud Security Corp. said Friday that it has secured $2 million in funding from Kodiak Capital Group, an institutional investor. Under terms of the transaction, Cloud Security Corp. can sell up to $2 million of its stock to Kodiak for one year. According to Cloud Security, proceeds of the sale will be used for expansion and "general corporate purposes." Based in Newport Beach, Calif., Cloud Security Corp. is a provider of cloud computing solutions.
China's largest technology outsourcing company, Pactera Technology International Ltd, said it received a lower offer to be taken private by Blackstone Group LP and the company's management, Reuters reported.
Private equity firm Kohlberg Kravis Roberts & Co (KKR) (KKR.N: Quote, Profile, Research, Stock Buzz) has sold its 11 percent stake in Danish telecoms firm TDC (TDC.CO: Quote, Profile, Research, Stock Buzz) for $744 million, taking advantage of a recent surge in telecoms stocks to make a long-expected exit from the business, Reuters reported.
KKR & Co LP is considering teaming up with a state-backed Japanese investment fund to secure a stake in Panasonic Corp's healthcare business, media reported, although people familiar with the matter said the U.S. firm has not approached the fund yet.
Advent International is partnering with CDIB Capital to buy a "significant equity position" in International Coffee & Tea, LLC, which owns and operates The Coffee Bean & Tea Leaf. Financial terms weren't announced. Mirae Asset Private Equity and the Sassoon family, the Coffee Bean's largest existing shareholder, also participated. Los Angeles-based The Coffee Bean is a specialty coffee and tea retailer in the United States.
SK Capital has announced it is expected to close the acquisition of the textile chemicals, paper specialties and emulsions businesses from Clariant at the end of September. The name of the new company will be Archroma.
Michael Dell clinched shareholder approval on Thursday for his $25 billion offer to buy and take Dell Inc. private, ending months of conflict with the company's largest investors and removing the uncertainty surrounding the world's No. 3 PC maker, Reuters reported.
Calgary-based oil and gas company Bellatrix Exploration Ltd. (TSX, NYSE MKT: BXE) announced that energy investment firm Grafton Energy Co I Ltd. has increased its capital commitment by $100 million to a $244 million joint venture aimed at developing a portion of the company's undeveloped land holdings. This announcement follows an August agreement whereby Bellatrix will sell a 50% interest in producing assets in the Baptiste area of Alberta for $52.5 million to South Korea's Daewoo International Corp., a subsidiary of POSCO, and Devonian Natural Resources Private Equity Fund.
One Earth Farms Corp. announced this week that it has acquired Toronto-based Sweetpea Baby Food Ltd., a provider of frozen baby food and baby snacks, for an undisclosed sum. One Earth Farms, which is based in Saskatoon, Saskatchewan, is a subsidiary of Sprott Resource Corp., which has invested in the company in partnership with First Nations since 2009. The company has also been backed by CAPE Fund, a Canadian private equity firm focused on investing in aboriginal businesses and entrepreneurs.