Louisiana LNG Energy has received undisclosed funding from ArcLight Capital Partners. According to the firm, the capital will be used for LLNGE's mid-scale LNG export terminal currently under development in Louisiana along the Mississippi River. Sea Port Group Securities and Galway Capital served as lead financial advisor and financial advisor, respectively, to LLNGE on the transaction.
Private equity firm Clayton Dubilier & Rice is in advanced talks to buy Germany-based packaging group Mauser from Dubai International Capital (DIC) for around 1.2 billion euros ($1.7 billion), sources told Reuters on Thursday.
Zayo Group LLC has picked investment banks Barclays Plc and Morgan Stanley to lead an initial public offering of the fiber network company later this year, sources told Reuters.
German automotive and industrial supplier Stabilus is planning to sell shares worth up to 292 million euros ($401 million) in its market debut on May 23, offering its shares in a price range of 19 to 25 euros, Reuters reported.
Permira has sold its holdings in All3Media, a producer and distributor of TV programming, to Discovery Communications and Liberty Global. The sale has generated a 1.6x return for Permira on its investment. Discovery and Liberty, which are forming a joint venture to make the acquisition, will pay £550 million ($930 million) for the company.
CPS Products Canada Ltd, a division of CPS Products Inc, has purchased UView Ultraviolet Systems Inc, a Mississauga, Ontario-based manufacturer of tools and equipment for professional automotive technicians. The financial details of the transaction were not released. UView's primary business lines, UView, MotorVac and TerraClean, will continue to operate independently, CPS said. Based in Hialeah, Florida, CPS is a manufacturer of tools, equipment and instruments and is a portfolio company of U.S. private equity firm Harbour Group. Harbour bought the company in November 2012.
Legacy Oil + Gas Inc (TSX: LEG) has agreed to buy Highrock Energy Ltd, a Calgary-based company engaged in light oil-focused projects in Saskatchewan. Under the terms of the agreement, Legacy will issue approximately 18.9 million common shares to Highrock's shareholders and assume the company's net debt of about $33.8 million. Holders of more than 50% of Highrock's shares have agreed to vote in favour of the deal, which is expected to close in June. Highrock received an investment in 2012 from Canadian private equity firm PFM Capital, while Legacy in the same year obtained funding from CPPIB Credit Investments.
Bellus Health Inc and private equity firm Auven Therapeutics have engaged a financial adviser to explore the sale of KIACTA, an orphan drug nearing completion of its Phase III trial as a treatment for AA amyloidosis. Auven acquired the worldwide rights to KIACTA from the Laval, Québec-based Bellus Health in 2010. Operating from the British Virgin Islands, Auven invests in the healthcare industry. The firm said it had received indications of strong interest from prospective buyers of KIACTA. Bellus Health is a drug development company focused on rare diseases.
TriOil Resources Ltd, a Canadian energy company owned by PKN Orlen SA, has agreed to buy Calgary's Birchill Exploration LP, which operates oil and gas fields in the Ferrier-Strachan area of Alberta. The seller is Bregal Investments, the private equity investment arm of European holding company COFRA Holding AG. Financial terms were not disclosed. PKN Orlen said the Birchill acquisition is consistent with its upstream development strategy of diversifying the company's global assets. The Calgary-based TriOil was acquired by PKN Orlen, a Polish petroleum and petrochemical business, in November 2013.
Viper Energy Partners LP, an affiliate of oil and gas company Diamondback Energy Inc, filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of common stock.