7 Days Inn Group, a Chinese budget hotel chain, has raised $65 million in new private equity funding. Actis led the round, and was joined by return backer Warburg Pincus.
Abraaj Capital has acquired a majority stake in KES Power, a provider of electricity generation in Karachi, Pakistan. No financial terms were disclosed, although some Pakistani media reports put it at around $400 million.
Accel-KKR has acquired a majority stake in The Endurance International Group Inc., a Burlington, Mass.–based provider of website hosting and online applications and services. No financial terms were disclosed.
Acresso, a portfolio company of Thoma Bravo, has agreed to acquire Intraware Inc. (Nasdaq: ITRA), a provider of digital delivery and management services. The total deal is valued at approximately $27 million, or $4 per share. Savvian managed the process for Intraware.
Aqua-Chem, an Altus Capital Partners-backed osmosis technology and water pretreatment equipment maker, acquired Matrix Utilities Corp., a water purification company. The deal value was undisclosed.
Arbor Investments has acquired a majority stake in Bradshaw International Inc., a Rancho Cucamonga, Calif.–based wholesale distributor and marketer of kitchen and cleaning products. No financial terms were disclosed.
ArcLight Capital Partners and Kelso & Co. are planning a $17 per unit tender offer for all outstanding common units they do not already own of pipeline operator Buckeye GP Holdings LP (NYSE: BGH). The two firms – along with Lehman Brothers – bought a 63 percent stake in Buckeye from Carlyle-Riverstone last year. Lehman Brothers was not mentioned in the announcement.
ARKequity LLC has acquired a minority stake in Integrity Health, a Princeton, N.J.-based health benefits management company. No financial terms were disclosed.
Atalaya Capital Management has received bankruptcy court approval for its acquisition of casual restaurant operator Bennigan’s Franchising Co., which also includes the Tavern and Steak & Ale brands. The deal is expected to close by month’s end.
Atlantic Aqua Farms, a Canadian mussel farmer operating under the name Canadian Cove, has received an undisclosed amount of funding from Encore Consumer Capital. The news was first reported by The Halifax Herald.
Austin Ventures has acquired three companies to launch Port Logistics Group, a Houston, Texas-based platform provider of warehousing, distribution and transportation services in U.S. port cities. No financial terms were disclosed. PLG will be led by Bob Stull, former president and CEO of trucking company Roadway Express.
Austin Ventures has committed up to $75 million in equity capital for the formation of Avron Partners Inc., an acquisition platform focused on the supply chain services market. The effort will be led by Ronald Sorrow, former CEO of both RoadLink USA and CSX Intermodal.
The Blackstone Group has completed its take-private acquisition of home healthcare services company Apria Healthcare Group Inc., for approximately $1.7 billion. Apria stockholders received $21 per share.
Boot Barn Holding Corp., a portfolio company of Marwit Capital, has completed its acquisition of 22 retail stores in Arizona, New Mexico and Nevada from BTWW Retail LP. No financial terms were disclosed. The stores will re-brand to Boot Barn after the holiday season.
Borealis Infrastructure Management has cut its takeover offer for Teranet Income Fund by nearly 7 percent, from C$11 per unit to C$10.25 per unit.
Boscov’s Department Store LLC has extended the bankruptcy-court-supervised sale process of its assets, with a hearing now scheduled for November 5. Earlier this month, the company agreed to sell substantially all its assets to Versa Capital Management.
Brysam Global Partners has agreed to invest around $98 million for an 18.84 percent stake in Columbian bank BCSC. Fundación Social would remain the bank’s largest shareholder with a 71.7 percent stake, while IFC holds the remainder.
Cameron Hughes Wine has raised an undisclosed amount of mezzanine funding from Bacchus Capital Management, a San Francisco-based provider of mezz and equity capital to wineries and wine businesses.
Carousel Capital has acquired both Driven Brands Inc. and Maaco Franchising Inc. for an undisclosed amount. Senior debt financing was provided by GE Antares, CapitalSource Finance, Golub Capital and Wachovia, while Gleacher Mezzanine and Allied Capital provided subordinated debt. Driven Brands is the parent company of Meineke Car Care Centers, Econo Lube N’ Tune, AutoQual, Aero Colours, Drive N Style and Tortal.net. Maaco provides franchised auto body repair and painting.
Centre Partners has amended its acquisition agreement with Canadian food-maker Connors Bros. Income Fund, in order to increase the certainty of close.
Chevron Mining Inc. has completed the sale of its Mountain Pass rare earth mining operations to an acquisition company formed by Pegasus Partners, Goldman Sachs, Traxys North America and Carint Group. No financial terms were disclosed. The Englewood, Colo.-based company has been renamed Molycorp Minerals LLC.
