Altegrity, a portfolio company of Providence Equity Partners, has agreed to buy investigations company Kroll from Marsh & McLennan Cos. for $1.13 billion in cash. Altegrity is led by former Marsh CEO Michael Cherkasky.
Aspen Surgical Products Inc., a portfolio company of RoundTable Healthcare Partners, has agreed to acquire the surgical blades and scalpels business (Bard-Parker) of Becton, Dickinson and Company. No financial terms were disclosed.
Atos Origin has pulled itself out of the auction for Royal Bank of Scotland’s payment processing unit (WorldPay), according to La Tribune.
Authentic Brands Group has formed with a $250 million equity funding commitment from Leonard Green & Partners, Knight’s Bridge Capital Partners (a unit of Council Corp.) and ABG chairman and CEO James Salter. The New York-based company will “acquire, manage and build long-term value in prominent consumer brands.”
Beringea has sold its stake in Plum Baby, a maker of organic baby food, to Darwin Private Equity. No financial terms were disclosed.
Brit Insurance (LSE: BRE) reportedly has rejected a takeover approach from Apollo Management, which would have valued the business at more than £570 million.
BWAY Holding Co. (NYSE: BWY), a North American supplier of general line rigid containers, said that its shareholders have approved a $20 per share buyout offer from Madison Dearborn Capital Partners. The deal values BWAY at approximately $915 million (including assumed debt). Bank of America Merrill Lynch and Deutsche Bank Securities will provide leveraged financing.
Caballo Energy LLC has secured a private equity commitment from EnCap Investments. No financial terms were disclosed. Caballo is a Tulsa-based company formed to acquire, develop and manage natural gas gathering, compression, treating, processing and marketing assets.
Carlyle Group announced that it has invested a total of more than $140 million into four Asian growth equity deals: ATMU Inc., a Chinese ATM provider; Tirumala Milk Products, an Indian dairy; HKucar Global Co., a Korean used car dealership network; and EO Technics Co., a Korean laser engineering company.
Carlyle Group has offered to buy Giannoni, a French maker of heat exchangers for energy efficient boilers. The fully-financed bid would value Giannoni at €490 million.
Colony Capital and GS Capital Partners reportedly are among likely bidders for French furniture retailer Conforama, which is being sold by PPR SA. The deal could be valued at around €1.5 billion.
Cook & Boardman Group, a portfolio company of Blue Point Capital Partners, has acquired SBS Commercial Door & Hardware, a distributor of commercial doors, door frames, architectural hardware and related accessories. No pricing terms were disclosed. RBC Bank provided leveraged financing.
EduK Group, a portfolio company of Leeds Equity Partners, has completed a recapitalization that includes the sale of a minority equity stake and a refinancing of debt. Leeds will continue to be majority shareholder, and says the deal returns “multiples” on its original cash investment.
Enterprise Investors has agreed to acquire a 49 percent stake in Polish supermarket chain Dino, for approximately €50 million.
Gart Capital Partners has acquired Swoozie’s Inc., an Atlanta-based specialty retailer focused on stationary, greeting cards and personalized products. No financial terms were disclosed.
Genstar Capital has acquired Granite Global Solutions, a Canadian provider of risk mitigation services to the insurance and corporate markets. No financial terms were disclosed.
Great Hill Partners has purchased publisher Ziff Davis and installed former Time Warner executive Vivek Shah as CEO. No financial terms were disclosed. Ziff Davis, previously owned by Willis Stein & Partners, emerged from bankruptcy last year, and had been run by its creditors.
GTCR has completed its previously-announced acquisition of Protection One Inc. (Nasdaq: PONE), a Lawrence, Kan.-based provider of electronic security services to the residential, commercial and wholesale markets. Sellers include Quadrangle Group and Monarch Capital Partners. The deal was valued at $828 million, including the refinancing of debt. Protection One stockholders received $15.50 per share, while debt financing was provided by JP Morgan Chase Bank, Barclays Capital and TCW/Crescent Mezzanine.
Harrah’s Entertainment Inc. has agreed to swap a 15.6 percent equity stake for around $1.12 billion in outstanding bonds. The participating creditors are Paulson & Co. (9.9 percent equity stake), Apollo Management and TPG. Apollo and TPG are Harrah’s majority equity stockholders who acquired the bonds via secondary market purchases.
HealthcareFirst, an acquisition platform sponsored by The Riverside Company, has acquired Lewis Computer Services, a Baton Rouge, La.-based provider of software for the home health agency market. No pricing terms were disclosed. Wells Fargo Capital Finance provided the senior financing, while THL Credit provided junior debt.
IL&FS Milestone Fund, an Indian private equity group, is investing around $122 million for a 74 percent stake in a property unit of Hindustan Construction Co.International Meal Company Holdings, a Brazilian retail food concessionaire and multi-brand casual dining chain, has raised more than $100 million in new equity funding. British Columbia Investment Management Corp. and an undisclosed Asian investment management firm were joined on the deal by existing IMC controlling shareholder Advent International.
Kaffee Partner, a distributor of coffee and water dispensers in the German SME market, has raised an undisclosed amount of private equity funding from Partners Group and Capvis Equity Partners.
KKR reportedly is in talks to buy the recruitment services unit of Japanese media company Usen Corp. for around $350 million.
KKR reportedly has agreed to invest $400 million in a joint venture with Hilcorp Energy Co. to develop the Eagle Ford Shale in South Texas. Hilcorp would hold a 60 percent stake in the joint venture and would manage operations.
KKR reportedly has mandated Korea Development Bank to refinance the deal that backed its $1.8 billion leveraged buyout of Oriental Brewery Co. last year. The refi would halve KKR’s borrowing costs.
