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Deals

Advent International of Boston agreed to acquire The Priory Group from The Royal Bank of Scotland Group Plc for an enterprise value of up to £925 million. Priory Group is a provider of mental health and specialist care services in the United Kingdom.

Advent International agreed to acquire 50 percent of Terminal de Conteineres de Paranagua S/A’s capital stock. TCP is Brazil’s third-largest container port terminal. All of TCP’s current shareholders will retain an ownership position in the company after the deal closes.

Alerion Capital Group of Scottsdale, Ariz., recapitalized Kiosk Information Systems, a privately held designer and maker of customized self-service kiosk systems, solutions and services. McGladrey Capital Markets served as exclusive financial adviser to Kiosk. Silicon Valley Bank provided senior debt and Peninsula Capital provided mezzanine debt, but specific financial details were not disclosed.

Amalgamated Capital, the New York-based leveraged finance division of Amalgamated Bank, announced today that it served as co-lead arranger and syndication agent, alongside Madison Capital, for for $27 million in senior secured credit facilities to support the refinancing of CarePoint Partners, a portfolio company of the Chicago-based private equity firm Waud Capital Partners. The money enabled CarePoint, a Cincinnati-based company that provides patients with intravenous and other therapies at home, to acquire Houston-based ivA Lifetec, a maker of home infusion therapies like antibiotics.

Apollo Management of New York and CVC Capital Partners Ltd. of London received European Union regulatory approval to acquire Brit Insurance, Reuters reported. The European Commission said the transaction did not raise any competition concerns because of their very small business overlaps. Brit Insurance accepted a buyout offer from the two private equity shops in October; the deal values the insurer at up to £888 million ($1.4 billion).

BAE Systems Plc plans to cancel the proposed sale of its Platform Solutions unit, Reuters reported. A source close to the company told Reuters that BAE has decision to keep the division. People familiar with the matter earlier told Reuters that General Electric, Eaton Corp. and Warburg Pincus submitted final bids for the subsidiary of the U.K. defense contractor.

Baird Capital Partners, the U.S.-based buyout fund of Baird Private Equity, announced that its portfolio company, American Auto Auction Group, has acquired Texas Lone Star Auto Auction, based in Carrollton, Texas. The parties aren’t disclosing the purchase price.

Behrman Capital has acquired Birmingham, Ala.-based Atherotech, a developer of a novel cholesterol test that was spun out of the University of Alabama. Terms of the deal weren’t disclosed.

Behrman Capital completed a dividend recapitalization for Data Device Corp. and a tax-free spin-off of ILC Dover to existing shareholders. The Data Device recapitalization consisted of a $300 million six-year term loan and a $30 million five-year revolving credit facility. Credit Suisse and GE Capital Corp. led the recapitalization. Behrman together with Clifford Lane acquired both businesses from ILC Industries in 2003 for $303 million. GE Capital also led the financing of a $37 million credit facility for Dover. Behrman is based in New York and San Francisco.

International private equity firm Black Pearl Capital Partners is buying Canadian Energy Equipment Manufacturing, a maker of equipment for oilfield services firms. Tyler Hague, founder of the company, will remain on board as CEO.

Blackstone Capital Partners is planning to raise $530 million in senior secured notes due 2019 in connection with its agreement to acquire Charlotte, N.C.-based Polymer Group Inc. The offering is part of the financing for, and is conditioned upon, the closing of its deal with the New York-based investment and advisory firm.

The Carlyle Group of Washington, D.C., completed the acquisition of CommScope Inc., a maker of infrastructure for communications networks. CommScope shareholders will $31.50 for each share held in the maker of communication cables. Marvin S. “Eddie” Edwards Jr., CommScope’s president and chief operating officer, was named president and CEO. He was also named to the board of CommScope. Edwards succeeds Frank M. Drendel, who served as CEO since he founded the company in 1976. Drendel also remains chairman.

The Carlyle Group acquired Syniverse Technologies, a Tampa, Fla.-based provider of technology and business solutions for the global telecommunications industry, for about $2.6 billion. Syniverse’s shareholders are entitled to receive $31 in cash, without interest, for each share owned.

