Enumeral has raised $21.5 million in a private placement. According to terms of the transaction, the company sold 21.5 million shares at a price of $1 per share. Montrose Capital Partners led the financing with participation from founding investor Harris & Harris Group. Intuitive Venture Partners served as exclusive financial advisor while EDI Financial was the lead placement agent. Based in Cambridge, Mass., Enumeral develops antibody immunotherapies that help the immune system attack diseased cells. The company just completed a merger between Enumeral Biomedical Corp and a unit of Enumeral Biomedical Holdings (formerly known as Cerulean Group).
Canadian private equity firm Onex said Monday that it has closed its sale of The Warranty Group to TPG Capital for about $1.5 billion. Headquartered in Chicago, TWG is a a provider of extended warranty contracts.
SFW Capital Partners has completed the sale of MD Buyline, which provides healthcare analytics, to TractManager, a portfolio company of Arsenal Capital Partners. SFW Capital acquired MD Buyline, based in Dallas, in 2011.
RoundTable Healthcare Partners has sold medical device maker Vesta Funding Inc. to The Lubrizol Corporation. Terms of the deal were not disclosed. RoundTable invested in Vesta through its $500 million Fund II that closed in 2005.
Sun Capital Partners has completed the sale of Emerald Performance Materials, a specialty chemical maker. The firm sold Emerald Performance to American Securities. Terms of the deal were not disclosed.
Peet's Coffee & Tea, Inc., in partnership with Next World Group, has acquired Mighty Leaf Tea. Mighty Leaf will continue to operate independently. Next World Group will hold a minority stake in the partnership.
The Abraaj Group has sold its investment in Fibrex, which makes plastic pipe products used in construction. Abraaj first invested in Fibrex in 2007.
Genstar Capital-backed Tecomet Inc. has agreed to buy a high precision surgical instrument making unit out of Symmetry Medical Inc. for $450 million. The business unit, OEM Solutions, has more than 450 customers, nearly 2,300 employees and 13 facilities in the U.S., U.K., Ireland, France and Malaysia. The deal is expected to close in the fourth quarter.
Entertainment One Ltd (LSE: ETO) has closed its previously announced acquisition of Paperny Entertainment Inc, a producer of factual television programming based in Vancouver. The deal, whose financial terms were not disclosed, has been estimated to value $29.2 million. With headquarters in Toronto, Entertainment One acquires, produces and distributes film and televison content. It has been backed by U.K. private equity firm Marwyn Investment Management since 2007.
McInnis Cement, a company formed following the Beaudier Group’s acquisition of Cimbec in 2011, has completed financing for the construction of the Port-Daniel-Gascons cement plant in Québec's Gaspé region. The financing package, totaling $1.1 billion, features $500 million from private and public investors, including a $100 million equity investment by the Caisse de dépôt et placement du Québec alongside Beaudier. The new project will use up to 40 percent less fuel per ton of cement than conventional cement plants, reducing emissions of greenhouse gas, the company said. McInnis Cement is based in Brossard, Québec.