Accel-KKR has completed its $40.82 million acquisition of the assets and liabilities of customer service software provider KANA Software Inc.AdvancedMD Software Inc., a Salt Lake City-based provider of Web-based medical practice management solutions, has acquired PracticeOne, a provider of electronic health record software. No financial terms were disclosed. AdvancedMD is owned by Francisco Partners.
American Eagle Mortgage, a Loraine, Ohio-based mortgage lender backed by Evolution Capital Partners, has acquired the assets of Real Estate Mortgage Corp. for an undisclosed amount. REMC operates in three Greater Cleveland marketplaces: Rocky River, Beachwood and Twinsburg.
Bain Capital has completed its $1.1 billion buyout of Japanese call center operator Bellsystem24, from Citigroup.
Bain Capital has agreed to invest to up $124 million into Himadri Chemicals & Industries Ltd., an Indian maker of coal tar pitch and other carbon products. The deal would give Bain a maximum ownership stake of just over 36 percent. This is Bain’s first investment in India since opening an advisory office in Mumbai in 2008.
Bay Grove Capital has acquired Cityice Cold Storage, a Seattle-based provider of cold storage warehouse services. No pricing terms were disclosed for the deal, which was financed by Chase Commercial Banking. Cityice will operate under the West Coast Cold LLC holding company, which also oversees Bay Grove portfolio company Seafreeze Cold Storage.
BB&T Capital Partners has acquired Jones & Frank Corp., a Norfolk, Va.-based provider of petroleum equipment and services on the East Coast. No financial terms were disclosed. Parkway Capital Investors co-invested on the equity, while Parkway and SunTrust Bank provided leveraged financing. Matrix Capital Group managed the sale process.
Bedford Funding has acquired Peopleclick, a Raleigh, N.C.-based provider of talent acquisition and workforce compliance and diversity, for approximately $100 million. Peopleclick will be merged with existing Bedford Funding portfolio company Authoria.
Black Diamond Capital Management has been named the successful bidder for the assets of PTC Alliance, a Wexford, Pa.-based maker of steel tubing and rods that filed for Chapter 11 bankruptcy earlier this year.
Blackstone Group reportedly has been approached by Virgin Money to jointly bid for state-owned U.K. bank Northern Rock.
Blackstone Group reportedly has purchased debt in Highland Hospitality Corp. from Wachovia Corp., and is aiming to control the hotel owner’s restructuring. JER Partners bought Highland for $2.1 billion in 2007.
Boyd Casinos made a nonbinding proposal for bankrupt Station Casinos of $2.45 billion in cash and assumed debt. Station Casinos, which operates casinos aimed toward Las Vegas residents rather than tourists, filed for Chapter 11 bankruptcy in July. Station was taken private in a $5.4 billion deal in 2007 by its founding family, the Fertittas, and Los Angeles-based private equity firm Colony Capital.
Bridgepoint has set Jan. 25 as the deadline for second-round bids on U.K. retailer Pets at Home, according to Dow Jones. The four remaining suitors are Apax Partners, Bain Capital, KKR and TPG. Bridgepoint hopes to garner at least £700 million from the sale.
Calera Capital has acquired a majority stake in Rock-It-Cargo LLC, a Philadelphia-based provider of specialty freight forwarding and logistics services. No pricing terms for the all-equity deal were disclosed.
Caravelle has made an offer to acquire the French parcel business of Deutsche Post, which is hoping to offload the unit by the end of March. No financial terms were disclosed, but reports suggest a range of between $200 million and $300 million.
Carlyle Group has acquired a 63.6 percent stake in CVC Tourismo, Brazil’s largest tourism agency, for an undisclosed amount.
Centerplate, a Stamford, Conn.-based concessions company owned by Kohlberg & Co., has completed its acquisition of smaller rival Boston Culinary Group Inc. No financial terms were disclosed, except that the deal is worth less than the $210 million Kohlberg paid for Centerplate last January.
China Medicine Corp. (OTC BB: CHME), a medicine and neutraceutical distributor, has agreed to sell $69.6 million worth of common shares and redeemable convertible preferred shares to One Equity Partners. The PIPE represents OEP’s first investment in Greater China.
