Pinetree Capital, a Toronto-based private equity firm specializing in investments in natural resource sectors, has acquired securities of Wolfpack Gold Corp., a company which advances underground gold projects towards production in the western United States. The transaction occurred via a reverse take-over by the company of Tigris Uranium Corp. As a result, Pinetree holds approximately 12.2% of all of the Vancouver-based Wolfpack's issued and outstanding common shares.
Audax Group said Tuesday it completed the recap of Chesapeake Research Review, which does business as Chesapeake IRB. Financial terms weren't announced. Columbia, Md.-based Chesapeake provides independent institutional review board services to pharmaceutical, biotech and medical device companies, universities, academic medical centers, and hospital systems. Madison Capital Funding provided financing for the deal.
Twin Rivers Paper Company Inc., a specialty paper manufacturer with mill operations in Madawaska, Maine, and Edmundston, New Brunswick, and a lumber sawmill in Plaster Rock, New Brunswick, is to be bought for an undisclosed amount by U.S. buyout firm Blue Wolf Capital Partners and Atlas Holdings. The seller of the company, which emerged from a bankruptcy in 2010, was Brookfield Asset Management. The majority interest deal is expected to be closed in a few weeks.
Peak Rock Capital has acquired Atlas Paper Mills. Financial terms weren't announced. Miami-based Atlas makes tissue paper.
Blue Wolf Capital Partners and Atlas Holdings said on Tuesday that they have reached an agreement to acquire Twin Rivers Paper Company from Brookfield Asset Management. No financial terms were disclosed. Twin Rivers is a specialty paper company with facilities in Madawaska, Maine, and Edmundston and Plaster Rock, New Brunswick.
Morgan Creek Capital Management said on Tuesday that it will buy Signet Capital Management's Alternative Funds business. No financial terms were disclosed. Under current management, Signet's Alternative Funds has approximately $700 million in assets. As part of the acquisition, the senior management team at Signet, which include Founder Robert Marquardt, and CEO Dr. Serge Umansky, will join Morgan Creek and continue their current roles. Signet Capital Management Ltd. is a European institutional fixed income investment firm.
Graycliff Partners said on Tuesday that Iron Mountain, an information management and storage provider, has bought Information Storage Consolidation Company (ISCC). No financial terms were disclosed. Information Storage Consolidation is a records storage company with facilities in Texas, Michigan and Florida. Prior to Iron Mountain's acquisition, Graycliff had a majority stake in ISCC.
KPS said Monday it has agreed to buy the specialty paper business of Wausau Paper Corp. The PE firm is also buying the specialty paper business of Packaging Dynamics Corp., which is known as Thilmany. The acquisitions are expected to close in second or third quarter. Goldman Sachs & Co. and GE Capital Markets are acting as lead arrangers for debt financing.
The Novo Group has acquired Xellia Pharmaceuticals for about $700 million. The sellers are 3i and other Xellia shareholders. Xellia, of Oslo, Norway, is a specialty pharmaceutical company focused on anti-infective products.
Seven West Media Ltd, owner of Australia's top-rated free-to-air television network, said on Tuesday that its major shareholder private equity firm KKR & Co had sold its entire A$260 million stake in the company, Reuters is reporting.