Mining company Mason Graphite Inc (TSX-V: LLG), which recently secured an investment from Ressources Québec, a subsidiary of Investissement Québec, has agreed to receive an additional $4.15 million in convertible debenture financing from Québec-based private equity funds. Sodémex Développement, an affiliate of the Caisse de dépot et placement du Québec, the Fonds de solidarité des travailleurs du Québec (FTQ) and the Fonds regional de solidarité FTQ Côte-Nord each will contribute to the deal. Net proceeds from all funding sources will be used by the Montréal-based company for continued development of its Lac Guéret graphite property in Québec and for other purposes.
Franchise Services of North America Inc (TSX-V: FSN) has announced that Canadian private equity firm Catalyst Capital Group has been named the prevailing purchaser in an auction of assets held by Advantage Rent A Car in the Simply Wheelz LLC insolvency proceedings. Catalyst has confirmed that it will assume 41 U.S. airport concession agreements used in the business. Pursuant to the agreement approved by court authorities, the consideration will be a credit bid of US$46 million against the debtor-in-possession facility provided by Catalyst to Simply Wheelz, plus the assumption of certain liabilities. Franchise Services bought Advantage-Simply Wheelz from Hertz Global Holdings Inc in 2012.
Siris Capital Group has closed its buy of Stratus Technologies for approximately $352 million. Jefferies served as financial advisor to Stratus on the transaction while Macquarie Capital was the M&A advisor. Headquartered in Maynard, Mass., Stratus Technologies is a provider of infrastructure solutions that keep applications running continuously.
Private equity firm CVC has finalized a deal to buy 29.99 percent of Spain's Deoleo - the world's biggest bottled olive oil company - followed by a full takeover bid at 0.38 euro per share, Deoleo said in a statement on Friday.
Alignment Healthcare said Monday that it has raised $125 million in funding from General Atlantic. According to the firm, the capital will be used for expansion and to strengthen its service platforms. Based in Irvine, Calif., Alignment Healthcare is a provider of population health management solutions.
Private equity group Arle Capital said on Monday it had agreed to acquire Innovia Group, a British maker of materials to be used in England's new five and ten pound notes, for an enterprise value of 498 million euros ($689.11 million).
RLJ Equity Partners' portfolio company Naylor has acquired Boxwood Technology, which provides online career centers and services. RLJ acquired outsourced business and communications services company Naylor in December.
Quad-C Management has sold portfolio company Technimark to Pritzker Group Private Capital. Financial terms were not disclosed. Technimark is a global manufacturer of custom rigid packaging solutions.
Graycliff Partners has backed Harper Love Adhesive Corporation. The company manufactures adhesive additives used to bond corrugated boxes. Headquartered in Charlotte, North Carolina, Harper Love was formed in 1978 as a joint venture of Harper Corporation of America and N.B.Love Industries, of Australia.
Actis has backed Jiashili Food Group for a significant minority stake. The business is a Chinese biscuit manufacturer.