PNC Bank has closed two credit packages totalling nearly USD79.5 million for Rental Equipment Investment Company (REIC), an equipment rental company based in Florida, and Total Plastics Inc (TPI), a distributor and fabricator of plastic sheet, rod, tube, film and tape, headquartered in Michigan. Both companies will use the funds,

Eric Sprott has agreed to acquire 30 million common shares of Redstar Gold in part through a private placement of up to 41 million shares at CAD0.10. Redstar Gold has filed for the financing, which is a non-brokered equity private placement.   The financing will be composed of two tranches.

Private equity firm Thoma Bravo has completed its acquisition of visual analytics software specialist Qlik. Under the terms of the merger agreement, Qlik shareholders are entitled to receive USD30.50 in cash for each share of Qlik common stock they hold.   The transaction was announced on 2 June 2016 and

Platinum Equity has signed a definitive agreement to acquire the Foam Plastic Solutions (FPS) and Flow Control Devices (FCD) businesses of Broadway Industrial Group. FPS is a supplier of protective packaging, insulation and component products to the consumer electronics, automotive, medical and other end-markets.   FCD supplies high-performance parts such

Kelso & Company has acquired Physicians Endoscopy (PE) in a recapitalisation transaction with management, from Pamlico Capital. Terms of the transaction have not been disclosed.   Founded in 1998, PE is a developer, owner, and manager of endoscopic surgery centres across the US. The company currently owns and manages 42

Commercial law firm Noerr has advised consultancy firm Persicon on its takeover by PwC Deutschland. Persicon was founded in Berlin in 2003 and, as a certified IT security provider for the government and officially accredited data protection inspection authority, is the leading German consulting firm in data and IT security.