Deals

Activant Solutions Inc., a Livermore, Calif.-based business process management company, has acquired Silk Systems Inc., a British Columbia–based provider of computer software solutions providers for the Canadian home improvement, wholesale distribution and building materials industries. No financial terms were disclosed. Activant was bought last year by Hellman & Friedman and Thoma Cressey Bravo for $750 million, from HM Capital.

Apax Partners and Morgan Stanley Principal Investments have completed their take-private buyout of Chicago-based insurance brokerage Hub International Ltd. for $41.50 per share. The total deal was valued at approximately $1.8 billion, including around $145 million of assumed debt. Hub was advised on the sale by Merrill Lynch.

Apax Partners is interested in buying a controlling stake in Mumbai-based Patni Computer Systems for over $800 million. A report cited sources as saying that two mid-tier Indian IT companies and some private equity funds are also looking at acquiring stakes in the company. Private equity firm General Atlantic is also looking to sell its 16 percent stake in the company.

Audax Group has acquired Lewis-Goetz & Co., a Pittsburgh, Pa.-based distributor of rubber products to the power generation, aggregate, coal mining, steel and general industrial end-markets. No financial terms were disclosed. GE Antares Capital led the leveraged finance syndicate, while Vetus Group advised Lewis-Goetz.

Back Yard Burgers Inc. (Nasdaq: BYBI) has accepted a $6.50 per share buyout offer from an group that includes Pharos Capital Group, Cherokee Advisors and former Sonic and Shoney’s CEO C. Stephen Lynn. The total deal is valued at approximately $38 million, including repayment of outstanding debt, and was the consortium’s fourth buyout attempt. Its three prior offers were rejected. Morgan Keegan & Co. advised Back Yard Burgers on the deal.

Bain Capital Partners and Catterton Partners have completed their $3.2 billion take-private of OSI Restaurant Partners Inc., a restaurant operator whose brands include Outback Steakhouse, Cheeseburger in Paradise, Roy’s and Carrabba’s Italian Grill. OSI stockholders received $41.15 per share.

BCE Inc. said that it has begun talks with a new private equity group about a possible take-private buyout. The group includes Providence Equity Partners and Teachers’ Private Capital. Last month, BCE said it was in talks to sell the company to Cerberus Capital Management and a group of Canadian investors.

Blue Equity has acquired Team Championship International, a Littleton, Colo.-based sports league and tournament organizer. No financial terms were disclosed.

Blue Point Capital Partners has acquired Dispatch Transportation Inc., a Fontana, Calif.-based transportation and logistics company for the Southern California construction market. Comerica Bank provided leveraged financing, but no further deal terms were disclosed.

BNY ConvergEx Group Inc., a New York–based provider of global agency brokerage and investment technology solutions, has agreed to acquire LiquidPoint LLC, a Chicago–based equity options execution and trading technology firm. No financial terms were disclosed. BNY was formed in 2006 by GTCR Golder-Rauner, Bank of New York and Eze Castle software.

Brentwood Associates has acquired a majority interest in Paper Source Inc., a Chicago–based provider of high-end paper products and related items. No financial terms were disclosed.

Brysam Global Partners, a New York-based private equity firm focused on consumer financial services, has invested approximately $230 million for a 28 percent stake in Ixe Grupo Financiero of Mexico.

Cadbury Schweppes confirmed that it is more likely to sell its drinks division than list it as a separate unit. Last month, it was reported that interested suitors include two private equity consortia. One includes Blackstone, KKR and Lion Capital, while the other includes Bain Capital, TPG Capital and Thomas H. Lee Partners.

Cerberus Capital Management has expressed interest in acquiring the non-coal assets of German conglomerate RAG, for approximately $10.6 billion. But the deal might have trouble with German regulators, as an unnamed government source told Reuters that a Cerberus purchase would be blocked.

Clearlake Capital Group has acquired a 9 percent stake in Buy.com, an Aliso Viejo, Calif.-based e-commerce company. No financial terms were disclosed. In other Buy.com news, the company has withdrawn registration for an IPO.

Colony Capital has agreed to acquire a 65 percent stake in European oil refining company Tamoil from the Libyan government, for €2.6 billion. Libya will retain a 35 percent position.

Cooper-Standard Automotive Inc. has agreed to acquire the Metzeler Automotive Profile Systems (MAPS) sealing systems operations in Germany, Italy, Poland and Belgium, from Automotive Sealing Systems SA. No financial terms were disclosed for the deal, which is expected to close next quarter. Cooper-Standard shareholders GS Capital Partners and the Cypress Group will invest new equity in order to help finance the acquisition.