Colony Capital has taken a minority stake in sbe, a Los Angeles-based hospitality, real estate development and lifestyle company. Financial terms weren’t announced. Thomas J. Barrack, Colony Capital’s founder, chairman and CEO, along with Richard Nanula, a principal, will sit on sbe’s board. Santa Monica, Calif.-based Colony is a real estate investment and advisory firm.

Crescent Financial Partners Inc. purchased a 30 percent equity stake in BeautyTicket.com, which sells beauty products at a discount. Financial terms were not disclosed. Crescent Financial is a Los Angeles-based private equity merchant banking firm.

DMC Capital Funding LLC portfolio company Xact Technology LLC formed a satellite connectivity partnership with publicly traded Iridium Communications Inc. Xact agreed to become as a value-added reseller for Iridium, and will develop a dual-mode cellular/satellite GPS tracking and machine-to-machine communication device.

Private equity firms Exponent Private Equity and Intermediate Capital Group have agreed to pay £205 million ($326.7 million) to buy the meat-free business of Britain’s Premier Foods, Reuters reported. The sale of the business unit, which includes vegetarian products and meat-free sausages, will help Premier reduce its debt, Reuters said.

General Atlantic LLC of Greenwich, Conn., will become the second largest shareholder of Kaspersky Lab by acquiring a number of secondary shares. Financial details of the deal were not disclosed. Kaspersky develops secure content and threat management solutions.

Genstar Capital Partners portfolio company Confie Seguros said that it has bought Seguros Sin Barreras. Financial terms were not announced. Also, Valeria Rico, Lexicon Marketing’s former CEO and president, was named chief marketing officer of Confie Seguros. Seguros Sin Barreras is an insurance broker that serves Hispanic customers. New York-based Confie Seguros is an insurance distribution company focused on the Hispanic consumer.

Green Courte Partners LLC acquired a portfolio of six age-restricted land-lease communities in central Florida. The portfolio contains more than 1,850 home sites and is nearly fully occupied. It hired American Land Lease Inc., which is a unit of its second fund, to manage the communities. Green Courte is a Lake Forest, Ill.-based private equity shop that targets the real estate sector.

Grey Mountain Partners LLC made an equity investment in Triton Diving Services LLC, a Metairie, La.-based provider of commercial diving services to the offshore oil and gas industry in the Gulf of Mexico. Financial terms were not disclosed. Grey Mountain invests in smaller middle market companies with enterprise values from $30 million to $150 million.

Hastings Equity Partners LLC of Waltham, Mass., and Admiralty Partners Inc. of Los Angeles led an equity investment in Marport Deep Sea Technologies Inc., of St. John’s, Canada, a maker of sonar products for the defense and commercial fisheries markets. In connection with the financing, Bruce MacRae, a managing director at Hastings, will join Marport as chairman. He replaced Derrick Rowe, who remains with the board.

H.I.G. Capital LLC of Miami extended the tender offer for Matrixx Initiatives Inc. The new deadline is Jan. 31, at 5 p.m. The tender offer was previously scheduled to expire at 11:59 p.m. on Jan. 24. All other terms and conditions of the offer remain unchanged. H.I.G. is seeking to acquire the Scottsdale, Ariz.-based maker of over-the-counter health care products, for a total of $75.2 million, or $8 a share.

H.I.G. Capital LLC portfolio company Surgery Center Holdings Inc. signed a definitive agreement to acquire the publicly traded NovaMed Inc. in a transaction valued at about $214 million. The price includes debt assumption or repayment of about $105 million. Novamed shareholders will receive $13.25 a share. NovaMed is a Chicago, Ill.-based operator of ambulatory surgery centers.

Huntington Capital, the San Diego-based lower middle market private equity fund, placed a growth investment in Vantage Mobility International. Vantage makes tools for conversions to place wheelchair lifts and other accessibility products in vehicles. Huntington invested in the company from its second fund.

Industrial Opportunity Partners of Evanston, Ill., completed a strategic acquisition for its platform company FAS Controls Inc. The maker of pressure switches, valves, circuit breakers and other products bought Honeywell International Inc.’s lighting and heavy-duty electromechanical flasher business.

