Forstmann Little sells 24 Hour Fitness Worldwide

Forstmann Little & Co has sold 24 Hour Fitness Worldwide. An investment group led by AEA Investors LP and the Ontario Teachers’ Pension Plan has acquired the business. Headquartered in San Ramon, CA, 24 Hour Fitness is a health club serving nearly four million members and employing 21,000 fitness professionals in over 400 clubs across the United States.


Ontario Teachers’ Pension Plan invests $300 mln in FRG

Flynn Restaurant Group has secured approximately $300 million in funding from Ontario Teachers’ Pension Plan. OTPP is buying its stake from Goldman Sachs‘ private equity arm GS Capital Partners and Weston Presidio. Headquartered in San Francisco, FRG is the largest restaurant franchisee in the U.S.


PE-backed Shearer’s Foods agrees to buy Lance Private Brands

Shearer’s Foods, a portfolio company of Wind Point Partners and Ontario Teachers’ Pension Plan, has agreed to acquire Lance Private Brands from Snyder’s-Lance. No financial terms were disclosed although some news outlets report the amount of the purchase to be $430 million. Lance Private Brands is a maker of cookies, crackers and wafers.

Alliance Laundry completes Primus Group acquisition

Alliance Laundry has closed its buy of Primus Group. No financial terms were disclosed. BMO Capital Markets advised Alliance Laundry on the transaction. Alliance Laundry is an indirect subsidiary of ALH Holding, a portfolio company of the Ontario Teachers’ Pension Plan managed by Teachers’ Private Capital. Primus Group, which is headquartered in Gullegem, Belgium, markets commercial washer-extractors, tumbler dryers, ironers and feeding and folding equipment under the Primus, Lavamac and Deli brands.

Denmark’s ISS to raise $1.5 bln in March IPO – Reuters

Danish outsourcing firm ISS A/S aims to raise 8 billion Danish crowns ($1.5 billion) through an initial public offering of stock in March, writes Reuters. EQT and Goldman Sachs hold 73 percent of ISS, after the Ontario Teachers’ Pension Plan and KIRKBI, which invests funds from the family behind Lego toys, injected 500 million euros ($685 million) for a combined 26 percent stake in 2012.

Alliance Laundry to acquire Primus Laundry Equipment Group

Alliance Laundry Holdings is acquiring Primus Laundry Equipment Group. Alliance Laundry is an indirect subsidiary of ALH Holding Inc, a portfolio company of the Ontario Teachers’ Pension Plan managed by its private equity investment division, Teachers’ Private Capital.

Reuters – GIC, Canada Fund Bid for $1.4 billion Kyobo Stakes

Government of Singapore Investment Corp and Canada’s Ontario Teachers Pension Plan are among final bidders to buy stakes in South Korea’s unlisted Kyobo Life Insurance in deals worth up to $1.4 billion, writes Reuters. Daewoo International Corp and state-run Korea Asset Management Corp are offering about a one-third stake in the life insurance company in […]

Ontario Teachers’ Pension Approaches Goals Soccer

Goals Soccer Centres Plc, which runs 5-a-side football centers throughout the UK, said it had received a preliminary approach from Canada’s Ontario Teachers’ Pension Plan. Over the weekend, media reports emerged that the Ontario Teachers’ Pension Plan was in talks to buy the soccer center operator, which is currently valued at 52 million pounds ($83.08 […]

Thoma Bravo Completes $1.3 Bln Buy of Blue Coat Systems

Thoma Bravo has closed its buy of Blue Coat Systems. A Thoma Bravo-led investor group paid $25.81 a share cash, or about $1.3 billion, for the provider of Web security and WAN optimization solutions. The deal was announced in December. Ontario Teachers’ Pension Plan, through its private investor department, was also an investor. Jefferies provided financing […]

Trion Worlds Raises $85M From Ontairo Teachers’ Pension, Bertelsmann

Trion Worlds has raised $85 million in a round of equity financing led by Ontario Teachers’ Pension Plan and joined by current Trion investor Bertelsmann Digital Media Investments. Games producer Trion will utilize the financing to grow its business. PRESS RELEASE TRION WORLDS CLOSES $85 MILLION STRATEGIC GROWTH FINANCING Led by Ontario Teachers’ Pension Plan […]

Teachers Scraps Toronto Sports Empire Sale

The Ontario Teachers’ Pension Plan has cancelled plans to sell its 80 percent stake in Maple Leaf Sports and Entertainment Ltd, owner of Toronto’s big-league hockey and basketball teams, writes Reuters. Teachers suggested a possible sale of the stake in March, after several unsolicited expressions of interest, writes Reuters. (Reuters) – The Ontario Teachers’ Pension […]

Ontario Teachers’s Pension Plan Closes Flexera Buy

The Ontario Teachers’ Pension Plan said Monday that it has completed its buy of a majority stake in Flexera Software. The deal was announced in July. Thoma Bravo, the seller, is retaining a minority stake. Financial terms weren’t disclosed.

Insight Pharmaceuticals Buys Monistat Brand

Insight Pharmaceuticals, a portfolio company of Swander Pace Capital, has acquired the Monistat North American brand portfolio from McNEIL-PPC Inc. Financial terms of the deal were not released. In connection with the transaction, Ontario Teachers’ Pension Plan, through its private equity group Teachers’ Private Capital, has joined Swander Pace Capital as an equity investor in Insight. HT Capital Advisors acted as exclusive financial advisor to Insight and Swander Pace Capital.

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