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The Canada Pension Plan Investment Board said on Friday it will pay $1.1 billion for the heating and air conditioning business of Tomkins Ltd., a British-based industrial holdings company jointly owned by CPPIB and Onex Corp., Reuters reported. Canadian private equity firm Onex and CPPIB, which manages one of the world's largest pension funds, acquired Tomkins in 2010, and the company has since reduced its debt by selling five non-core businesses for total proceeds of almost $1 billion. The division is a North American manufacturer of residential and non-residential heating, venting and air conditioning products.
TD Bank, via its Asset-Based Lending Group, has provided $39 million in financing to support the acquisition of Albert Tire Co. by Bennett Capital Partners. Albert Tire is a wholesale distributor of tires in the Mid-Atlantic region, and is based in West Deptford, N.J. Terms of the acquisition were not released. PRESS RELEASE TD Bank, […]
Lowe’s Cos Inc. said on Monday it had withdrawn its C$1.8 billion ($1.86 billion) proposal to buy Rona Inc. in the face of stiff opposition to the unsolicited bid for the Canadian home improvement retailer. Quebec-based Rona, Canada’s home-grown answer to Lowe’s and Home Depot Inc., had rejected the C$14.50-per-share offer, saying it was not […]
OMERS Private Equity, the private equity arm of Canadian pension fund OMERS has appointed Isabelle Pagnotta as a director and Bryony Marshall as an associate to its London office. OMERS set up its London office in 2009 and has invested $640 million so far in the European market.
EnerTech Capital has hired cleantech/energy technology executive Anne-Marie Bourgeois as vice president, investments. She is based in Montreal and will be responsible for leading EnerTech Capital’s investment activities in Québec as well as building relationships worlwide. PRESS RELEASE EnerTech Capital is pleased to announce they have hired leading cleantech/energy technology executive Anne-Marie Bourgeois as Vice […]
The owner of Canadian retailer Hudson’s Bay Co. has hired banks to explore an initial public offering of the firm’s Canadian department stores to raise about C$500 million ($506.9 million), the Wall Street Journal reported, citing a person familiar with the matter. About a third of North America’s oldest company will be listed on the […]
Onex Partners III will make a $260 million investment in SGS International, a provider of packaging graphics services, as part of a $813 million deal in which Onex Corp will acquire the company. The company’s senior management will also invest in the company as part of the transaction, they announced. REUTERS STORY: Onex to buy […]
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