Private equity firm RRJ Capital, founded by former Goldman Sachs dealmaker Richard Ong, has paid $350 million for a stake in waste-to-energy company China Everbright International Ltd, according to a Hong Kong stock exchange filing.
Prospect Capital Corporation has invested $144.5 million in four new deals encompassing 19 rent-producing multifamily residential properties totaling 5,652 rental units and 5.66 million rentable square feet. Prospect now has an aggregate investment of $288.3 million in 10 separate deals.
Maxim Partners has partnered with G.W. "Bill" Dietrich and William "Billy" Dietrich to form Bobcat Disposal Companies to acquire and integrate residential, commercial and industrial solid waste companies across the U.S. Bobcat will draw capital from Maxim, which is an environmental services focused firm that gets support from Falcon Investment Advisors.
Fulcrum Capital Partners has sold a majority interest in A&B Rail Services Ltd., a provider of rail maintenance, construction and related services, to a group of investors led by TorQuest Partners. Harris Williams & Co. acted as exclusive advisor to A&B Rail. The deal closed on Dec. 12.
Riverstone Holdings has invested up to $300 million in Eagle Energy Exploration, an investment that includes up to $200 million from Riverstone Global Energy and Power Fund V, and up to $100 million from Riverstone Energy Limited. Eagle will pursue oil and gas exploration and production opportunities in the mid-continent of the U.S.
WestView Capital Partners has recapitalized Apex Information Technologies, a provider of back-end billing solutions to healthcare providers. NXT Capital provided senior debt financing for the transaction.
Canadian pension fund manager the Caisse de dépôt et placement du Québec has invested an additional $4 million of equity in CAD Railway Industries Ltd, a manufacturing company servicing the rail, marine, mining, and power generation industries, with a particular focus on rolling-stock repair and refurbishment. The new funding will allow CAD Railway Industries to modernize its equipment and facilities, and diversify its services over the long term. The Caisse has been a backer of the company since 2011, when it made a $7 million investment as part of a management buyout transaction. CAD Railway Industries was founded in 1968 and is based in Lachine, Québec.
Canadian private equity firm Beedie Capital Partners has made an investment in Zafin Labs Technologies Ltd, a provider of relationship banking software solutions for the financial services industry. Beedie committed a total of $5 million in convertible debt and standby facilities to be used for the purposes of growth capital. Additional terms of the deal were not disclosed. Founded in 2002, Zafin operates out of multiple global locations, including North America, Europe, Middle East, Africa and Asia Pacific. The Vancouver-based Beedie provides growth financing solutions for small to mid-market companies across a wide variety of industry sectors.
State-controlled Finnish utility Fortum has agreed to sell its local power distribution grid to a consortium of institutional investors led by First State Investments and Borealis Infrastructure for 2.55 billion euros ($3.5 billion), reports Reuters. The deal is the latest in a series of regulated distribution network sales made by large energy firms wanting to cut debt and focus on their power generation businesses instead. First State, an asset management business owned by Commonwealth Bank of Australia, and Borealis Infrastructure, owned by Canadian pension fund OMERS, both have a 40 percent stake in the buying consortium called Suomi Power Networks.
The Canada Pension Plan Investment Board said on Thursday it has agreed to acquire the assets of Assiniboia Farmland, a fund that owns and manages a large portfolio of farmland in Saskatchewan, for about C$128 million, Reuters reported.