CI Capital Partners has acquired Transplace, a provider of non-asset-based third party logistics and transportation management services. No financial terms were disclosed. Transplace was founded in 2000 by six U.S. freight carriers, and was expected in 2009 to generate more than $700 million in revenue from approximately 650 customers.
Clear Channel said that its outdoor unit completed a $2.5 billion high-yield debt sale, with proceeds used to repay debt owned by Clear Channel. The radio operator was bought in 2008 for $17.9 billion by Bain Capital and THL Partners.
ConvergeOne LLC, a Coatesville, Pa.-based IP telephony and convergence company, has acquired Eatontown, N.J.-based Empire Technologies. No financial terms were disclosed. Genstar Capital acquired ConvergeOne in 2007.
Diamond Castle Holdings is in discussions to acquire Suture Express Holdings from Linden LLC and Code Hennessy & Simmons. The transaction was recently granted early termination of the HSR waiting period by the FTC. Suture Express is a Lexena, Kansas-based distributor of sutures, endo-mechanical products and other disposable medical/surgical products.
Excellere Partners has completed its acquisition of MTS Medication Technologies Inc. (Nasdaq: MTSI), a provider of medication adherence packaging systems. The deal was valued at approximately $37 million, or $5.75 per share. Raymond James & Associates served as MTS’s financial advisor.
Ferrero, the Italian confectioner, has met with private equity firms as well as Hershey Co. to discuss a possible bid for Britain’s Cadbury Plc., according to Il Sole 24 Ore.
First Reserve Corp. has agreed to lead a $2.2 billion investment into Swiss commodities trader Glencore International AG, according to The Wall Street Journal. The deal likely would be structured as a convertible preferred security, with First Reserve investing around $1 billion and the rest coming from a consortium of mutual funds and other energy-focused funds.
FXall, a U.K.-based institutional multi-bank electronic foreign exchange platform, has agreed to buy LavaFx from Citi. No financial terms were disclosed. FXall is backed by Technology Crossover Ventures.
Gala Coral, a U.K. gaming group owned by Candover, Cinven and Permira, has asked for three waivers from senior debt holders. This includes a request by the debt-laden company to delay in publishing its annual report.
Genband, a Plano, Texas-based provider of IP infrastructure solutions, has agreed to buy most of the assets of Nortel Networks‘ carrier VoIP and applications solutions businesses, for approximately $282 million. Genband is being backed on the deal by existing shareholder One Equity Partners.
Global Equity Capital has agreed to buy Halifax Corp. of Virginia (Pink Sheets: HALX), a provider of enterprise logistics and maintenance solutions, for $1.20 per share.
Goldman Sachs Capital Partners has agreed to acquire a 9.4 percent stake in Indian insurance and health care conglomerate Max India (BO: MAXI), for a rupee equivalent of around $115 million.
Guardian Capital Partners has acquired Sure Fit Inc., a New York-based maker of slipcovers and related accessories. Argosy Private Equity and existing Sure Fit senior lender Wells Fargo Business Credit provided additional financing. No pricing terms were disclosed.
Gulf Marine Maintenance and Offshore Service Co. (GMMOS), a UAE-based provider of marine services to the offshore oil and gas industry, has acquired Minnow Marine Projects Ltd., an owner of an offshore support vessel fleet that includes four platform supply vessels and six multirole utility vessels valued in excess of $200 million. GMMOS is backed by Abraaj Capital and Waha Capital.
Henry Schein Inc. (Nasdaq: HSIC) has completed the merger of its U.S. animal health business with Butler Animal Health Supply, a portfolio company of Oak Hill Capital Partners and The Ashkin Family Group. The combined animal health distribution company has been renamed Butler Schein Animal Health, and would have had around $850 million in revenue over the past 12 months. Henry Schein holds a 50.1 percent stake in the newly formed entity, with Butler owners holding t he other 49.9 percent.