Kraco Enterprises, a distributor of automotive aftermarket floor mats, has agreed to acquire Auto Expressions, the automotive aftermarket accessories business of Shell subsidiary Pennzoil-Quaker State Co. No financial terms were disclosed. Kraco is a portfolio company of Sun Capital Partners.
LNR Property Corp., a portfolio company of Cerberus Capital Management, announced that it is launching a debt-for-equity swap.
Montezemolo & Partners has sponsored a spinout of European telematics service provider Octo Telematics from Italian conglomerate MetaSystem. No financial terms were disclosed. MetaSystem will continue to supply components to Octo, while Montezemolo was joined on the deal by Amadeus Capital Partners and Rothschild Growth Capital.
Moss Inc., a provider of tensioned fabric solutions to the retail and event markets, has acquired the Pink Inc., a New York-based provider of tensioned fabric solutions used to enhance visual environments and event atmospheres. No financial terms were disclosed. Moss is a portfolio company of Century Park Capital Partners.
NBK Capital, an investment arm of the National Bank of Kuwait, has acquired a 30 percent stake in Turkey-based World Eye Hospital Group.
Nomura Holdings reportedly is in early talks to partner with MBK Partners to bid on Lone Star Funds’ $3.5 billion stake in Korea Exchange Bank.
Norma Group, a developer of metal and plastic engineered joining technology solutions, has acquired R.G. Ray Corp., a maker of heavy duty engineered clamps. No financial terms were disclosed. Norma Group is a portfolio company of 3i Group. Biard advised R.G. Ray on the sale.
NorthgateArinso, a KKR portfolio company that provides HR software and services, has completed its previously-announced acquisition of the HR management unit of Convergys (NYSE: CVG). The deal is valued at $100 million in cash, including an $85 million up-front payment.
Nycomed, a Swiss pharmaceutical company, is asking its lenders for longer-term covenant relief on some of its €3.7 billion net debt. Nycomed shareholders include Nordic Capital, DLJ Merchant Banking, Coller International Partners and Avista Capital.
Oak Hill Capital Partners has completed its $570 million acquisition of Dave & Buster’s Inc., a Dallas-based interactive entertainment and restaurant chain, from Wellspring Capital Management.
PAI Partners has acquired French lab testing business Laboratoire Cerba from IK Investment Partners. No financial terms were disclosed, although press reports suggest a price of around €55 million.
PNC Equity Partners has acquired Oracle Elevator Co., a Dover Plains, N.Y.-based provider of elevator services. The seller was Jupiter Partners, while Oracle was advised by Sperry, Mitchell & Company. No financial terms were disclosed.
PNC Equity Partners has acquired Wheaton Industries Inc., a Millville, N.J.-based maker and re-packager of laboratory supply and packaging products. No pricing terms were disclosed. Madison Capital Funding and Amalgamated Capital provided senior debt, while Babson Capital Management provided subordinated notes.
RBS has selected three bidders to advance to the final round of bidding for payment processing business WorldPay, which is expected to be sold for around $4 billion. The three suitors are: Advent International with Bain Capital, TPG and Clayton, Dubilier & Rice.
Reinhold Industries Inc., a maker of aircraft seating components and aerospace solutions, has acquired Enpro Engineered Products Inc., a supplier of custom designed and manufactured components for the commercial aircraft industry. No financial terms were disclosed. Reinhold Industries is owned by The Jordan Company.
Riverside Company has acquired NAKA & Co. Ltd., a Japanese maker of crystal oscillators and crystal units used for microwave backhaul equipment and base stations for mobile communications. No financial terms were disclosed.
Shackleton Equity Partners has acquired RTI Electronics Inc. from IntriCon Corp. (Nasdaq: IIN). No financial terms were disclosed. RTI makes thermistors, film capacitors and magnetic passive electronic components.
Starwood Capital has acquired a 49.9 percent stake in Hersha Hospitality Management, which manages more than 70 hotels in markets such as New York and Boston. No financial terms were disclosed.
TEOCO, a Fairfax, Va.-based provider of routing and revenue management software for communication service providers, has agreed to acquire TTI Team Telecom International, a supplier of operations support systems to communications service providers. The deal is valued at $58 million. TEOCO raised $60 million in equity funding from TA Associates, in exchange for a minority ownership position, two years ago.
Terra Firma Capital Partners reportedly has invested £105 million of new cash into EMI Group in order to keep the company from being turned over to lender Citigroup.
Thoma Bravo has agreed to lead an acquisition of IT security company SonicWall Inc. (Nasdaq: SNWL), for around $717 million. SonicWall stockholders would receive $11.50 per share. Participating alongside Thoma Bravo on the equity tranche is Teachers’ Private Capital.
TPG is among those reported to have offered to buy AAPT, Australia’s third-largest telecom company, from Telecom New Zealand.
TPG has agreed to buy Vertafone, a provider of software and services to the insurance sector, from Hellman & Friedman and JMI Equity. The deal is valued at $1.4 billion, and is expected to close next quarter.
Transom Capital Group has acquired Uncle Milton Industries Inc., a maker of toys like Ant Farm brand ant habitats. No financial terms were disclosed. Uncle Milton was advised on the deal by Sherwood Partners.
Wall Street Systems, a developer of financial trading and treasury engines, has acquired corporate treasury specialist City Financials. No financial terms were disclosed. Wall Street Systems is a portfolio company of Warburg Pincus.
Vector Capital has agreed to acquire U.K.-based vehicle tracking company TrafficMaster PLC, The deal is valued at approximately £73.27 million, with TrafficMaster stockholders to receive 47 pence per share.
Vornado Realty Trust reportedly may take a stake in LNR Property Corp., a portfolio company of Cerberus Capital Management, as part of a possible debt-for-equity swap. Vornado lost out to Cerberus in a bid for LNR six years ago.