More than seven years after buying Burlington Stores, Bain Capital stands to more than quadruple its investment in the discount retailer, sister publication peHUB reported.
Essex Woodlands Health Ventures is out fundraising for its latest pool, sources told sister publication peHUB.
A report of a possible second expression of interest in BlackBerry Ltd reversed a stock price slide on Wednesday, after the struggling smartphone maker announced $400 million in pre-tax charges related to cuts announced last month. The Wall Street Journal, citing people familiar with the matter, said BlackBerry has attracted interest from firms including Cerberus Capital Management LP that specialize in distressed investing. Cerberus aims to sign a confidentiality agreement with BlackBerry that would allow it to access private financial information, but it might in the end not bid, the Journal quoted one of its sources as saying.
Canadian specialty finance company Difference Capital Financial (TSX VENTURE:DCF) has made a private investment in Wheels Group Inc (TSX VENTURE:WGI), a provider of North American provider of third party logistics and transportation services. Difference Capital has acquired 1,000,000 outstanding common shares and 1,000,000 outstanding Series 1A preference shares in the Mississauga, Ontario-based company.
U.S. private equity firm Ares Management and Ontario Teachers' Pension Plan have completed their previously announced acquisition of building supplies company CPG International Inc. The deal's value has been estimated at US$1.5 billion. The seller was U.S. private equity firm AEA Investors, which bought the Scranton, Penn.-based CPG in 2005. Immediately after the transaction closed, the company was renamed CPG International LLC.
LifeLabs Medical Laboratory Services Inc has completed its previously announced buy of CML HealthCare Inc (TSX:CLC), a Mississauga, Ontario-based diagnostic lab and medical imaging provider, for $10.75 per share, or around $1.2 billion. This is LifeLabs second acquisition in 2013. In April, the Toronto-based company purchased B.C. Biomedical Laboratories Ltd of Vancouver. LifeLabs, formerly MDS Diagnostic Services, was acquired for $1.3 billion by Borealis Infrastructure, the investment arm of the Ontario Municipal Employees Retirement System, in 2007.
More than seven years after buying Burlington Stores, Bain Capital stands to more than quadruple its money in the discount retailer.
Bruckmann, Rosser, Sherrill and Palladin Consumer Retail Partners have teamed up and bought the InMotion Entertainment, Soundbalance and Headphone Hub-branded entertainment and electronics airport retail businesses from Project Horizon. The new businesses will now operate under the name of InMotion Entertainment Group. No financial terms were disclosed. Fifth Street Finance Corp. provided debt financing and co-invested in the equity in the transaction while Wells Fargo Securities served as exclusive financial advisor. Based in Jacksonville, Florida, InMotion Entertainment Group is an airport-based retailer of headphones, mobile device accessories and other consumer electronics.
Duet Health said Wednesday that it has received an undisclosed investment from Baird Capital. Based in Columbus, Ohio, Duet Health is a provider of mobile healthcare communications.
Bertram Capital, a private equity firm in Northern California, has acquired Rowmark. No financial terms were disclosed. Based in Findlay, Ohio, Rowmark is a maker of extruded plastic sheet for engraving and specialty applications.