Deals

Advanced Circuits, a portfolio company of Compass Diversified Holdings, has acquired Circuit Express Inc., a Tempe, Ariz.-based prototype and low-volume manufacturer of rigid printed circuit boards. No financial terms were disclosed.

Apax Partners is in talks to acquire video conferencing company Polycom Inc. (Nasdaq: PLCM) for more than $3 billion, according to The Financial Times. The formal offer would be at around $37 per share, and could come within the next two weeks.

Apollo Management, Blackstone Group and Colony Capital reportedly have expressed interest in acquiring WestLB’s real estate finance unit.

Apollo Management has agreed to buy Citigroup’s real estate investment division, according to Bloomberg.

Apollo Management and Ares Management, along with holding company Access Industries, have agreed to back a $2.8 billion rights offering by LyondellBasell. The company will raise $3.25 billion in debt as it begins to emerge from bankruptcy.

Applus, a Barcelona-based provider of inspection, certification, testing and technology services, has acquired two companies in the inspection and non-destructive testing space: New York-based Quality Inspection Services (QISI) and Ontario-based Staveley. No financial terms were disclosed. The Carlyle Group and Caixa Catalunya acquired Applus in 2007 for €1.48 billion.

Arsenal Capital Partners has acquired FrontStream Payments Inc., a Nashville, Tenn.-based provider of payments products to small and medium-sized businesses and independent credit card sales organizations. No financial terms were disclosed, although VentureWire reports the investment size is $30 million. Some of the proceeds were used by FrontStream to buy Fast Transact, a provider of processing solutions for e-commerce and physical points of sale.

Asian Genco Pte Ltd., an Indian infrastructure company with investments in power generation assets and in engineering services businesses, has raised $425 million in private equity funding. Backers include General Atlantic, Stanley Infrastructure Partners, Goldman Sachs, Norwest Venture Partners, Everstone Capital and PTC India Financial Services.

Atlantic Street Capital Management is in talks to sell Orlando-based delivery services company Fleetgistics to St. Louis-based buyout shop Harbour Group.

Blackstone Group and BlackRock are among firms expressing interest in acquiring GMAC’s Residential Capital unit (ResCap). Wilbur Ross also may get involved.

Blackstone Group has agreed to lead a $600 million investment into Chinese agricultural company Shouguang Agricultural Product Logistic Park, ahead of the company’s planned Hong Kong listing.

Bowmark Capital has sponsored a £48 million management buyout and expansion funding for Leaders Ltd., a U.K. residential real estate listing and property management agency. The seller was RO Group.

Brazos Private Equity Partners has made two acquisitions in the electronic security distribution space: Woodbury, N.Y.-based Tri-Ed Distribution, a provider of security systems and low-voltage products; and Rocklin, Calif.-based Northern Video Systems Inc., a wholesale distributor of security, surveillance and network infrastructure products. The two companies will be combined. No financial terms were disclosed.

Card Factory, a U.K. greeting card retailer, has received buyout bids of up to £400 million. Bidding firms include Cinven, Permira, Summit Partners and Warburg Pincus.

Centerbridge Partners, MAK Capital and Sankaty Advisors have completed their acquisition of bankrupt homebuilder Champion Enterprises Holdings LLC. The deal includes $50 million in new equity, with Champion’s debt load being lowered to $40 million.

Cerberus Capital Management entered into a financing deal with GeoEye Inc., in a move that would help the satellite imagery company win a federal contract.

Cinemark Holdings, a publicly traded movie theater operator, completed a $660 million fundraising from a joint venture between AMC and Regal Entertainment Group, led by JPMorgan and Blackstone Advisory Partners. The company’s backers, Madison Dearborn Partners, Syufy Enterprises LP and Mitchell Special Trust, will sell some of their shares, leaving Madison Dearborn with a 32.1 percent stake, Syufy Enterprises with 5.3 percent and the Mitchell Special Trust 4.9 percent.

