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Fundraising
Prometheus Group, which is backed by Genstar Capital, has acquired UK-based Engica, a provider of maintenance and safety management software. No financial terms were disclosed.
H.I.G. Capital has agreed to acquire Meyra and Alu Rehab. No financial terms were disclosed. The deal is expected to close by the end of this year. Meyra is a provider of e-powered wheelchairs, rehabilitation equipment and orthopedics while Alu Rehab is a maker of comfort wheelchairs.
Inmar, a data-driven technology-enabled services company, has acquired Boston-based ownerIQ, a media technology company. No financial terms were disclosed. JEGI advised ownerIQ on the deal. Inmar is a portfolio company of OMERS.
Montreal-based Lightspeed POS Inc, a point of sale platform, has agreed to acquire Kounta Holdings Pty Ltd, an Australian cloud-based POS solutions provider to small and medium-sized businesses operating within the hospitality industry. According to terms of the deal, Lightspeed will acquire Kounta for about US$35.3 million. Earlier this year, Lightspeed POS went public on the Toronto Stock Exchange. Its pre-IPO backers included Caisse de dépôt et placement du Québec, Inovia Capital and Investissement Québec.
Pine Tree Equity has recapitalized Milton, New Hampshire-based Shortridge Academy Ltd, a therapeutic boarding school. No financial terms were disclosed.
Plano, Texas-based Aligned Energy, a data center provider for cloud, enterprise and managed service providers, has secured a US$495 million credit facility. The investors included Goldman Sachs Bank USA, CPPIB Credit Investments Inc, a subsidiary of the Canada Pension Plan Investment Board, and an unidentified investment management corporation. Dechert LLP served as legal counsel to Goldman Sachs USA; Arnold & Porter represented CPPIB Credit on the financial transaction while Cooley LLP represented Aligned Energy. The capital will be used for growth and expansion.
Periscope Equity has made an investment in Centennial, Colorado-based Mobile Solutions, a provider of managed mobility services. No financial terms were disclosed. D.A. Davidson was financial adviser to Mobile Solutions on the transaction.
Platinum Equity has agreed to acquire Cision Ltd for $10 per share or about $2.74 billion in cash. Rothschild & Co is serving as lead financial adviser to Cision with Centerview Partners LLC and Deutsche Bank Securities Inc also providing financial advice. The deal is expected to close in the first quarter of next year. Cision is a provider of software and services to PR and marketing communications professionals.
Bow River has recapitalized Henderson, Nevada-based CHSI Technologies, a cloud-based insurance platform provider. No financial terms were disclosed.
Mailgun, which is backed by Thoma Bravo, has acquired Paris-based Mailjet, a provider of email solutions. No financial terms were disclosed.