News

Uni-select Inc. (TSX:UNS) announces the completion of its sale to LKQ Corporation by way of a plan of arrangement, under which the LKQ’s subsidiary has acquired all of the issued and outstanding shares of Uni-Select for CAD 48.00 per share in cash, representing an enterprise value of approximately CAD 2.8 billion. Uni-select is a leader in the distribution of automotive refinish and industrial coatings and related products in North America, as well as a leader in the automotive aftermarket parts business in Canada and in the U.K. LKQ is a competitor with operations in North America, Europe and Taiwan.

BXR shareholders co-acquired Phoenix Tower, a 34-storey Grade A office tower in Parkway Plaza, Houston as part of a consortium led by US & Canadian fund manager Group RMC.

Aareal Bank AG is a Germany-headquartered provider of financing solutions and services, with a focus on the property industry. A BXR shareholder co-invested with Petrus Advisers in a take-private by a consortium led by Advent, Centerbridge and CPPIB.

Marex Group reports record full-year results for the period to 31 December 2022, including a 29% increase in net revenue to USD 701.5 million and a 53% increase in adjusted operating profit before tax to USD 121.7 million.

Marex plc, the commodity broker, held the third completion of its acquisition of the global ED&F Man Capital Markets business which was announced on August 1, 2022. The UK, US, Australia and Dubai operations are now part of Marex.

XCentric Hotels has completed the sale of its portfolio of budget hotels operated as master franchisee for Benelux of the easyHotel brand to the franchisor easyHotel plc.

Together with Canadian development partners Bluenose AC Investments and Freed Developments, BXR Group sold Grand Park Village to the Minto Group. The project is a site in Etobicoke, a suburb of Toronto, which was assembled and on which the partnership achieved zoning for one million square feet of mixed use condiminium and retail units.

Crossroads European Real Estate Fund II SCSp, the second Crossroads Real Estate fund, seeded by BXR Group shareholders, held its second closing. To date it has invested in European budget hotels, parking garages in The Netherlands and a co-living development in Dublin.

Birch Hill Equity Partners IV and BXR Group agree to sell part of their stake in Softchoice Corporation through a CAD 150,000,000 block trade led by TD Securities and Goldman Sachs.

CenTech New Hungary Venture Capital Fund has been fully exited and capital returned to investors.