Monomoy Capital Partners has sold Heat Transfer Products Group to Rheem Manufacturing Company. Terms of the deal were not disclosed. Monomoy acquired Heat Transfer Products in 2010 from Carrier Corporation.
Indigo Partners has closed its acquisition of Frontier Airlines from Republic Airways Holdings. Terms of the deal, which was first announced on October 1, 2013, are not being disclosed.
Black Swan Energy has completed a $150 million round of investment. Commitments come from its existing shareholders which include Warburg Pincus, Canada Pension Plan Investment Board and KERN Partners.
TA Associates is to acquire CMOSIS, a supplier of high performance standard and custom CMOS image sensors. The transaction is conditional on regulatory clearance and is expected to be completed by early 2014. Terms of the transaction were not disclosed.
Marlin Equity Partners has acquired Critical Path, a San Mateo, CA-based global provider of messaging, email security, corporate directory and other unified communications solutions. No financial terms were disclosed.
Dunedin has backed the management buyout of Kee Safety, a global supplier of safety solutions and products designed to protect people from hazards. Dunedin’s stake in the business was acquired from LDC.
Segulah IV has entered into an agreement to acquire Øglænd Industrier AS. Øglænd Industrier develops, manufactures and sells (under the brand name Øglænd System) multidiscipline support solutions, cable trays and cable ladders worldwide to the oil and gas, infrastructure, ship building, wind power, water treatment and clean room industries.
Palamon Capital Partners has agreed the sale of its majority stake in Cambridge Education Group to Bridgepoint. The sale will generate a return on investment for Palamon of 14.6 times and an IRR of 58 percent.
Investec Growth & Acquisition Finance has provided an integrated debt facility to support the growth strategy of the London-based garment designers and manufacturers, Carmel Clothing. As part of the financing arrangement, Investec has provided Carmel with revolving and amortising loan facilities, delivering working capital funding and support for future investment.
Black Swan Energy Ltd, a Calgary-based company focused on unconventional resource exploration and development, has secured an equity investment of $150 million, bring its total investment to date to over $500 million. The new funding was provided by existing investors Canada Pension Plan Investment Board, Canadian energy-focused private equity firm KERN Partners, and U.S.-based Warburg Pincus, which have all backed the company since 2011. The additional capital will be used to fund the appraisal and development of current properties in the Montney play in British Columbia and the Duvernay play in Alberta. The company's management team and directors include former senior managers of Talisman Energy Inc.