Ares Management Corp and OMERS Private Equity have agreed to sell National Veterinary Associates to JAB Investors. Financial terms weren’t announced. National Veterinary is a veterinary and pet care services organization.
Newlight is led by David Wassong and Ravi Yadav, who spun out of Soros Fund Management in 2018.
Onex Corp has sold 37.5 million shares of SIG Combibloc Group, generating US$556 million in gross proceeds.
Altas Partners has completed a majority investment in Pye-Barker Fire, a Alpharetta, Georgia-based provider of fire protection services.
Great Hill Partners and Spectrum Equity said Nov. 25 that they agreed to buy the assets of IBM’s sales performance management business. Financial terms weren’t announced. Great Hill and Spectrum are relaunching Varicent Software, which will be led by Marc Altshuller. IBM acquired Varicent in 2012.
Clarivate, a Philadelphia-based information services and analytics company, has agreed to combine with CPA Global, a Jersey, Channel Islands-based intellectual property services provider.
Blackstone is buying a majority of Servpro via a recap. Financial terms weren’t announced. Servpro is a cleaning and emergency restoration company. The Wall Street Journal pegged the deal at $1 billion.
BDT Capital Partners has raised nearly $9.1 billion for its third fund, according to an SEC filing.
Spartan Energy Acquisition Corp, a blank check company focused on the energy industry in North America, has debuted its IPO after pricing its 48 million shares at $10 per share. The stock began trading August 10, 2018 on the New York Stock Exchange under the ticker symbol "SPAQ.U." Citigroup Global Markets Inc and Credit Suisse Securities (USA) LLC are the lead underwriters. Spartan Energy Acquisition Corp is backed by Apollo Global Management LLC.
Pine Island Acquisition Corp, a blank check formed by Pine Island Capital Partners, has raised $200 million for its IPO after pricing its 20 million shares at $10 per share.