JPB Capital Partners of Columbia, Md., has taken a stake in Baltimore-based Ilex Consumer Products Group, which has acquired the domestic rights to Johnson & Johnson’s St. Joseph’s aspirin brand. Terms of the deal aren’t being disclosed but the Gazette newspaper calls the investment “significant.”

LLM Capital Partners LLC of Boston completed a new investment in Tempe, Ariz.-based Hybrid Design Associates LLC. Financial terms were not disclosed. Under the terms of the deal, LLM Capital acquired the assets of the maker of electronic assemblies through a newly formed entity.

Boston-based Madison Parker Capital has acquired Torrance, Calif.-based IPATH, a designer, developer and marketer of skateboarding footwear and apparel. Financial terms of the deal were not released. Madison Parker Capital acquired IPATH from The Timberland Co.

Madison Parker Capital has made an investment in Paper House Products, a maker of scrapbooking products and gift items. Paper House is based in Saugerties, N.Y. Brent Brown, managing partner of Madison Parker Capital, will join the Paper House board of directors.

Main Street Capital Corp. of Houston completed a $7.5 million investment in Pegasus Research Group LLC, which does business as Televerde. The financing supported the recapitalization and growth financing of Televerde. The investments consist of a $6.25 million in first lien secured debt and a $1.25 million direct equity investment. Televerde is a Phoenix, Ariz.-based provider of sales-lead services.

U.S. private equity firm Mount Kellett Capital Management will invest $100 million in a unit of Vietnamese conglomerate Masan Group, Reuters said. After the deal closes, Mount Kellett will have a 20 percent stake in Masan Resources, which owns a mine in northeastern Vietnam, Reuters said.

Affiliates of Platinum Equity and Littlejohn & Co. have reached agreements with Keystone Automotive Operations Inc., the Pennsylvania-based maker of specialty automotive equipment and accessories, to reduce its outstanding debt by $295 million. Kirkland & Ellis, Miller Buckfire & Co., and FTI Consulting provided advice to Keystone; Willkie Farr & Gallagher provided advice to the buyout firms.

Riverstone/Carlyle Global Energy and Power Funds said an additional investment was made in Three Rivers Natural Resource Holdings LLC. Details of the investment were not disclosed. Three Rivers Natural Resource is a Austin, Texas-based upstream oil and gas company. Riverstone/Carlyle Global Energy and Power Funds is managed by Riverstone Holdings LLC of New York. Three Rivers also acquired assets in the Permian Basin of West Texas and Southeast New Mexico from Samson Resources and its affiliates.

Sawari Ventures LLC of Cairo, Egypt, announced the launch and initial investments of its first fund. The firm’s first two investments are in ALZWAD Mobile Services and in vimov. ALZWAD provides content and mobile application developers with a platform to reach mobile users in the Middle East. Vimov develops iPhone and iPad applications. The fund, Sawari Ventures I will focus on early and growth stage technology companies. It is seeded by the partners and sponsored by Naguib Sawiris.

Serent Capital

, the California-based private equity firm, invested in Cardon Healthcare Network, a Texas-based provider of patient account management for hospital systems. Financial details of the deal were not disclosed; David Kennedy, co-founder of Serent, worked on the transaction for the firm.

Silver Lake Sumeru of Menlo Park, Calif. made a strategic investment in PrimeSense Inc. Financial terms were not disclosed. As part of the investment, Paul Mercadante, managing director at Silver Lake Sumeru, will join the board of the sensing and recognition technologies company, which is based in Israel.

Summit Partners, the Massachusetts-based private equity firm, took a minority stake in M/A-COM Technology Solutions Holdings Inc. Terms of the transaction were not publicized. Summit Partners Managing Director Peter Chung will join the company’s board of directors as part of the transaction.

Sun Capital Partners portfolio company Emerald Performance Materials has completed its acquisition of DSM Special Products. The seller was Royal DSM NV. Financial terms weren’t announced. DSM Special Products, of the Netherlands, makes toluene oxidation products.

Sun Capital Partners of Boca Raton, Fla., acquired Manchester Industries through its PaperWorks Industries Inc. affiliate. Manchester Industries is a paper and paperboard converter based in Richmond, Va. The acquired business is expected to merge with PaperWorks Industries. The transaction will enhance PaperWorks’ product offering. PaperWorks also acquired Rosmar Packaging, a maker of folding carton converters.

