TalentWise said Tuesday it raised $25 million of growth capital. TalentWise did not name the investor but said it was a Seattle-based private equity investor group. Citi served as the sole placement agent to TalentWise, which provides a platform that aims to automate the hiring process.
Garda World Security Corp., a Montréal-based cash logistics and security solutions business, has commenced a private offering of US$50.0 million of additional senior notes due in 2017. Proceeds of the offering will be used to repay borrowings under the company's revolving credit facility and for general corporate purposes. Garda was taken private for $1.1 billion by British buyout firm Apax Partners and Stephan Cretier, the company's chairman and CEO, in November 2012.
The proposed acquisition of Mobilicity, a.k.a. Data & Audio-Visual Enterprises Wireless Inc., by TELUS Corp. has been officially terminated by the company, following a recent block of the deal by federal authorities. Mobilicity will now hold a meeting of its debt holders to vote on its previously announced recapitalization plan on June 25. The Toronto-based mobile service provider has been backed by U.S. private equity firm Quadrangle Capital Partners since 2008.
The undisclosed majority acquisition of Twin Rivers Paper Company Inc. by U.S. buyout firm Blue Wolf Capital Partners and Atlas Holdings has been completed. The company, a specialty paper manufacturer with facilities in Edmundston and Plaster Rock, New Brunswick and Madawaska, Maine, was previously owned by Brookfield Asset Management. Adam Blumenthal, managing partner of Blue Wolf, and Tim Fazio, managing partner of Atlas, have joined the company's board of directors.
A majority of shareholders of publicly-traded Softchoice Corp., a Toronto-based provider of IT solutions and services, have approved the take-private offer made by Canadian buyout firm Birch Hill Equity Partners. Under the terms of the agreement, Birch Hill will buy all of the company's common shares for $20 per share, representing a total value of $412 million. If court approval is obtained, and other conditions are satisfied or waived, the deal is expected to be closed on or about June 18, 2013.
Milestone Partners said on Tuesday that last month it completed its sale of Mariner Finance to an unidentified investment group. No financial terms were disclosed although the company did reveal that the transaction generated a return five times in excess of Milestone's invested capital. Stephens, Inc. and Janney Montgomery Scott LLC served as financial advisors for Milestone for the transaction. Based in Baltimore, Maryland, Mariner provides consumer loans in seven states from New York to Tennessee.
HGGC said on Tuesday that it has completed an investment in MyWebGrocer. No financial terms were disclosed. Also, as part of this transaction, the Stripes Group, a minority investor in MyWebGrocer, has sold its stake. The Jordan Edmiston Group served as financial advisor to both MyWebGrocer and Stripes Group. Based in Winooski, Vermont, MyWebGrocer is a provider of digital marketing solutions for grocery stores and consumer packaged goods companies.
ACON Latin America Opportunities Fund, a private equity investment fund managed by ACON Investments, L.L.C, said today that it has exited from its investment in InverCap Holdings. No financial terms were disclosed. InverCap Holdings owns the largest independent pension fund manager in Mexico.
Monroe Capital said Tuesday it provided a $35 million unitranche credit facility to support the growth of Accutest Laboratories by Bolder Capital. Dayton, N.J.-based Accutest provides environmental testing services.
Bank Street Group served as joint lead arranger for a $135 million senior secured financing closed by Alpheus Communications. The financing comprised a $110 million term loan, $15 million underwritten delayed draw term loan and $10 million revolving credit facility. The financing solution also affords up to an additional $40 million under certain conditions with an accordion feature in order to accommodate future organic or strategic growth initiatives by Alpheus.