Abry Partners has acquired a stake in CyrusOne, a Houston-based provider of managed data center services. Terms of the deal were not disclosed.
Asurion Corp., a Nashville-based wireless telephone insurance company, has been acquired by a consortium of unnamed private equity firms, earning previous owner DST Systems $980 million in pre-tax profits.
Bain Capital and Thomas H. Lee Partners received antitrust clearance to acquire Clear Channel Communications for $19.4 billion.
Bard Capital Group has paid more than $320 million for industrial crane provider AmQuip.
Blue Star Print Group, a portfolio company of Castle Harlan, a New York-based private equity firm, has bought McMillan Printing Group, which comprises McMillan print in Sydney and Pirion Printing in Canberra, for A$67.3 million. This acquisition makes Auckland-based Blue Star the largest print group in Australasia.
Carlyle Group is close to sealing a deal for a stake in a hotel management company in China. The plan by Carlyle is to invest nearly $100 million in Kaiyuan Group, a private hotel management company.
Carlyle Group is to acquire ARINC, a provider of transportation communications and systems engineering, for an undisclosed amount. Headquartered in Annapolis, Md., ARINC has approximately 3300 employees in 100 offices worldwide, generating annual revenues in excess of $900 million.
Carlyle Group is to buy a 35 percent stake in Taiwanese lender Ta Chong Bank for $657 million, the firm’s first investment in Taiwan’s banking sector. Carlyle beat out Oaktree Capital Management and MBK Partners.
Carlyle Group has been given the green light to buy PQ Corp., a specialty chemicals and glass maker, by the Federal Trade Commission. The U.S. buyout house agreed to a price of $1.5 billion in June with PQ’s owners, J.P. Morgan Partners.
Carlyle Group has agreed to pay $2.7 billion for Sequa Corp. Gail Binderman, chairman of the board of Sequa, has agreed to sell all Class A and B shares of Sequa for $175, a 54 percent premium on the prior closing price. Sequa is a New York-based manufacturer.
Centerbridge Capital Partners has had its $750 million investment into auto supplier Dana approved by trade unionists.
CVC Capital Partners, a London-based private equity firm, is on the verge of making its first big play in the US with the $2.2 billion buyout of chemicals distributor Univar. CVC has offered €53.50 per Univar share, a premium of approximately 36 percent. CVC is expected to relocate the firm’s headquarters to the U.S., where, along with Canada, Netherlands-based Univar derives 85 percent of revenue Canada.
Darby Overseas Investments, the private equity arm of Franklin Templeton Investments and a provider of mezzanine capital in emerging markets, made a $15 million equity investment in Grupo Bajo Cero, the largest manufacturer and distributor of ice in Mexico. This investment is the Fund’s sixth portfolio company and the third in Mexico.
Elevation Partners has received antitrust clearance to buy a 25 percent stake in handheld device maker Palm Inc. for $325 million. The Federal Trade Commission granted early termination of the waiting period required under the Hart-Scott-Rodino antitrust law.
Emporia Capital Funding has offered $33.5 million in senior and second lien credit facilities to support the recapitalization of Natural Resource Group by Stone Arch Capital. Minneapolis – based Stone Arch Capital invested in the local biofuels storage company in late May.
Flexpoint Partners bought a majority stake in Texas home health company IntegraCare. Financial details were not disclosed.
Formation Capital and JER Partners have completed their $63.35 per share buyout of Genesis HealthCare Corp. (Nasdaq: GHCI), a Kennett Square, Pa.-based long-term care provider with over 200 skilled nursing centers and assisted living residences in 13 eastern states. The total deal is valued at approximately $2 billion.
Global Atlantic Partners has sold ZANTAZ, a Pleasanton, Calif.-based software company to Autonomy Corporation, a provider of infrastructure software, for $375 million.
Hickory Farms, a retailer of meats and cheeses, has been acquired by turnaround specialist Sun Capital Partners.
Hub International, a Chicago-based insurance firm that belongs to Apax Partners and Morgan Stanley, has bought Steel City Agency.
Huntsman rejected its $5.6 billion takeover arrangement with the Netherlands-based chemical company Basell International Holdings and will be acquired by Apollo Management for $10.6 billion, including debt. Under the terms of the deal, Huntsman shareholders will be paid $28 for each share, the same terms as the boosted Apollo’s offer.
