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Garda World Security Corporation, a security solutions and cash logistics firm is to be taken private. A consortium formed by Stephan Cretier, founder, chairman and CEO of Garda and a subsidiary of funds advised by Apax Partners will acquire each Class A share of Garda for C$12.00 in cash.
Onex Corp. has completed its $813 million acquisition of graphic services company SGS International. Onex Partners III invested $260 million, of which Onex' share was $66 million as a limited partner in the Fund. SGS is based in Louisville, Kentucky.
Logibec Groupe Informatique has acquired Artefact, a business unit of LGS Group Consulting Corporation, an IBM company. Artefact is a provider of clinical software solutions for healthcare organizations and is based in Quebec City, Canada. Financial terms were not disclosed.
Onex Corp. said Wednesday that it completed its $813 million buy of SGS International. Onex Partners III invested $260 million in the deal, while Onex' share, as an LP, was $66 million. Louisville, Kentucky-based SGS provides packaging graphic services to branded consumer products companies, retailers and the printers that service them.
Canadian mega-deals are back! Q9 Networks, the Montreal-based provider of outsourced data centre Canadian mega-deals are back! Q9 Networks Inc., the Montreal-based provider of outsourced data centre infrastructure, announced the final close of its acquisition by BCE, Teachers', Providence Equity Partners, and Madison Dearborn Partners for $1.1 billion. This is also a major sponsor-to-sponsor deal, as Q9 Networks was previously acquired by Boston-based ABRY Partners in August 2008 for approximately $361 million.
San Francisco-based AppDirect, a cloud service marketplace company, has acquired open source billing technology company jBilling. Terms were not released. jBilling was formed in 2002. AppDirect raised $8.5 million this summer from investors including iNovia Capital and Stingray Digital.
Frank & Oak, a personalized online clothing retailer for men, has closed $5 million in Series A financing. Lightbank led the round. Bertelsmann Digital Media Investment and Rho Canada Ventures and Real Ventures also contributed to the round. Frank & Oak is based in Montreal.
CVC Capital Partners will take a majority stake in Cunningham Lindsey Group, a loss adjusting and claims management firm, the firm announced Monday. Terms of the recapitalization were not released. In 2007, Stone Point Capital acquired a majority interest in Cunningham Lindsey via a public-to-private transaction, with Fairfax Financial Holdings, the company said in a press release. Going forward, Stone Point and Fairfax will remain “substantial and active shareholders,” the company said.
Riverstone, an energy and power-focused private equity firm in New York, has announced it will invest up to $200 million in the Houston-based oil and gas exploration and production company Kerogen Energy Holdings.
Wellington Financial has provided debt financing for SmartDrive Systems of San Diego, CA. The financing closed in conjunction with a $47 million round of equity financing. SmartDrive provides web-based driver safety and fuel solutions for fleet enterprises globally. SmartDrive is backed by leading venture capital firms, including New Enterprise Associates and Oak Investment Partners.
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