Klockner Pentaplast, rigid films and packaging solutions company has completed a refinancing. The company was acquired by a group of investors led by SVP Global in June 2012.
Victory Park Capital has announced a $25 million credit facility for Chicago-based AvantCredit, an online lending company offering loans between $1,000 and $10,000 to individuals. In addition to the credit facility, VPC also participated in AvantCredit's Series A equity round led by August Capital.
Ressources Appalaches Inc., a Rimouski, Québec-based company focused on the discovery and development of deposits of base and precious metals in Canada, has received a US$10 million loan financing from the New York-based Lascaux Resource Capital Partners. The loan will provide support to the company in refurbishing its Dufferin mine project in Nova Scotia, and in advancing the project to gold production.
Waddington North America, which is backed by Olympus Partners, is buying Par-Pak Ltd., according to a source and a report from Moody's Investors Service.
Bunker Hill Capital, a Boston-based private equity firm, has acquired Dyno Holdco, LLC, the exclusive licensee of the Singer brand for sewing accessories and a large producer and marketer of holiday decorative home products. Dyno, based in Pompano Beach, Fla., was previously owned by TG Capital Corp. Terms of the deal were not disclosed.
The Flexitallic Group, a manufacturer of static sealing products, including gaskets, for the global energy industry, has agreed to be acquired by Bridgepoint, a U.K.-based buyout firm focused on mid-market businesses. The €450 million transaction (or around US$590 million) is expected to close in July 2013. Flexitallic, which operates in Canada via the Edmonton, Alberta-based AGS Flexitallic Inc., has recently increased its activity in Canadian oil sands through acquisitions.
German builder Hochtief has sold its airports division to PSP Investments for 1.1 billion euros (or around US$1.4 billion), seeking to cut debt and invest in its infrastructure business, reports Reuters. PSP Investments, which is the investment arm of the C$64.5 billion Montréal-based Public Sector Pension Investment Board, was one of several bidders for the business unit, which has holdings in airports in Athens, Budapest, Duesseldorf, Hamburg, Sydney and Tirana.
Canadian mid-market buyout firm Novacap has lent support to the acquisition activity of Montréal-based Fibre Noire Internet Inc., a telecommunications company specializing in fiber optic connectivity services for businesses. Fibre Noire bought Société des Réseaux Dédiés et Privés Inc. and Réseau du Haut-Richelieu Inc., two independent fiber optic networks in the Montréal area. The financial terms of the two transactions were not disclosed.
TPG has invested in Advent Software, which was up for sale earlier this year.
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has put $15 million into Alta Rail Technology, a supplier of technology products and services to railroads. The firm invested out of Darby Latin American Mezzanine Fund II, L.P. Other terms of the deal were not disclosed.