Siemens AG (SIEGn.DE: Quote, Profile, Research, Stock Buzz) is in advanced talks to sell its water technologies unit to private equity group AEA Investors for about $800 million, sources told Reuters.
Thetford Mines, Québec-based Fournier Industries Inc has been acquired by Capital régional et coopératif Desjardins, a fund managed by Canadian private equity firm Desjardins Capital de risque, in partnership with members of the company's management team. The control-stake deal allows the company to consolidate its position across Québec, and focus on growth, optimization of services and the development of new products and markets. Founded in 1960, Fournier Industries specializes in the design, manufacture and installation of industrial equipment.
Sacramento, Calif.-based Greenleaf Power, an owner and operator of renewable energy power plants, has purchased the St-Félicien Cogénération Power Plant located in St-Félicien, Québec from Enel Green Power Canada Inc, a subsidiary of Italy's Enel. Financial details of the transaction were not published. The St-Félicien facility, which disposes of wood waste, has a net capacity of approximately 21 megawatts of electricity. Greenleaf Power is a portfolio company of U.S. energy-focused private equity firm Denham Capital.
Sun Capital Partners said Tuesday that it has inked an agreement to sell its stake in Captain D’s Seafood Restaurant to Centre Partners. No financial terms were disclosed. Headquartered in Nashville, Captain D's is a fish restaurant chain.
Mid Europa Partners said Tuesday that it has entered an agreement to sell its stake in SBB/Telemach Group to KKR. No financial terms were disclosed. Credit Suisse served as the exclusive financial advisor to Mid Europa in the transaction, which is expected to close by the first quarter of 2014. SBB is a Serbian pay TV and broadband internet provider.
JetPay Corp said Tuesday that it has closed $10 million in funding from Flexpoint Ford. The transaction was made on October 11, 2013. The $10 million funding is part of a previously announced agreement with Flexpoint in which the firm agreed to invest up to $40 million into JetPay. Based in Carrollton, Texas., JetPay Corp is a provider of payment solutions for businesses.
China-focused water treatment company SIIC Environment Holdings Ltd is raising S$260.2 million ($208.7 million) by selling new shares to investors including Chinese sovereign wealth fund CIC and private equity firm RRJ Capital, Reuters reported.
Emulex Corp has held talks with a few private equity firms, including Francisco Partners LP, Thoma Bravo LLC and Thomas H. Lee Partners LP about selling itself, but a deal remains uncertain for the struggling chip maker, sources told Reuters.
Dutch software group Unit4 said on Monday that it had been approached by private equity firms about a possible takeover at up to 35 euros per share, Reuters reported.
Carthage Specialty Paperboard and Climax Manufacturing Company have received $10.5 million in subordinated secured debt financing from Enhanced Small Business Investment Company. Based in New York, Carthage and Climax are makers of specialty paperboard. ESBIC is a unit of Enhanced Capital Partners.