Citi Infrastructure Investors and the Vancouver Airport Authority are planning a £2 billion ($3.2billion) bid for London’s Gatwick Airport, according to The Sunday Times.
Confie Seguros, an acquisition platform focused on insurance brokerages, has acquired San Antonio-based auto insurance brokerage Alamo Auto Insurance. No financial terms were disclosed. Confie Seguros was formed earlier this year by Genstar Capital.
Corinthian Capital Group has acquired Precision Motors Transport Group, an Okemos, Mich.-based provider of transport services for European luxury cars throughout the United States. No financial terms were disclosed. Allegiance Capital Corp. advised PMTG on the sale.
CVC Capital Partners has teamed with Swiss Re to bid for a majority stake in Royal Bank of Scotland’s UK insurance assets. The offer is expected to be worth more than £3 billion, for a 51 percent stake.
Deutsche Bank, Lloyds TSB and BNP Paribas have agreed to purchase Porterbrook, the train leasing arm of the UK bank Abbey, for $3.1 billion (2 billion pounds).
Duke Street has completed its acquisition of Biomnis, a medical disgnostics provider based in France, for 217 million euros. Duke Street is a London and Paris-based mid-market buyout firm.
EDP Investment Holdings, an acquisition platform focused on the hospital-based physician staffing and management sector, has acquired EDCare Management Inc., a Fort Lauderdale, Fla.-based provider of emergency department and hospitalist staffing and management services. No financial terms were disclosed. EDP is sponsored by Beecken Petty O’Keefe & Co.
Francisco Partners, a San Francisco-based buyout firm, has agreed to purchase API Software, a Wisconsin-based labor management software company serving the health care industry, for an undisclosed price. The deal is expected to close in 30 days.
Gatehouse Ventures has acquired Brooklyn, N.Y.-based Sunrise Bakery for an undisclosed amount. The firm previously acquired Delaware-based Amalfitano’s Italian Bakery baked goods distribution company The Total Bakery Source.
General Growth Properties Inc. (NYSE: GGP), the second-largest U.S. shopping mall owner, is seeking to sell up to $2 billion in preferred shares to private equity and other investors, according to The Wall Street Journal. Goldman Sachs is running the process.
General Motors has retained Merrill Lynch to help it explore a sale of its ACDelco auto parts business.
Goldman Sachs has purchased an undisclosed equity stake in Blue Source LLC, a Salt Lake City–based aggregator of greenhouse gas emission reduction offsets, as part of a larger strategic partnership. First Reserve Corp. acquired a 50 percent stake in Blue Source back in 2006, and Och-Ziff Capital Management has also invested.
Graphite Capital has backed the management of existing portfolio company Optimum Care, in a new U.K.-based elderly care venture called Willowbrook Healthcare. Graphite is investing £23 million, and has helped secure £30 million in leveraged financing.
GTCR has committed up to $200 million in equity capital for the creation of ExcelusHR, a St. Peterserg, Fla.-based acquisition platform focused on the human resources information and services industry. The company will be led by John Long, former CEO of First Advantage Corp. (Nasdaq: FADV).
H.I.G. Capital has acquired Petroferm Inc., a Gurnee, Ill.-based specialty chemicals company focused on surfactants, formulations and services for industrial and consumer products. No financial terms were disclosed.
Icicle Seafoods Inc., a seafood harvesting and processing company, has acquired the M/V Stellar Sea, a 315-foot processing vessel, currently equipped to process crab, salmon, herring and cod. No financial terms were disclosed. Icicle Seafood is owned by Paine & Partners.
J.W. Childs has acquired Refrigerator Manufacturers Inc., a Santa Fe Springs, Calif.-based provider of large cooler and freezer rooms for major U.S. entertainment destination facilities. No financial terms were disclosed for the deal, which was a restructuring prompted by RMI’s former parent sought creditor protection.
JHT Holdings, the bankrupt transport services company backed by Stonehouse Capital, has emerged from Chapter 11 bankruptcy protection four months after its filing.
Jupitermedia Corp. (Nasdaq: JUPM) has agreed to sell its online images business to Getty Images Inc. for $96 million in cash. Hellman & Friedman took Getty private earlier this year for $2.3 billion.
Lakeside Energy, an energy-focused private equity firm, has committed $150 million in equity to support the growth of InenTec, a Bend, Ore.-based energy company. The investment will launch InEnTec Chemical, a joint venture deal that aims to convert chemical waste.
Laredo Energy IV LP has raised $55 million to acquire, explore and develop natural gas resources in the Lobo Trend of South Texas. Avista Capital Partners led the deal, and was joined by existing shareholders like EnCap Investments.