Cinven has agreed to acquire French medical diagnostics company Sebia from Montagu Private Equity. The deal valued Sebia at around €800 million, including debt, or 12x the company’s 2009 earnings.

Citadel Capital has invested approximately $183 million into three Nile River ports, and is eyeing additional Egyptian and Sudanese river port investments.

CPI Card Group, a Littleton, Colo.-based manufacturer of financial payment cards, has acquired certain assets of Roseville, Minn.-based Premier Card Solutions. No financial terms were disclosed. CPI is a portfolio company of Tricor Pacific Capital, while PCS is a portfolio company of Valor Equity Partners.

CVC Capital Partners and Ontario Teachers’ Pension Plan reportedly remain as the final two bidders for British national lottery operator Camelot.

Egeria has set mid-April as the deadline for second round bids on portfolio company SIF Group, an offshore mono-pile maker that is expected to garner up to €500 million. Suitors include Apax Partners, BC Partners, Investcorp and First Reserve.

EQT Partners has acquired a 40 percent stake in Japan Home Center, a Hong Kong-based discount houseware retailer. No financial terms were disclosed. The company’s founders will retain the other 60 percent stake.

Francisco Partners has completed its $126 million take-private acquisition of QuadraMed Corp., a Reston, Va.-based provider of health care IT services. The deal was first announced last December. Wells Fargo Foothill and Silicon Valley Bank committed debt financing.

French Connection (LSE: FCCN) has agreed to sell its Nicole Farhi brand to OpenGate Capital for up to £5 million.

GI Partners has sponsored a recapitalization of AdvoServ, an operator of residential group homes and related education programs for the treatment of individuals with intellectual and developmental disabilities and severe behavioral challenges. No financial terms were disclosed.

GTCR has acquired Athletic & Therapeutic Institute, an Illinois-based operator of 44 outpatient physical therapy centers, from KRG Capital Partners and Norwest Mezzanine Partners. No financial terms were disclosed.

IMIX, a Swedish provider of digital radiography systems for hospitals and specialist clinics, has raised an undisclosed amount of private equity funding from Sunstone Capital. IMIX also has agreed to merge with ARCOMA AB, an OEM supplier of medical and radiology systems and sub-systems.

KKR is leading a deal to invest around 10 billion rupees ($219.5 million) into the owner of Indian coffee chain Café Coffee Day, according to Reuters. Other participants in the deal would include Standard Chartered Private Equity and New Silk Route.

KKR is said to be considering a buyout offer for motorcycle maker Harley-Davidson Inc. (NYSE: HOG). The company’s market cap is approximately $6.6 billion.

KKR and Warner Music Group (NYSE: WMG) reportedly are in talks to launch a break-up bid for EMI Group, a debt-laden portfolio company of Terra Firma Capital Partners.

KSL Capital Partners has acquired Carlsbad, Calif.-based La Costa Resort and Spa. No financial terms were disclosed.

Leading Ridge Capital Partners has acquired Damage Recovery Systems Inc., a provider of returned goods management services and supply chain analysis for food and consumer packaged goods manufacturers. No financial terms were disclosed.

Lineage Capital has sponsored a majority recapitalization of Bioreclamation Inc., a Westbury, N.Y.-based maker of control matrix material used by biotech and pharma companies in preclinical and clinical development. No financial terms were disclosed. Mufson Howe Hunter & Co. advised Bioreclamation on the deal.

Moelis Capital Partners and Virginia Capital Partners have backed Kinsale Capital Group and its launch of Kinsale Insurance Company Inc., a Richmond, Va.-based specialty insurance operation.

Neiman Marcus recorded a quarterly profit, after having recorded a loss one year earlier. The company was acquired by TPG and Warburg Pincus in October 2005.

NVM Private Equity has sponsored a £3 million management buyout of Lanner Group, a U.K.-based provider of business simulation software. ICON Corporate Finance provided financing for the deal.

Oaktree Capital Partners is preparing to take over Almatis, an alumina company based in Frankfurt, from Dubai International Capital in a debt for equity exchange worth $1 billion, Bloomberg reported. The plan will cut the company’s debt to $420 million.

