Tokyo and New York-based private equity firm Wakabayashi Fund has agreed to provide funding to MIT Holding. No financial terms were disclosed. MIT is a wholesale distributor of pharmaceuticals.
EquityMetrix, a tech-enabled service provider of big data solutions for the oil and gas industry, has received a $5 million growth investment from Peterson Partners. The funding will help the firm develop new services to help manage oil and gas operating companies, among other things.
The Riverside Company has expanded its Paradigm Tax Group platform with two acquisitions in key markets. The new acquisitions are AVS Tax and Hart Property Consultants.
Maxcess International Corporation, a provider of automation instrumentation solutions and systems utilized in complex continuous web-fed converting lines has been sold to Bertram Capital. Harris Williams & Co. acted as the exclusive financial advisor to Maxcess, a portfolio company of Merifin Capital and Windjammer Capital Investors.
Suja Juice has received a minority growth capital investment from consumer-focused private equity fund Alliance Consumer Growth. ACG joins existing investor Boulder Brands Investment Group, which previously made a minority investment in Suja in 2013.
LeapFrog Investments has taken a stake in Petra Trust. The business is a pension trustee company based in Ghana.
Chinese private equity firm Hony Capital is examining a bid for Britain's United Biscuits Holdings Ltd and may be teaming up with a corporate buyer, Bloomberg reported, writes Reuters. Beijing-based Hony Capital, which manages more than $6.8 billion, has held informal talks with United Biscuits owners' Blackstone Group and PAI Partners.
Steve Yuzpe, president and CEO of Sprott Resource Corp (TSX: SCP), said he sees "exceptional investment opportunities" in resource sectors in the upcoming year, in part due to a roughly 65% decline in valuations since 2011. For this reason, the private equity firm plans to this year accelerate new capital deployment through increased investment activity and collaboration with the Sprott Group of Companies, and add expertise to its core investment team. Sprott Resource estimated it had a net asset value of up to $370 million at the end of last year. The firm also announced that in Dec. 2013 it committed $5 million for a royalty interest in a number of wells to be drilled by a Calgary-based company that explores, develops and produces oil and natural gas in northwestern Alberta.
European buyout house Motion Equity Partners has secured new funding from investor HarbourVest, giving the private equity group another four years to try to make money out of its portfolio, a source told Reuters.
Roch Capital has bought New Carbon Company from PNC Riverarch Capital. No financial terms were disclosed. Headquartered in South Bend, Indiana, New Carbon is a provider of waffle mix to foodservice establishments.