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.
Canadian telecommunications startup Public Mobile said on Thursday that it was acquired by venture capital firm Thomvest Seed Capital and private equity firm Cartesian Capital, a deal that points to active interest in new entrants to the sector, reports Reuters.
Blackford Capital, a private equity firm based in Grand Rapids, Michigan, has acquired Mopec, a full-service maker of pathology and mortuary equipment based in Detroit. Terms of the deal were not disclosed.
The Weather Company plans to pay a $600 million dividend to shareholders, including Bain and Blackstone.
Trunity Holdings said on Thursday that it has completed a private placement of $3.575 million. The strategic financing was led by Pan-African Investment Company, LLC, a New York City-based private investment firm. Also, Pan-African Investment Company's CEO Dana Reed will join Trunity's board of directors. AGCM acted as the exclusive placement agent for the offering, while Mitchell Baruchowitz, who heads private capital for ACGM, was lead banker for the transaction. Based in Newburyport, Mass., Trunity Holdings is the producer of the Trunity eLearning Platform, which provides learning solutions for schools, corporate enterprises and government agencies.
Bermuda-based catastrophe reinsurer Arden Holdings Ltd. has agreed to sell its remaining subsidiaries, Atrium Underwriting Group Ltd. and Arden Reinsurance Company Ltd. to Enstar Group Ltd. Atrium will be acquired for approximately $183 million while Arden Reinsurance will be acquired for approximately $79.6 million. Both transactions are expected to close by the end of 2013. Among Arden's early investors were The Blackstone Group, Texas Pacific Group, Thomas H. Lee Partners, Oak Hill Capital Partners, Olympus Partners, Bain Capital, SAB Capital and Eton Park Capital Management.