D.E. Shaw & Co. has agreed to acquire Chapel Hill, N.C.-based insurance company James River Group (Nasdaq: JRVR), via a Bermuda-based holding company. The total deal is valued at $575 million in cash, with James River stockholders to receive $34.50 per share in cash.

Diamond Bank PLC, a listed Nigerian bank, has raised $134 million in a private placement led by UK-based private equity firm Actis. The deal gives Actis a 19.1 percent ownership position.

Duke Street Capital has agreed to acquire Oasis Healthcare PLC, a listed U.K. dental services company. The 82 pence-per-share offer would value Oasis at approximately £76.9 million.

European Capital has acquired 33 Miles Ltd., a U.K.-based provider of software to the publishing and financial services sectors. European Capital paid a total of €83 million (including leveraged financing) for a 60 percent stake, while Miles 33’s previous owners and senior management will retain the other 40 percent.

Focus DIY has confirmed that it is in talks with Cerberus Capital Management about a possible sale. Focus DIY is currently owned by Duke Street Capital and Apax Partners.

Hellman & Friedman has closed its $1.8 billion take-private buyout Kronos Inc. (Nasdaq: KRON).

HgCapital has acquired a majority equity stake in UK wind farm developer RidgeWind. No financial terms were disclosed.

Hicks Holdings has acquired a 40 percent stake in SafeMed, a San Diego-based provider of clinical decision support systems. No financial terms were disclosed.

Home Depot has agreed to sell its Home Depot Supply unit for $10.3 billion. The winning bidder was a buyout group comprised of Bain Capital, The Carlyle Group and Clayton Dubilier & Rice. A rival bidding group had included CCMP Capital and Thomas H. Lee Partners.

Hunt Private Equity Group and BB&T Capital Partners has closed its acquisition of Ginsey Industries Inc., a Bellmawr, N.J.-based maker of bath products like juvenile toilet training seats. No financial terms were disclosed.

ICICI Ventures has led a buyout of Radiant Research, a Bellevue, Wash.–based provider of clinical research services for the pharmaceutical, medical device and nutrition markets. No financial terms were disclosed.

Jones Apparel Group (NYSE: JNY) is in advanced talks to sell its Barneys New York department store chain to Istithmar for around $950 million, according to The New York Post. Istithmar is a private equity firm owned by the government of Dubai.

Kachi Partners has acquired Photo Stencil, a Colorado Springs, Colo.-based manufacturer of stencils and other tooling used in the printed circuit board assembly process. No financial terms were disclosed.

LLR Partners and Primus Capital Funds have invested $53 million in Community Education Centers Inc., a Roseland, N.J.–based provider of treatment, education and reentry services for adult correctional populations. Part of the funding will be used to help CEC complete its acquisition of CiviGenics Inc., a correctional services company providing offender treatment and jail management services.

Marlin Equity Partners has acquired Ultra*Pro, a Commerce, Calif.-based manufacturer and marketer of storage products for sports and gaming collectibles, photographs and multi-media products. No financial terms were disclosed.

Mason Wells has acquired Oliver Products Co., a Grand Rapids, Mich.–based provider of packaging solutions to the global medical and prepared foods industries. No financial terms were disclosed. M&I Bank and US Bank provided senior financing for the transaction, while mezzanine and co-investment financing was provided by BMO Private Equity. Oliver Products was advised by Wolverine Capital Partners.

Montagu Private Equity has agreed to acquire Unifeeder AS, operator of the largest feeder network for container transportation in Northern Europe. No financial terms were disclosed.

Novations Group Inc., a Boston-based training and consulting organization, has acquired ProGroup Inc., a Minneapolis-based provider of corporate diversity training. No financial terms were disclosed. Novations was acquired last year by private equity firm MCG Global.

Nu Visions Manufacturing Inc., a portfolio company of Golden Gate Capital, has acquired Veritek Manufacturing Services Inc., a San Marcos, Calif.-based provider of electronic manufacturing services to medical, defense, gaming and industrial customers. No financial terms were disclosed.

Pershing Square Capital Management has come out in opposition to the pending $5.3 billion buyout of Ceridian Corp. (NYSE: CEN) by Thomas H. Lee Partners and Fidelity National Financial. Pershing is Ceridian’s largest shareholder with around a 15 percent stake, and has retained Lazard Freres to seek superior offers. Under the current deal, Ceridian stockholders would receive $36 per share, while Deutsche Bank Securities and Credit Suisse would provide leveraged financing. Ceridian is being advised by Greenhill & Company.

