OMERS Private Equity, the private equity investment arm of the OMERS pension plan, in equal partnership with Alberta Investment Management Corporation is to acquire Vue Entertainment from Doughty Hanson and management. Vue is an operator of modern multiplex cinemas in the United Kingdom, Ireland, Germany, Denmark, Portugal, Poland, Latvia, Lithuania and Taiwan. The transaction is expected to close by late July 2013.
Pan-European mid-market private equity firm Agilitas has made its maiden investment with the management buyout of ISS Damage Control from ISS Group. The consideration for the acquisition is not being disclosed. ISS DC was established in 1983 and provides 24/7 damage control, rebuilding and emergency response services for fire and flood damage in Scandinavian commercial, industrial and residential properties.
Olympus Partners has acquired Par-Pak Ltd. Financial terms weren't announced. Covington, Ky.-based Par-Pak makes and markets upscale foodservice tableware. Barclays, RBC Capital Markets, GE Capital and Goldman Sachs provided financing. The Olympus team included Manu Bettegowda, Mike Horgan, Pete Tedesco and Griffin Barstis. News of the Par-Pak sale was reported by peHUB last month.
Oakville, Ontario-based BENEV Capital Inc. (BCI), a provider of solutions for the treatment of contaminated soil, has sold its Saint Ambroise, Québec-based waste treatment plant and related assets to a company controlled by the plant's current manager Jean-Francois Landry for up to $10 million. The transaction was approved by BCI shareholders in May. BCI is a portfolio company of Canadian private equity firm Second City Capital Partners.
British water company Severn Trent PLC has rejected a second approach by LongRiver Partners, according to a statement from Severn's board of directors. LongRiver is a consortium comprised of Borealis Infrastructure Management, the infrastructure investment arm of Ontario Municipal Employees Retirement System, Kuwait Investment Office and U.K.-based Universities Superannuation Scheme. The latest bid valued Severn at about £5 billion, or US$7.6 billion, up from the previous US$7.2 billion valuation in May, according to Reuters. The board said the new offer failed to reflect Severn's long-term value and potential.
Longueil, Québec-based Mediagrif Interactive Technologies Inc., a publicly-traded provider of e-commerce solutions to businesses, has agreed to buy online recruitment platform Jobboom and dating site Réseau Contact from Quebecor Media Inc. for $65 million. The Jobboom acquisition will occur in June, while the Réseau Contact acquisition is likely to take place in October. Mediagrif is a portfolio company of the Fonds de solidarité des travailleurs du Québec FTQ.
Blainville, Québec-based Les Brasseurs du Nord Inc., a micro-brewery that produces Boréale beer, has been acquired by Canadian private equity firm Fonds de solidarité des travailleurs du Québec FTQ. The financial details of the majority transaction, which is intended to address succession issues, were not disclosed. PeHUB Canada has learned that Fonds FTQ introduced the company's new top executive, Jacques Sirois, as well as the company's new board chair, Daniel Tremblay.
Calgary-based BluEarth Renewables Inc., a renewable power producer, has agreed to purchase four utility-scale solar power plants valued at over $225 million from Canadian Solar Inc. The plants, which are located in Kawartha Lakes, Belleville, Beaverton and Napanee, Ontario, are expected to be constructed this year and to become operational in 2014. BlueEarth has been a portfolio company of Canadian private equity firms ARC Financial Corp., Teachers’ Private Capital and other investors since its founding via a $160 million deal in 2010.
Great Point Partners has made a $10 million investment in iVantage Health Analytics. iVantage provides health care informatics and business analytics solutions.
Actis said Friday it committed US$290 million for a 60% stake in Aela Energía. Mainstream Renewable Power, the global wind and solar developer, will own 40% of the asset. The total value of the project is US$1.4 billion including debt, Actis said. Aela Energía is a renewable energy development set that looks to become Chile’s largest wind and solar energy provider.