Iris Dorbian
Blackstone has closed its oversubscribed second core private equity fund at a hard cap of $8 billion.
Owl Rock Capital Group and Neuberger Berman's Dyal Capital Partners have agreed to merge with Altimar Acquisition Corporation, a blank check company sponsored by HPS Investment Partners, to form Blue Owl Capital Inc, an alternative asset management firm.
Pelican Water Systems, once a small, founder-owned company, is now the leader in its field in North America.
Megatel Capital Investments, the capital markets unit of The Megatel Group, has hired Andrew Nerney as regional vice president. Also, the company has added Joel Rickner and Stan Smrke as associate vice presidents to its internal sales desk.
UK-based Alcumus, a software-led risk management solution provider, has made a majority investment of C$40 million in eCompliance, a Toronto-based workplace safety SaaS business. As a result of the transaction, eCompliance will operate as the North American arm of Alcumus. Alcumus is backed by the private equity firm Inflexion.
KKR has agreed to acquire certain international operations from Campbell for an enterprise value of about $2.2 billion. The transaction includes Australian biscuit maker Arnott’s. Jefferies provided financial advice to KKR on the deal.
Guidehouse, a portfolio company of Veritas Capital, has agreed to acquire Navigant Consulting Inc, a professional services firm. The transaction is valued at about $1.1 billion. Jefferies LLC acted as financial adviser to Navigant while Sidley Austin LLP provided legal counsel. And, Schulte Roth & Zabel LLP served as legal counsel to Guidehouse and Veritas Capital.
Restoration + Recovery, which is backed by DFW Capital, has acquired the assets of DGC Environmental Services Inc, a provider of stormwater services. No financial terms were disclosed.
OHA Investment Corporation has agreed to merge with and into Portman Ridge Finance, a business development company managed by Sierra Crest Investment Management LLC, BC Partners Advisors L.P. and LibreMax Capital LLC. The deal is expected to close in the fourth calendar quarter of 2019.
Bain Capital Real Estate has sold its core life science portfolio based in Research Triangle, North Carolina in a deal valued at about $405 million. The portfolio consists of 18 buildings on four campuses. The buyer was Longfellow Real Estate Partners.