Sun Capital Partners portfolio company VPS Convenience Store Group has bought 22 stores formerly operated by Appco Convenience Stores in northeastern Tennessee and southwestern Virginia. Financial terms weren’t announced. Wilmington, N.C.-based VPS operates convenience stores under the Scotchman, Village Pantry, Li’l Cricket, Young’s and Next Door Stores brands.

TA Associates Inc. of Boston made a minority investment in AboveNet Communications Inc. through a secondary purchase from an existing shareholder. Financial terms were not disclosed. Ropes & Gray serves as TA’s legal counsel. AboveNet is a White Plains, N.Y.-based provider of fiber optic network services in the United States and Europe.

TA Associates completed its majority investment in Dymatize Enterprises Inc., a Dallas,Texas-based maker and marketer of nutritional and sports supplements. Dymatize’s founders will remain with the company and retain a significant portion of their equity. Other terms of the investment were not disclosed. Goodwin Procter LLP provided legal counsel and Imperial Capital LLC provided advisory services to TA Associates, which is a growth equity firm based in Boston.

TA Associates of Boston and Madrone Capital Partners of Menlo Park, Calif., made an investment in MicroSeismic Inc., a Houston-based provider of microseismic data acquisition, analysis and interpretation to the oil and gas industry. The firms said the investment was substantial, but specific terms were not disclosed. Goodwin Procter LLP serves as legal counsel to both TA Associates and Madrone Capital.

Thoma Bravo of Chicago acquired Manatron Inc., a property tax and records management software data system based in Michigan to integrate into its International Land Systems asset. Based in Maryland, International Land Systems will integrate Manatron International into its platform as a separate division. Terms of the deal were not specified.

Vitruvian Partners of London agreed to back a management buyout of the OpenBet subsidiary of NDS Group Ltd. OpenBet is a provider of online gaming and betting technology and software solutions. NDS develops technologies that allow pay-TV operators to deliver digital content. It is owned by Permira and News Corp.

Warburg Pincus LLC of New York completed its $150 million investment in National Penn Bancshares Inc., the Pennsylvania-based bank holding company. Warbug Pincus now owns about 16.4 percent of the National Penn. The latest investment was worth $86.7 million and it purchased about 14.3 million newly issued shares of National Penn. Warburg Pincus made an initial investment of $63.3 million in October.

Warburg Pincus portfolio company Wall Street Systems will acquire the corporate treasury manager service belonging to Thomson Reuters. The entity, called Tresura, will be integrated into Wall Street Systems’ existing treasury management solutions with an emphasis on cash management.

Warner Music Group is looking for potential buyers and Goldman Sachs is advising on the process, a source familiar with the matter told Reuters. New York-based Warner is the world’s No. 3 music company and is the home for the band, Green Day. The New York Times reported the decision to hire Goldman came after a number of potential buyers including Kohlberg Kravis Roberts & Co. approached Warner Music’s to express an interest in buying the company.

Water Street Healthcare Partners portfolio company CareCentrix Inc. acquired Sleep Management Solutions LLC, which specializes in sleep benefits management. The transaction expands CareCentrix’s services. Water Street acquired a controlling interest in 2008 in CareCentrix, which provides home health benefits management services to the managed care industry.

Waud Capital Partners LLC portfolio company CarePoint Partners has acquired ivA Lifetec. Financial terms were not disclosed. The deal marks CarePoint’s tenth acquisition in three years. It also marks the company’s entry into the Houston market. CarePoint provides infusion therapy services. In conjunction with the acquisition, CarePoint completed a $27 million senior debt financing with Madison Capital and Amalgamated Capital.

Webster Capital Management LLC acquired Conisus Inc., an Atlanta-based provider of medical communication services. Webster completed the deal in partnership with Conisus’ management. Texas Capital Bank and BB&T Capital Partners provided debt financing for the deal. Goodwin Procter served as counsel for Webster.

The German government may provide more temporary funding to secure the sale of WestLB, two people close to the bank told Reuters. Sources said the funding would help suitors interested in acquiring only parts of the bank. Apollo and Blackstone submitted indicative bids, according to two financial sources.