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Pacific Rubiales Energy Corp., a Canadian-based producer of natural gas and heavy crude oil, announced it will purchase C&C Energia Ltd. According to Reuters, the $500 million transaction will expand exploration and development capacity in Columbia, where both firms have operations. The acquisition is expected to be completed in 2013. C&C Energia has in past received investment from Calgary-based private equity firm 32 Degrees Capital.
In its second retail-focused deal this month, Canadian mid-market buyout firm Novacap announced it has acquired a stake in Pipp Mobile Storage Systems Inc., a provider of management solutions for customer-specific storage needs. Walker, Michigan-based Pipp Mobile was sold to Novacap by Chicago private equity investor Prospect Partners, which acquired the company in 2005. Last week, Novacap entered into an agreement to acquire Saint-Laurent, Québec-based luggage retailer Bentley Leathers Inc.
Innovative Hearth Products, which is backed by Comvest Partners, has sold a subsidiary, Security Chimneys International, to M&G Duravent Inc. Terms were not released.
Philippine Metals, a Calgary, Alberta-based company focused focused on the discovery and development of copper and copper-gold deposits in the Philippines, has announced that executive Feisal Somji has resigned as CEO and as a board member, effective immediately. No reason is being given. Somji is being replaced as CEO by Craig Lindsay, another of the company's board members. Lindsay is also currently the president and CEO of Otis Gold Corp., and a managing director of Arbutus Grove Capital Corp.
North Plains Systems Inc., a Toronto-based marketing company, has acquired VYRE, Inc., a U.K.-based maker of marketing resource management and brand asset management software. Terms of the deal were not disclosed. UPDATE: North Plains is a portfolio company of Accel-KKR LLC, a technology-focused private equity firm based in Menlo Park, California. Accel-KKR first invested in North Plains in 2011.
Just three months after raising startup capital from iNovia Capital , parcel storage service Bufferbox of Waterloo, Ontario, has been acquired by Google for a reported US$17 million.
Blue Ant Media Inc., a Toronto-based media company, announced it has acquired Cottage Life Media Inc., which publishes "Cottage Life," "Cottage, Outdoor Canada" and "Canadian Home Workshop," and produces the Spring & Fall Cottage Life consumer shows. Blue Ant is backed by a number of investors, including Canadian private equity fund manager Kensington Capital Partners, which made a direct investment in the company in late 2011.
Canadian buyout firm Novacap announced it will acquire Bentley Leathers, Inc., a North American retailer of luggage and related accessories based in Saint-Laurent, Québec. Bentley, which is associated with a number of brands, including Bentley, Access, and Unic, will also have a new CEO: David Margolis, a well-known figure in the Canadian retail sector, who was recruited by Novacap. The deal is expected to close in early 2013.
Whistler Blackcomb Holdings Inc. announced the appointment of Jeremy Black as senior vice president and CFO, effective Jan. 14, 2013. The appointment comes on the heels of KSL Capital Partners' acquisition of a 24% interest in the popular Canadian ski resort. At the time of the Denver, Colo.-based KSL's purchase, senior managers of Whistler Blackcomb, including CEO and director Bill Jensen, resigned. The company's new CEO, Dave Brownlie, previously acted as chief operating officer. Whistler Blackcomb has links with Intrawest Corp., owned by Fortress Investment Group.
Private equity investor Swander Pace Capital, which focuses on investments in mid-market consumer products firms, announced the acquisition of Toronto's Benevito Foods Inc. by Pineridge Bakery Inc., also of Toronto. Pineridge, which oversees baked-goods manufacturers Gourmet Baker and Oakrun Farm Bakery, has been a portfolio firm of Swander Pace and Roynat Equity Partners since 2007. Benevito Foods previously received financing from NorthSpring Capital Partners.

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