H.I.G. Capital has acquired a majority stake in Surgery Partners Holdings LLC, a Tampa, Fla.-based operator of ambulatory surgical centers. No financial terms were disclosed.
iCrossing, a U.S. digital-marketing firm, has hired Bank of America and is holding talks with potential suitors after it received an unsolicited bid from publisher Hearst Corp., The Wall Street Journal reported. The company’s board decided Hearst’s offer was too low and decided to court other potential buyers. Possible acquirers, according to WSJ, include advertising firm WPP Plc, Japanese advertising agency Dentsu Inc., and Aegis Media, an Aegis Group Plc unit. iCrossing is backed by Goldman Sachs Group (GS.N) and Oak Investment Partners.
Intergraph, a provider of enterprise engineering software to the process, power and marine industries, has acquired Coade Inc., a Houston, Texas-based provider of plant design and engineering software for the process industries. No financial terms were disclosed. Intergraph was taken private in 2006 by Hellman & Friedman and TPG. Coade sold a majority stake in 2007 to Insight Venture Partners.
Iron Data, an Atlanta-based portfolio company of Thompson Street Capital Partners, has acquired Versa Systems, a Toronto-based provider of regulatory software for North American government agencies. No financial terms were disclosed.
The Jordan Co. announced that it has acquired a 75 percent stake in Zest Anchors, an Escondido, Calif.-based manufacturer of dental attachments. No financial terms were disclosed. peHUB previously reported on the deal.
Lantiq, a portfolio company of Golden Gate Capital, has acquired the WLAN assets and IP of Israel’s Metalink Ltd. The deal is worth $16.9 million, including an $8.9 million initial payment and up to $8 million in possible earn-outs.
LoanDepot, an Irvine, Calif.-based online provider of consumer direct mortgage origination, has raised an undisclosed amount of growth equity funding from Parthenon Capital Partners. Company CEO Anthony Hsieh co-invested alongside Parthenon.
Local Media of America, a portfolio company of Thoma Bravo, has acquired Finest City Broadcasting, operator of three radio stations in the San Diego market. No financial terms were disclosed.
Lyceum Capital has acquired a majority stake in McKinnon and Clarke, a Scotland-based energy procurement and compliance consultant. The deal gives M&C and enterprise value of £22 million.
Marlin Equity Partners has acquired Liquent Inc., a provider of software and services to support the regulatory activities of life sciences companies. The seller was Thomson Reuters (publisher of Buyouts). No financial terms were disclosed.
Metall Technologie, a maker of heat treatment industrial furnaces for the European market, has formed a joint venture with China’s Shanghai Huisen Industrial Furnaces Company Ltd. Metall Technologie, a portfolio company of European Capital Ltd., will hold a 70 percent stake in the joint venture. No financial terms were disclosed.
Metalmark Capital has provided an undisclosed amount of equity capital to Jones Energy, a Texas-based oil and gas company, to support its purchase of bankrupt Crusader Energy Group LLC. Wells Fargo Securities arranged debt financing.
Paul Capital Healthcare has agreed to invest up to $100 million into Phase III Development Co., a company recently formed to assist in the management and funding of clinical trials in the European Union.
Pemco World Air Services, a Dothan, Ala.-based provider of aircraft MRO services, has agreed to acquire the 757 cargo conversion operations and assets of Alcoa-SIE Conversions LLC. No financial terms were disclosed. Pemco World is a portfolio company of Sun Capital Partners.
Pfingsten Partners has acquired Motus3 Cos, an Overland Park, Kansas-based maker of food processing equipment under the brand names Marlen and Carruthers. No financial terms were disclosed for the deal, which closed on Dec. 31.
Platinum Equity has won the majority of assets of Genmar Holdings Inc., a Minneapolis-based boat manufacturer, via a bankruptcy auction. Platinum will pay $70 million.
Providence Equity Partners reportedly has teamed with Chinese search engine Baidu to create an online video channel in China, which would launch later this quarter. No financial terms were disclosed. Providence is an investor in U.S. video viewing site Hulu.