Insight Equity Holdings is to acquire Atwood Mobile Products, the automotive parts supplier, from Dura Automotive Systems for $160.2 million.
Investcorp, a global alternative asset management firm that listed on the London Stock Exchange, has agreed to acquire a majority ownership interest in Berlin Packaging, a supplier of rigid packaging in the United States. The acquisition caps is Investcorp’s fifth in a year.
JC Flowers’s $25 billion deal for Sallie Mae could be under threat from legislative proposals pending in Congress, according to a statement from the business. A bill introduced this week by Democrats seeks to cut subsidies paid by the government to student loan companies.
KBC Private Equity has invested an undisclosed amount into Belgian lighting group Wever & Ducre.
Kohlberg Kravis Roberts & Co. has canceled plans to raise $1.4 billion of loans for Dutch retailer Maxeda BV. The failed deal is another sign that debt investors are wary over the bond market.
Kohlberg Kravis Roberts & Co., joining with management and a bevy of passive investors, has succeeded with its tender-offer strategy for Laureate Education (Nasdaq: LAUR.) The investor group announced Monday that 59 percent of Laureate’s shareholders tendered their stock by the July 6 deadline. KKR and the investors offered to pay $62 per share, or $3.82 billion.
Lincolnshire Management is selling tennis racket company Prince Sports, and Nautic Partners, the $2.3 billion, Rhode Island based mid-market private equity house is thought to be interested.
Lindsay Goldberg & Co. has invested $283 million to acquire a “significant” minority stake in Brightstar Corp., a Miami, Fla.-based wireless distributor and provider of supply chain solutions. Cicerone Capital advised Brightstar on the deal, while Lindsay Goldberg was advised by Morgan Stanley and Gabriel Advisors.
MBF Australia is in talks with several potential buyers over a possible takeover that could be worth $1.54 billion. MBF, Australia’s second-largest private health insurer, is considering an offer from rival BUPA Australia as well as other potential bidders including KKR and Pacific Equity Partners.
Nautic Partners, a Rhode Island-based private equity firm, has bought Canada Cartage Diversified Income Fund for $133.5 million. Canada Cartage, based in Ontario, is a provider of trucking services. Nautic is paying $11.30 per share.
Och-Ziff Capital Management has sponsored a recapitalization of Noodles & Co., a Broomfield, Colo.-based operator and franchisor of 151 quick-service noodle restaurants. No financial terms were disclosed.
Paris Re, formerly the reinsurance arm of French insurance giant Axa, said Thursday it priced its initial public offering at $26.66 a share, at the bottom end of an earlier announced price range, according to published reports. A group led by Stone Point Capital bought the company last year and provided about $1.6 billion of capital. Other investors included Hellman & Friedman, Vestar Capital Partners and Crestview Capital Partners.
Sun Capital Partners will pay $43 million for Pemco Aviation Group, an aircraft maintenance firm.
Sun Capital Partners is to buy 75 percent of Limited Stores, the clothing chain, from Limited Brands Inc., which wants to focus on its Victoria’s Secret lingerie stores. Limited Brands previously sold 75 percent of its Express fashion chain to Golden Gate Capital for $602 million.
Thoma Cressey Bravo has agreed to acquire Hyland Software Inc., a Cleveland-based provider of enterprise content management software. The deal is valued at around $265 million, including $150 million of equity, according to Standard & Poor’s.
TPG’s Aleris International, a maker of aluminum sheets, is to acquire Wabash Alloys of Indiana, a recycler of scrap metal into aluminum alloys, for $194 million.
TPG has signaled to the Italian government it is still interested in buying Alitalia, but only if the rules surrounding the auction are changed. Several bidders have walked away from the deal, including the most recent favourite, Air One. Alitalia has a market capitalization of $1.5 billion.
TPG Capital and Asian buyout house Affinity Equity Partners have agreed to buy United Test and Assembly Center Ltd., a listed Singapore-based microchip tester, for $1.4 billion.
TXU, the Dallas-based utility, set its shareholder meeting for Sept. 7 to vote on the pending $45 billion buyout by KKR and TPG Capital.
Warburg Pincus and Yogesh Mahansaria, the former CEO of Balkrishna Tyres, has agreed to acquire Hadera, Israel-based Alliance Tire Company for $150 million.
Westport Capital Partners has joined with Capital Health Group and Kaplan Development Group to buy four assisted and independent living facilities known as the New England Healthcare Portfolio. Terms were not disclosed.