Chicago Shop Rolls Out Exits As It Eyes Fund X

Thoma Bravo LLC announced an agreement July 19 to sell Flexera Software, a company that provides software licensing services, in a deal that promises to generate a return of close to 5x, according to Orlando Bravo (pictured), a managing partner at the Chicago-based buyout shop, sister magazine Buyouts has reported. Flexera is the third exit announced […]

Ontario Teachers’ Pension Plan Ups Stake in Chilean Utilities

The Ontario Teachers’ Pension Plan is planning to increase its majority stakes in two Chilean water utilities: Essbio S.A. and Esval S.A., Reuters reported. The government is auctioning off its stakes in both utilities. Following the auction, the government will hold 5% of each. Teachers’ currently owns about 51.1% of Essbio and 69.8% of Esval, Reuters wrote.

INC Research To Buy Kendle International in $232 Mln Deal

INC Research, which is backed by Avista Capital Partners and Ontario Teachers’ Pension, has agreed to buy Kendle International in a deal valued at about $232 million. JP Morgan Securities advised Kendle while Morgan Stanley served as financial advisor to INC Research.

Reuters: GNC IPO Raises $360M, Trades Up at Market Open UPDATED

NEW YORK, March 31 – GNC Holdings Inc, a U.S. retailer of wellness and nutrition products, raised $360 million in its third attempt at an IPO on Thursday, a market source said. GNC and its stockholders sold 22.5 million shares for $16 each, the source said. They had planned to sell the stock for $15 […]

Ontario Teachers’ Invests $75M in BluEarth Renewables

Ontario Teachers’ Pension Plan has committed up to $75 million in equity to fund BluEarth Renewables, which focuses on acquiring, developing, constructing and operating hydro, wind and solar power projects in North America. Calgary-based BluEarth has now raised more than $160 million from ARC Financial Corp., Teachers’, management and other investors.

China’s Bright Food Group Close to GNC Deal

China’s Bright Foods Group Co. is close to a $2.5 billion to $3 billion deal to buy vitamin chain GNC Holdings, Reuters reported. Pittsburgh-based GNC Holdings is owned by Ares Management and the Ontario Teachers’ Pension Plan Board. Ares and the pension plan bought GNC in 2007 from private equity firm Apollo Management in a deal with a total enterprise value of $1.65 billion.

Canadian Pension Funds Pay $3.4B for British High-Speed Rail

A consortium of Canadian pension funds, including the Ontario Teachers’ Pension Plan and Ontario Municipal Employees Retirement System, will pay $2.1 billion pounds ($3.4 billion) to operate Britain’s only high-speed railway, Reuters reported. The deal – by which the consortium will operate the line, called High Speed 1, for 30 years – represents Britain’s recent efforts to cut the national debt, Reuters said. The High Speed 1 route links St Pancras station in north London to the Channel Tunnel, and became fully operational in November 2007.

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget