American Industrial Partners has completed its buyout of the motor home business of Fleetwood Enterprises Inc. (OTC BB: FLTWQ). The deal was valued at $33.2 million, including certain assumed liabilities. Greenhill & Co. ran the sale process. Fleetwood shareholders include Tennenbaum Capital Partners.
Anthony International, a Sylmar, Calif.-based portfolio company of Aurora Capital Group, has agreed to acquire VAL SpA, a European maker of curved tempered glass and refrigerator doors. No financial terms were disclosed.
Apax Partners has agreed to acquire Bankrate Inc. (Nasdaq: RATE), operator of Bankrate.com and other personal finance Web sites, for $571 million. Bankrate stockholders would receive $28.50 per share. Bankrate was advised by Allen & Co.
Applus, a Barcelona-based provider of inspection, certification, testing and technology services, has acquired Technico, a Canadian provider of non-destructive testing and inspections on the Canadian Atlantic seaboard. No financial terms were disclosed. The Carlyle Group and Caixa Catalunya acquired Applus in 2007 for €1.48 billion ($2.08 billion).
Ascension Insurance Inc., a Kansas City-based insurance and employee benefits agency focused on mid-market companies nationwide, has acquired Haas & Dodd Insurance of Atlanta. No financial terms were disclosed. Ascension Insurance is a portfolio company of Parthenon Capital and Century Capital Management.
Avaya Inc., a portfolio company of Silver Lake Partners and TPG, has agreed to acquire the enterprise solutions business of bankrupt Nortel Networks. The “stalking horse” bid is valued at $475 million.
Bain Capital is in exclusive talks to buy a minority stake in Beijing Outsell Health Product Development Co Ltd., a Chinese tea maker. The deal would be worth around $50 million. Also Bain Capital and Chinatrust are in talks to launch a joint bid for AIG’s Taiwan insurance unit Nan Shan.
Celeritas Management, a sports management platform sponsored by Palladium Equity Partners, has acquired a majority stake in ANC Sports Enterprises, a provider of sports team and venue services. No financial terms were disclosed.
Cerberus Capital Management has become majority shareholder of Alpha Media, publisher of Maxim magazine, via a debt-for-equity swap. Quadrangle Group had bought Alpha for around $250 million in 2007, but had previously written off its investment.
Cinven and Candover have received revised bids for Springer Science and Business Media, after second-round offers came in lower than expected. The sellers are seeking €500 million for a 49 percent stake in Springer, a German academic publisher. Bidders include TPG, EQT Partners and a pairing of The Carlyle Group with Providence Equity Partners.
CITIC Private Equity is part of a consortium that has agreed to buy a 10 percent stake in a flagship unit of China UnionPay, a card payments service provider that plans to go public next year.
Cox Communications is auctioning off The Travel Channel, with Goldman Sachs managing the process. The sale is expected to generate between $600 million and $1 billion.
CrossHarbor Capital Partners has completed its acquisition of the equity interests in the Yellowstone Club, a Big Sky, Mont.-based ski and golf resort.
CVC Capital Partners has offered to buy U.K. bus and rail company National Express (LSE: NEX), in an all-cash takeover. It is working with the Cosmen family of Spain, which is a major National Express shareholder.
Delphi Corp., a bankrupt auto parts supplier, said that it will support a buyout bid from a group of its debtor-in-possession lenders, rather than from private equity firm Platinum Equity. General Motors also prefers the lenders.
Diamond Castle Holdings has invested an undisclosed amount into Beacon Health Strategies, a Woburn, Mass.-based provider of behavioral healthcare management.
Dresser Inc., a Dallas-based provider of products and services for energy industry and infrastructure applications, has acquired iMeter, a Dutch maker of rotary and turbine gas meters, meter instrumentation and meter calibration systems for the natural gas industry. No financial terms were disclosed. Dresser is majority-owned by Riverstone Holdings.
Emerging Capital Partners has acquired control positions in two North African construction companies: Shoresal and Almes. The total equity investment was $26.2 million.
Ericsson has won an auction for the wireless assets of bankrupt Nortel Networks Corp., with a $1.13 billion bid. Nokia Siemens had put in a $650 million “stalking horse” bid, while MatlinPatterson had bid $750 million.
Global Infrastructure Partners is partnering with El Paso Corp. to build and operate a 675-mile natural gas pipeline that will run from the Rocky Mountain region to West Coast. GIP has committed $700 million to the project.
Golden Gate Capital won the auction for Eddie Bauer Holdings, the bankrupt outdoor apparel retailer, with a $286 million cash bid. The San Francisco-based firm also agreed to keep open most of the company’s 370 stores. Eddie Bauer filed for Chapter 11 bankruptcy protection on June 17 with a plan to sell its assets to CCMP Capital for $202 million.
The Great Atlantic & Pacific Tea Company (NYSE: GAP) has raised $175 million in PIPE funding from existing shareholders The Yucaipa Cos. ($115 million) and Tengelmann Warenhandelsgesellschaft KG ($60 million). Tengelmann now holds a 38.6 percent stake, while Yucaipa holds 27.6 percent.
Hephaestus Holdings Inc., an auto parts maker backed by KPS Capital Partners, has offered to buy bankrupt Metaldyne Corp.‘s powertrain unit for $78 million in cash. RHJ International, an affiliate of Ripplewood Holdings, had previously offered $75 million, which included a $50 million note.
Integra Telecom Inc., a Portland, Ore.-based competitive local exchange carrier, has agreed to a debt restructuring that would give its lenders an undisclosed equity stake. This would mean dilution for existing shareholders Warburg Pincus, Nautic Partners, BA Capital Investors, Boston Ventures and GE Equity.
Kohlberg Kravis Roberts & Co. reportedly is leading a consortium that is in talks to acquire around a 30 percent stake in International Far Eastern Leasing Co., a Chinese lender to small and mid-sized businesses. Also, KKR completed its $1.8 billion acquisition of South Korea’s Oriental Brewery Co. from Anheuser-Busch InBev NV. The deal includes $800 million in equity, of which half will be purchased from KKR by Affinity Equity Partners.
LaborMed Pharma, a Romanian provider of generic and cardiovascular medicines, has agreed to acquire the brand and portfolio of OTC drugmaker Ozone Laboratorie. No financial terms were disclosed. Advent International bought LaborMed last year.
Ladder Capital Finance, a New York-based specialty finance company focused on the commercial real estate industry, agreed to acquire Florida community bank FirstCity Bank of Commerce. The purchase price is $8.15 per share, although the total is unknown because FirstCity is private. Ladder Capital was formed last last year with approximately $1 billion in equity and debt capital, co-led by GI Partners and Towerbrook Capital Partners. It recently filed for a $400 million IPO.
Lazard Ltd. has acquired The Edgewater Funds, a Chicago-based private equity firm focused on the middle markets. No financial terms were disclosed. Edgewater Funds was in the midst of raising $750 million for a new growth capital fund, and has over $1 billion in capital under management.
MG Rights Management, the music rights venture recently formed by Bertelsmann and KKR, has acquired the Crosstown Songs America catalog. No financial terms were disclosed for the deal, although Reuters puts the figure at around $70 million. The catalog includes such tracks as “Who Let the Dogs Out” and “Livin La Vida Loca.”
North Bridge Growth Equity and WestView Capital Partners have invested invested $55 million in RuffaloCODY, a Cedar Rapids, Iowa-based provider of fundraising and enrollment management software. Part of the money will be used for working capital, while some will be used to buy out existing RuffaloCODY shareholder AAVIN.
Nycomed AS , a Danish drug company, and an unnamed Japanese drug company are in talks to buy Solvay’s pharmaceuticals unit. The deal could be worth upwards of €5 billion. Nordic Capital holds a 51 percent stake in Nycomed, with other shareholders including DLJ Merchant Banking Partners, The Blackstone Group and AlpInvest.
Paperworks Industries, a paper mill owner backed by Sun Capital Partners, has agreed to acquire The Specialized Packaging Group. No financial terms were disclosed, although the combined company reportedly will have annual revenue of $350 million.
Physicians Interactive, a portfolio company of Perseus LLC, has acquired Skyscape Inc., a mobile and online provider of specialty medical information. No financial terms were disclosed.
Pilot Travel Centers has agreed to acquire the fuel-stop business of bankrupt oil company Flying J. As part of the deal, Pilot Travel would provide Flying J with $100 million in debtor-in-possession financing. CVC Capital Partners last year acquired a 47.5 percent stake in Flying J, while Pilot Corp. holds the remainder.
Procter & Gamble reportedly is shopping its prescription drug business, in a deal that could be worth $3 billion. Interested suitors include Cerberus Capital Management and specialty drugmaker Warner Chilcott.
Rowmark, a portfolio company of Clearview Capital, has acquired the engravable products division of Delmar Products Inc. No financial terms were disclosed.
SigmaBleyzer has acquired Jus-Made LP, a Dallas-based beverage maker. No financial terms were disclosed. The seller was the family of company founder Lamar Dial, a co-creator of Orange Julius and a member of the development team that eventually created the 7-Eleven Slurpee. The Dial family will retain a minority ownership stake.
Silver Lake Partners is considering a buyout offer for Tandberg, a Norwegian maker of video conferencing systems, according to the Wall Street Journal. The deal could be valued at more than $2 billion.
TGV Partners and Wild Communications have acquired Horton Archery, a Tallmadge, Ohio-based maker of crossbows and other archery equipment. No financial terms were disclosed.
Vertellus Specialties, an Indianapolis-based specialty chemical maker,has acquired certain assets of Degen Oil & Chemical Co., a Jersey City, N.J.-based provider of blown vegetable oils and fish oils, derivatives and specialty alkyds for the coatings and inks industries. No financial terms were disclosed. Vertellus is a portfolio company of Wind Point Partners.
Vertex Capital has acquired Small World Toys, a Carson, Calif,-based specialty toy maker. No financial terms were disclosed for the deal, which was done in partnership with company management.
Vista Equity Partners has completed its $160 million take-private acquisition of SumTotal Systems Inc., a Mountain View, Calif.-based provider of talent development software. SumTotal stockholders received $4.85 per share.
Wabash International Corp. (NYSE: WNC) has received a $35 million investment from Lincolnshire Management. Were Lincolnshire to exercise all the included warrants, the deal would give it a 44.2 percent ownership position. Wabash is a Lafayette, Ind.-based maker of semi-trailers for the North American market.
Water Street Healthcare Partners has acquired the Pharmaceutical Development unit of AAIPharma Inc. The company will be called AAIPharma Services Corp., and will retain its Wilmington, N.C. headquarters. The deal is valued at $75 million, including expansion capital commitments. No purchase price was disclosed.
Webster Financial Corp. (NYSE: WBS) hasagreed to sell $115 million worth of newly-issued common stock to Warburg Pincus. The deal will give Warburg a 5.9 percent pro forma ownership stake, which would rise to 15.2 percent once certain shareholder approvals are obtained. Warburg Pincus managing director David Coulter will join the Webster Financial board of directors.
Wynnchurch Capital has completed its acquisition of Sencorp, the parent company of Cincinnati-based toolmaker Senco Products. The deal was valued at $41 million.