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.
The sale of Captain D's Seafood Restaurant is expected to generate an IRR of 100% for Sun Capital Partners, a source tells peHUB.
BlackBerry Ltd is "very much alive, thank you," Interim Chief Executive John Chen affirmed in an open letter on Monday in which the smartphone maker committed itself to rebuilding as a niche player concentrating on the enterprise market, reports Reuters. Chen took over as CEO a month ago after BlackBerry abandoned a plan to sell itself. Rather than sell itself, BlackBerry said early last month it would raise $1 billion in a convertible notes offering led by Fairfax Financial Holdings Ltd, its largest shareholder.
Crestview Partners, out marketing its latest fund, is doing its first retail deal and acquiring NYDJ Apparel, whose products include Not Your Daughter's Jeans.
Calgary-based telecommunications company WiMacTel Inc has secured an undisclosed investment from subordinated debt and mezzanine financing provider First West Capital. WiMacTel, which supplies operator services, directory assistance, long distance, wireless/VoIP dial tone and payphone services to a range of clients in Canada and the United States, will use the funding to accelerate its business goals. Vancouver-based First West Capital is the $100 million investment arm of First West Credit Union.