Prospect Mortgage Co., a platform acquisition company of Sterling Capital Partners, has acquired Metrocities Mortgage LLC, a Sherman Oaks, Calif.–based residential mortgage lender. No financial terms were disclosed.

Questex Media Group Inc., a media acquisition platform of Audax Group, has acquired Imaging Network, a Fort Lauderdale, Fla.–based multimedia marketing company focused on the office products channel. No financial terms were disclosed.

RedZone Capital and Six Flags Inc. have acquired television producer Dick Clark Productions Inc. for $175 million. Red Zone will take a 60 percent stake while Six Flags will take the remaining 40 percent.

The Riverside Company has acquired the U.S. power services unit of Baldor Electric for an undisclosed amount.

The Riverside Company has acquired AutomationSolutions, a Beverley, Mass.–based provider of engineered automation solutions for original equipment manufacturers in the Northeastern United States. No financial terms were disclosed, except that Riverside used its Micro-Cap Fund, which focuses on companies with EBITDA of $3 million or less.

TA Associates

has led a $113 million investment in FreeWave Technologies, a Boulder, Colo.-based provider of spread-spectrum and licensed radio products and services.

TAL International Group Inc.

(NYSE: TAL) has retained Citigroup Global Markets to assist in a review of strategic alternatives to enhance shareholder value, including a possible sale, acquisition, merger, recapitalization and adjustment to dividend policy. TAL is a lessor of intermodal freight containers and chassis.

TGF Management Corp. has sponsored a recapitalization of M&M Manufacturing Co., a Fort Worth, Texas-based fabricator of custom sheet metal products, primarily serving the air distribution and ventilation market. No financial terms were disclosed for the deal, which was done in partnership with company management.

TriMark USA Inc., a South Attleboro, Ma.–based distributor of foodservice equipment and supplies, has acquired S.S. Kemp & Co., a Cleveland-based regional provider of food service equipment, supplies and design services. No financial terms were disclosed. TriMark was acquired last November by Audax Group.

Triton Pacific has sponsored a recapitalization of MedKnowledge Group, a provider of medical communications and continuing medical education. No financial terms were disclosed for the deal.

TruckPro Inc., a Memphis, Tenn.–based distributor of aftermarket truck parts, has acquired five stores in Kentucky from Auto Wheel & Rim Service Co. No financial terms were disclosed. Code Hennessy & Simmons acquired TruckPro last year from Cravey Green & Whalen.

Sabre Holdings, an online travel reservations company taken private earlier this year by Silver Lake Partners and TPG, has acquired E-site Marketing, a Bethesda, Md.–based Internet marketing company focused on online business solutions exclusively for the hospitality industry. No financial terms were disclosed.

Sterling Capital Partners and Citigroup Private Equity have completed their $535 million take-private buyout of Educate Inc., a Baltimore–based provider of supplemental education products and services to the pre-K-12 market. Educate stockholders received $8 per share. They included Apollo Management, which held a majority stake in Educate via its position in Sylvan Learning.

Stone Arch Capital has acquired Wholesale Produce Supply Co., a Minneapolis-based produce distributor. The sale price was approximately $50 million.

Summit Partners has acquired a 20 percent position in Vente-Privee.com, a France-based host of online events in which members can purchase high-end consumer products. No financial terms were disclosed.

Summit Partners has acquired a minority stake in LiveOffice, a Torrance, Calif.–based provider of managed messaging security, archiving and compliance solutions. No financial terms were disclosed.

Versatile Processing Inc., a portfolio company of Dorman Industries LLC and Merit Capital Partners, has acquired Dulin Metals Co., a provider of mill processing, toll management and precious metal representation. No financial terms were disclosed. Dulin Metals was advised on the deal by RSM EquiCo Capital Markets.

Virgo Capital has led an acquisition of Accord Human Resources, an Oklahoma City and Tampa, Fla.-based provider of outsourced human resource solutions. No financial terms were disclosed for the deal, which included additional equity from McClendon Venture Co. and Records Private Equity. Fifth Third Bank provided leveraged financing.

Visant Corp. (a.k.a. Jostens), a portfolio company of KKR and DLJ Merchant Banking, has acquired Visual Systems Inc., a Milwaukee–based supplier in the overhead transparency and book component business. No financial terms were disclosed.

The Yucaipa Cos. has acquired an undisclosed stake in U.K. jeweler Stephen Webster Ltd. No financial terms were disclosed.