KinSett Capital's KS Acquisition II LP has filed a notice of extension with the depositary of the offer previously announced on December 5, 2012 to purchase all of the trust units of Primaris Retail Real Estate Investment Trust. The offer is now open for acceptance by Primaris unitholders until 5.00 p.m. (Toronto time) on February 4, 2013, unless withdrawn by the offeror.
Aleutian Capital Partners has backed Global Sugar Art. Founded in 2002 and headquartered in Plattsburgh, New York, Global Sugar Art distributes confectionery decorations, ingredients, tools, and equipment used in cake and candy making.
DDP Holdings, a provider of retail solutions, has received a new investment from Juggernaut Capital Partners to fund an acquisition. JCP partnered with Palm Beach Capital and management to support the acquisition.
Banyan Partners has announced a strategic partnership with Temperance Partners, a private investment firm. The partnership will provide Banyan with expansion capital to support its acquisition efforts in the investment advisory arena.
American Capital's portfolio company Pan Am International Flight Academy has acquired Airline Career Academy. Airline Career Academy is a pilot training academy specializing in JAA/EASA and FAA ab initio training.
Ontario Teachers' Pension Plan and SeaCube Container Leasing, Ltd. have entered into an agreement by which Teachers' will acquire 100 percent of the shares of SeaCube, a container leasing company based in Park Ridge, New Jersey. Under the terms of the agreement, which is expected to close in the first half of 2013, SeaCube shareholders will receive $23.00 in cash per SeaCube common share. Reuters estimates the transaction value to be US$467 million.
Shopko, which is backed by Sun Capital Partners, said Friday it has promoted Jill Soltau to the position of President and Chief Merchandising Officer. She was previously Shopko's EVP and chief merchandising officer. Green Bay, Wis.-based Shopko is a retailer that operates almost 350 stores in 22 states.
Juggernaut Capital Partners has invested in DDP Holdings. Financial terms weren't announced. Tampa, Fla.-based DDP provides specialized teams for retail merchandising, new store set-ups, and product re-set services for retailers, manufacturers and brands.
It's been a busy month for deal announcements. So far in January we've had 509 U.S. announced mergers totaling about $41 billion, according to data from Thomson Reuters.
Private equity firm Advent on Friday increased its offer for Dutch medical supplier and pharmacy owner Mediq to 819 million euros, or 14 euros per share, from 775 million. Advent's original offer, announced in September, was 13.25 euros per share, Reuters wrote.