Rockbridge Growth Equity has acquired Protect America Inc., a Texas-based provider of self-installed monitored alarm systems. No pricing terms were disclosed. Falcon Investments provided an equity co-investment, while CapitalSource led the senior financing that also included of America Merrill Lynch and Goldman Sachs. Imperial Capital and Rooney & Associates represented Protect America on the sale.
Sentinel Capital Partners has acquired Massage Envy LLC, a Scottsdale, Ariz.-based provider of therapeutic massage services. No financial terms were disclosed.
Service Net Warranty LLC, a Jeffersonville, Ind.-based portfolio company of H.I.G. Capital, has agreed to acquire the assets of Equiguard Inc., a Westmont, Ill.-based provider of warranty programs to the heating, ventilation and air-conditioning markets. No financial terms were disclosed for the deal.
Siemens AG has short-listed five private equity firms and one strategic as potential buyers of its hearing aid unit, which is believed to be worth just under €2 billion. The PE firms are Bain Capital, Cinven, Hellman & Friedman, KKR and Permira.
Simmons Bedding Corp. has received bankruptcy court approval for its takeover by affiliates of Ares Management and Teachers’ Private Capital.
Solta Medical Inc. (Nasdaq: SLTM), a maker of anti-aging medical aesthetics, has agreed to raise $17.2 million via a PIPE financing, co-led by Great Point Partners and existing shareholder Longitude Capital.
Standard Chartered Private Equity has agreed to invest $22.3 million into Sangle Solar Energy Co. Ltd., a Chinese maker of branded solar water heaters.
Syncreon, an Auburn Hills, Mich.-based contract logistics and supply chain management company, has acquired NAL Worldwide Holdings Inc., an Addison, Ill.-based provider of third-party logistics and supply chain services to the telecom, retail, tech and health care sectors. No financial terms were disclosed. Synecron is a portfolio company of GenNx360 Capital Partners, while NAL had been owned by Lake Capital.
Teachers’ Private Capital has agreed to buy the Canadian mortgage insurance business of AIG, which has assets of C$274 million. No financial terms were disclosed.
TeamHealth, a Knoxville, Tenn.-based provider of outsourced health care professional staffing and administrative services to hospitals and other health care providers, has acquired Anesthetix Management LLC, a Palm Beach Gardens, Fla.-based provider of anesthesiology and pain management services. No financial terms were disclosed. TeamHealth is owned by The Blackstone Group, and is in registration for a $100 million IPO. Anesthetix Management raised private equity funding in 2006 from Summit Partners.
Thoma Bravo has agreed to acquire AMICAS Inc. (Nasdaq: AMCS), a Boston-based provider of image and information management solutions. The deal is valued at approximately $217 million, with AMICAS stockholders to receive $5.35 per share (a 21 percent premium to its final closing price before the deal was announced). Raymond James & Associates is serving as financial advisor to AMICAS, which may solicit alternative proposals until mid-February.
TPG has denied a report that it was in talks to acquire U.K. engineering group Tompkins (LSE: TOMK).
Univita Health, a platform portfolio company of Genstar Capital, has acquired Atenda Healthcare Solutions, a Floridian provider of home health care benefit management services. No financial terms were disclosed. Genstar formed Univita last year via the acquisition of Long Term Care Group, an Eden Prairie, Minn.-based provider of outsourced services to the long term care insurance industry and the geriatric care market.
Webster Capital and Sorenson Capital have acquired ReBath, a Tempe, Ariz.-based franchisor of residential bathroom remodeling services. Fifth Street Capital provided leveraged financing. No pricing terms were disclosed.
WireCo WorldGroup, a wire rope maker owned by Paine & Partners, has acquired Phillystran Inc., a Montgomeryville, Penn.-based high tenacity fiber ropes, strands, braids and strength members. No financial terms were disclosed.
York Label, an Omaha, Neb.-based provider of labeling and packaging solutions to the consumer products, has acquired Southern Atlantic Label, a Chesapeake, Va.-based labeling company focused on the food packaging sector. No financial terms were disclosed, except that the deal was financed via an additional investment from existing York Label sponsor Diamond Castle Holdings.