Montréal-based specialty menswear brand Samuelsohn has completed its previously announced purchase of the clothing assets, license and Rochester, New York manufacturing facilities of Hickey Freeman. The seller in the undisclosed transaction was W Diamond Group. As part of the deal, Samuelsohn, a portfolio company of Canadian private equity firm Grano Retail Investments, will enter into a 40-year licensing agreement with Hickey Freeman brand owner Authentic Brands Group, a portfolio company of U.S. private equity firm Leonard Green & Partners and Knight's Bridge Capital Partners.
Activist investor Daniel Loeb's Third Point LLC said it took a stake in Nokia Oyj late in the third quarter ended Sept. 30, Reuters reported.
Goldman Sachs has sold most of its stake in Rothesay Life, a UK insurer founded and run by one of its former partners, freeing up capital to meet stricter regulatory requirements, Reuters reported.
Resilience Capital Partners has acquired the assets of Avionics International Supply. Headquartered in Denton, AIS is a wholesale distribution and repair services company, serving customers worldwide and has been in business since 1984.
Water Street Healthcare Partners has sold its anatomic pathology company, PLUS Diagnostics to Miraca Life Sciences. Water Street acquired PLUS in 2006 when it was a regional laboratory.
Private equity firm Actis has invested $48 million in Indian pharmaceuticals company Symbiotec Pharmalab for a significant stake, writes Reuters. Symbiotec is a specialist producer of steroid-hormone active pharmaceutical ingredients and has over 200 customers, including large multinationals as well as generic pharmaceutical companies.
UK-based Travel Entertainment Group Equity Limited, a provider of entertainment solutions to the airline and cruise ship industries, has been sold to Global Eagle Entertainment Inc in the US. Harris Williams & Co acted as the exclusive financial advisor to TEG, a portfolio company of GCP Capital Partners.
First Reserve is to acquire TNT Crane & Rigging from Odyssey Investment Partners. TNT is a provider of lifting services and equipment to customers in the North American energy and industrial infrastructure end markets. Financial terms of the transaction were not disclosed.
Monroe Capital has backed a $14 million senior secured credit facility to help enable growth of a technology services company by private equity sponsors, Olympic Valley Capital and Boathouse Capital. The company provides IT support services to growing small and medium-sized businesses specializing in serving enterprises with 50 to 1,000 employees.
Sentinel Capital Partners, which just completed fundraising for its fifth pool, has put Engineered Controls International up for sale, three sources told sister publication peHUB.