Odyssey Investment Partners has acquired food packaging company Peninsula Packaging Co., according to peHub.com.

ONCAP Management Partners, the mid-market private equity unit of Onex Corp., has agreed to acquire Sport Supply Group Inc. (Nasdaq: RBI), a maker and distributor of sporting goods and branded team uniforms to the institutional and team sports market. The deal is valued at approximately $169 million, or $13.55 per share in cash.

OpenGate Capital has acquired Philips Business Communications, a provider of telecom and data solutions in Brazil, from Philips. No financial terms were disclosed for the deal, which represents Los Angeles-based OpenGate’s first transaction in South America.

Pattern Energy Group, a new renewable energy company backed by Riverstone Holdings, has acquired the 283 MW Gulf Wind Farm in Texas from Babcock & Brown. No financial terms were disclosed, except that debt financing was provided by Mizuho Corporate Bank, Banco Espirito Santo, Bayerische Landesbank, Commerzbank, HSH Nordbank and ING Capital LLC.

Psychiatric Solutions Inc., a mental health facilities operator, said it hired Goldman Sachs as its financial adviser after being approached by third parties about a possible acquisition of the company. Bain Capital was reported to be in talks with the company previously.

QuadraMed Corp. (Nasdaq: QDHC) shareholders have approved a $126 million take-private offer from Francisco Partners. The deal was first announced last December, and is now expected to close this month. Wells Fargo Foothill and Silicon Valley Bank had committed debt financing, although the deal does not include a financing condition. QuadraMed is a Reston, Va.-based provider of health care IT services.

RDG Capital has offered to buy Japanese-themed restaurant Benihana Inc. (Nasdaq: BNHN) for $7 per share, according to the New York Post. The offer would value Benihana at around $20.1 million.

Riverside Partners has acquired a majority stake in Thinklogical LLC, a Milford, Conn.-based provider of fiber optic video and KVM switching and extension products. No financial terms were disclosed.

Senior Care Centers of America, a Clearview Capital portfolio company, has acquired Wilkes-Barre, Penn.-based Valley Crest Adult Day Care. The transaction closed on Jan. 8, and is the fifth acquisition made by Senior Care since Clearview Capital’s initial investment in 2005.

Shanks (LSE: SKS), a U.K. waste management company, has ended buyout talks with The Carlyle Group, after rejecting a reduced 120 pence per share offer.

Siemens AG has abandoned plans to sell its hearing aid unit, after bids came in lower than the company had expected. Siemens had been hoping for minimum bids of €2 billion.

Skyview Capital has acquired the RAS-TRAX business unit of UTStarcom (Nasdaq: UTSI). No financial terms were disclosed. The Bensenville, Ill.-based unit will be renamed Traxcom Technologies, and provides secure transaction processing products and technologies.

Starwood Capital Group, TPG and Five Mile Capital Partners have agreed to invest up to $905 million in Extended Stay Hotels Inc. The investment would be part of a recapitalization that would allow the hotel chain to emerge from bankruptcy at a $3.9 billion valuation.

Stonegate Mortgage Corp., a Fishers, Ind.-based mortgage lender, has raised an undisclosed amount of private equity funding from Indianapolis-based Second Curve Partners.

SunGard has acquired 365 Hosting Limited, a Dublin, Ireland-based cloud computing and data centre services company. Terms were not disclosed. SunGard was acquired for $11.4 billion in 2005 by Bain Capital, Blackstone Group, GS Capital Partners, KKR, Providence Equity Partners, Silver Lake Partners and TPG.

Swander Pace Capital has acquired Incase Designs Corp., a brand of cases and bags for consumer electronic products like laptops and mobile phones. No financial terms were disclosed. Incase has offices in Los Angeles and San Francisco.

Willcom, a bankrupt mobile phone company majority-owned by The Carlyle Group, has garnered and investment from Softbank Corp., a Japanese competitor.