Legends Hospitality Management LLC, a Newark, N.J.-based provider of sports business services, has been formed by The New York Yankees, the Dallas Cowboys, Goldman Sachs and CIC Partners. No financial terms were disclosed. Legends will be led by Michael Rawlings, former president of Pizza Hut.
Lewis-Goetz Inc., a portfolio company of Audax Group, has acquired G&H Pumps and Compressors Inc., a Bossier City, La.-based provider of pump repair and hydraulic services for onshore oil and gas drillers. No financial terms were disclosed.
Miura Private Equity has agreed to acquire a majority stake in Atrezzo Group, a Spanish provider of mannequins and accessories to fashion chains. The deal includes a €30 million equity commitment from Miura over the next two years.
MTS Health Investors has acquired DNA Diagnostics Center Inc., a Fairfield, Ohio-based DNA testing lab. No financial terms were disclosed. The seller was company founder Richard Lee.
National Interest Security Co. LLC, a portfolio company of DC Capital Partners, has acquired Multi-Threaded Inc., a Herndon, Va.-based provider of technology products and services to the intelligence community and U.S. Department of Defense. No financial terms were disclosed.
Pala Investment Holdings has agreed to acquire a majority stake in Dumas Contracting Ltd., a Canadian mining contractor. No financial terms were disclosed.
Pala Investment Holdings was told by South African regulators that it must amend its $85.7 million buyout offer for Rockwell Diamonds Inc. (TSX: RDI), if it wants approval. The regulators said that Pala’s existing bid does not “properly consider the rights of option holders and warrant holders.”
PetrolInvest, a publicly-traded oil exploration group, is in talks with private equity firms to sell up to $250 million worth of new shares. The capital would be used for drilling in Kazakhstan.
Platinum Equity is in talks to acquire a 40 percent stake in the Arena Football League for approximately $100 million, according to The Sports Business Journal.
PNC Equity Partners has acquired The Orthotic Group Inc., a Markham, Ontario-based maker and distributor of prescription orthotics, orthotic footwear and gait analysis equipment to healthcare professionals. No pricing terms were disclosed. Bank of Montreal provided senior debt, while MTN Capital Partners and Orthotic Group management participated alongside PNC on the equity tranche.
Providence Equity Partners has received Indian government approval for its $640 million purchase of Aditya Birla Telecom Ltd., a unit of mobile operator Idea Cellular. ABTL owns telecom licenses in the Eastern states of Jharkhand and Bihar.
Ripplewood Holdings was picked as the favored bidder to buy South Korea’s Daewoo Electronics, beating out Russian investors and Diligent Systems.
Sterling Investment Partners has acquired FCX Performance Inc., a Columbus, Ohio-based provider of process flow control products. No financial terms were disclosed.
Summer Street Capital Partners has acquired Tulsa Welding School, the nation’s largest accredited private welding school. No financial terms were disclosed, except that HSBC Capital and company management also provided equity for the transaction.
The Riverside Co. has acquired UV-Vis Metrolab SA, an Argentina-based maker of automated clinical chemistry analyzers for the human medical market. No financial terms were disclosed.
Tonka Bay Equity Partners has completed a dividend recapitalization of portfolio company All-Flex AVT Holdings LLC, a Northfield, Minn.-based flexible circuit manufacturer. No financial terms were disclosed, except that Marshall & Ilsley provided capital.
TPG Capital and Global Infrastructure Partners may be restarting conversations with Asciano Ltd. (AX: AIO), the Australian port and rail operator that in August rejected an A$2.9 billion buyout offer from the two firms. That bid was valued at A$4.40 per share, whereas Asciano’s stock has since dropped below A$3 per share.
TPG Capital is leading a $1.28 billion bid for a 35 percent stake in Indonesian coal miner Bumi Resources, according to a local media report. The bid would value Bumi lower than its closing price on October 6, which is when trading was suspended.
Wellman Inc. (OTC BB: WMAN) has sold its Engineering Resins business to J.H. Whitney & Co. and group management. No financial terms were disclosed. The new company will be known as Wellman Plastics Recycling, and will operator out of Johnsonville, South Carolina.
Windjammer Capital Investors has made a $25 million follow-on investment in BBB Industries, a Mobile, Ala.–based supplier of remanufactured and new starters and alternators for the vehicle aftermarket. Windjammer had originally sponsored a recapitalization of BBB Industries in June 2007.
Wohler Technologies Inc., a Hayward, Calif.-based provider of in-rack audio and video monitoring solutions, has acquired Europa Australia, a provider of high-end solutions to the broadcast industry. No financial terms were disclosed. Wohler Technologies is a portfolio company of Hanover Partners.