Canadian financial services firm Sun Life Financial has advanced its second of two long-term senior loans totaling $160 million to Enwave Energy Corp., a Toronto-based provider of cooling and heating services, and a portfolio company of Brookfield Asset Management. The $75 million second tranche of the facility was provided in July. This funding follows the first tranche of $85 million which was advanced in 2010. Brookfield bought Enwave from Borealis Infrastructure, the infrastructure investment arm of OMERS, and the City of Toronto for $480 million in October 2012.
H2 Equity Partners has acquired Eurocell Ltd. No financial terms were disclosed. Based in the UK, Eurocell is a producer and provider of PVC-u profiles and roofline products.
Belgian chemicals manufacturer Tessenderlo Group said on Thursday it had sold its British profiles activities to private investment firm H2 Equity Partners, completing the sale of all its profiles businesses, Reuters reported.
Edmonton, Alberta-based NC Services Group Ltd. (NCSG), a crane and heavy haul company, has agreed to acquire all of the shares of S.S. Pevach Ventures Ltd., which operates as Scorpion Industries, a supplier of boom truck and oilfield services in Western Canada. Financial terms of the deal were not published. NCSG, formerly known as Northern Crane Services, was purchased in 2006 by U.S. private equity firm NCA Partners for $60 million. Since that time, the company reports having done six acquisitions.
Computer maker Dell said Thursday that, based on a preliminary vote tally, its stockholders have approved a proposal in which Michael Dell, the company's founder, chairman and CEO and Silver Lake Partners, will acquire the company for approximately $24.9 billion. In connection with the deal, Dell stockholders will receive $13.75 in cash for each share of common stock they hold. The transaction is expected to close before the third quarter of 2014. The company will remain headquartered in Round Rock, Texas.
Bridgepoint has sold Terveystalo, a Finnish private healthcare provider that it has owned since 2009. The business has been sold to EQT VI for an undisclosed sum.
Private-equity firms KKR & Co LP and Sycamore Partners are considering a joint bid for Jones Group, the fashion and footwear company that owns retail chains Nine West and Jones New York, the Wall Street Journal reported, citing people familiar with the matter.
Xand, which is backed by ABRY Partners, said it increased its debt financing to over $200 million. Xand said it amended its existing financing arrangements with a consortium of banks, arranged by TD Securities and GE Capital Markets. Hawthorne, N.Y.-based Xand provides data center, cloud and managed services
Private equity investor 3i has offered to buy the shares in Scandlines it does not already own, after an attempt to find a buyer for the ferry group failed earlier this summer, writes Reuters. 3i's bid for the 50 percent stake held by co-owner Allianz Capital Partners (ACP) values Scandlines at more than the 1.3 billion euros ($1.7 billion) that buyout group TPG offered for the whole company, writes Reuters.
British greetings card retailer Card Factory is seeking to raise 165 million pounds ($259.41 million) to pay a dividend to private equity owner Charterhouse instead of a stock market flotation or sale, writes Reuters. Charterhouse acquired Card Factory in 2010 backed with 185 million pounds of leveraged loans, writes Reuters.