ABRY Partners LLC completed its acquisition of RCN Corp., which provides broadband services, for $15 a share in cash. SunTrust Robinson Humphrey served as financial adviser to ABRY Partners, which is a Boston-based private-equity shop specializing in media and information technology companies.

Advent International has agreed to acquire a majority stake in Mexicana de Aviacion. No financial terms were disclosed. Advent had been reported to be planning to invest around $49 million into Mexicana, which would keep the troubled Mexican airline operational.

AEA Investors announced that it has acquired a stake in Shoes for Crews from Advent International and the Smith family. No financial terms were disclosed.

Alliance Medical’s lenders reportedly plan to seek bidders to trump restructuring plans proposed by company owner Dubai International Capital.

American Industrial Partners has formed Allied Specialty Vehicles via the merger of three existing portfolio companies: E-ONE, Collins Industries and Halcore Group. A fourth portfolio company, Fleetwood RV, will be merged next quarter. ASV will have revenue of approximately $1 billion.

Apax Partners and General Atlantic have agreed to by Telstra Corp.’s 51 percent stake in SouFun, the second-largest real estate Web site in China, for $400 million. The buyers are existing SouFun shareholders. SouFun is expected to go public later this year, selling a 25 percent stake in its IPO for a U.S. listing.

Arta Capital and L Capital Partners have agreed to acquire a 27.9 percent stake in Pepe Jeans, for €85 million. Sellers include Spanish private equity firm Torreal and Pepe management, which will end up holding 31 percent and 30 percent of the company, respectively.

Ashland Inc.

is considering a sale of its chemicals and plastics business, which generated $73 million in EBITDA for the year ending June 30. Bank of America will manage the process.

Aurora Capital Group has acquired a majority stake in Lexington Precision Corp., a New York-based maker of tight-tolerance rubber components. No financial terms were disclosed. Lexington emerged from Chapter 11 bankruptcy protection at the end of July.

Avenue Capital Group and Oaktree Capital Management have agreed to acquire the assets of Sea Island Acquisition, a bankrupt private resort and real estate development company. No financial terms were disclosed.

Avista Capital Partners

and Ontario Teachers’ Pension Plan have agreed to buy INC Research Inc. for around $600 million. INC is a Raleigh, N.C.-based global contract research company for pharmaceuticals and biotech.

Bain Capital LLC agreed to acquire Air Medical Group Holdings, the largest independent U.S. provider of emergency air medical services, for around $1 billion, a source familiar with the matter said. Brockway Moran & Partners and MVP Ventures are the sellers.

Barclays Private Equity has acquired a majority stake in British bottle-maker Allied Glass from CBPE Capital, for £75 million. BPE invested nearly £30 million, with company management co-investing on the equity and senior debt provided by Lloyds TSB and HSBC.

Barclays Private Equity Germany has acquired a majority stake in MPS Meat Processing Systems of the Netherlands. Sellers included Steadfast Capital.

Barilla has agreed to sell Kamps, a German bakery chain, to ECM Capital Management. No financial terms were disclosed.

Barnes & Noble Inc. is in talks with Yucaipa Cos. to end a lawsuit over the company’s board of directors. The bookseller recently put itself up for sale, drawing interest from private equity firms.

Beijing New Cooperation Supermarket Chain, a Chinese operator of convenience stores and supermarkets, has raised $40 million in private equity funding from My Decker Capital.

Blackstone Group LP paid a $3 million “clawback” to investors of a real estate fund, according to a filing dated Aug. 6. Blackstone Holdings paid $1.7 million, while the remaining $1.3 million was paid by current and former Blackstone personnel.

The Blackstone Group has agreed to buy Dynegy Inc. The $4.50 per share deal represents a 62 percent premium to the power producer’s stock price the day before the announcement. The entire transaction is valued at around $4.7 billion, including $543 million in cash and the assumption of more than $4 billion in debt. As part of the deal, Blackstone will sell four of Dynegy’s power plants to NRG Energy for around $1.36 billion in cash.

The Blackstone Group has agreed to invest $300 million into Moser Baer Projects Pvt Ltd., an Indian power development group.

The Blackstone Group reportedly is in talks to buy Polymer Group, a maker of non-woven materials, from MatlinPatterson. Blackstone also is acting as MatlinPatteron’s adviser on the sale.

Blackstreet Capital has acquired Park Seed Co., a Greenwood, Colo.-based online and catalog retailer of plant seeds and other gardening supplies. The deal was valued at $13 million.

Campbell Soup Co. reportedly is considering a £1.5 billion breakup bid for United Biscuits, which is currently owned by Blackstone Group and PAI Partners. The offer would be for the biscuit-making operations, which account for around three-quarters of United Biscuits’ revenue.

Carlyle Group concluded the purchase of a 51 percent stake in Brazil’s Scalina, the owner of a pantyhose maker, the Sao Paulo newspaper Folha de S. Paulo reported. The funds for the 280 million reais-deal ($159.7 mln) will come from South America Buyout, a Carlyle fund, and a fund Carlyle has in partnership with state-run Banco do Brasil, Folha said.

Citic Capital reportedly has acquired a majority stake in Tokyo-based cardboard maker Tri-Wall KK. No financial terms were disclosed.

The Coding Source LLC, a Los Angeles-based provider of clinical coding, audit and compliances services to health plans and health care providers, has secured an undisclosed amount of growth equity funding from Parthenon Capital.

Court Square Capital Partners has agreed to buy broadband provider Fibertech Networks from Nautic Partners and Ridgemont Equity Partners. The deal reportedly is valued at around $500 million.

CVC Capital Partners agreed to invest in Leslie’s Holdings Inc., a Phoenix-based retailer of swimming pool supplies. Financial terms were not disclosed. Affiliates of Leonard Green & Partners will continue to hold an ownership stake in the business. This is CVC Capital’s third U.S. investment since opening a New York office in 2007.

CVC Capital Partners reportedly has asked lenders to portfolio company Univar, a global chemical distributor, to approve a new $300 million loan and extend existing debt. The moves would come as CVC prepares to sell a 49 percent stake in the company, most likely via a secondary buyout.

Doughty Hanson Technology Ventures has bought 50,000 first preferred shares and roughly 5.2 million warrants of Sustainable Energy Technologies Ltd. for $500,000. Doughty Hanson, a European PE shop, holds 100 percent of the Series 9 shares of Sustainable Energy, an Alberta, Canada-based maker of solar inverters. Doughty Hanson has previously committed to providing up to $3 million in new equity to Sustainable Energy over the next six months.

EBS Building Society of Ireland is expected to receive takeover bids. Suitors may include Irish Life & Permanent, J.C. Flowers & Co., Doughty Hanson and Cardinal Asset Management.

Energy Future Holdings, a portfolio company of KKR and TPG Capital, said that debt-holders had tendered $4.47 billion of notes, as part of a debt exchange.

Enotria Winecellars, a portfolio company of ISIS Equity Partners, has acquired Great Western Wine Company Ltd., a Bath, England-based wine distribution company. No financial terms were disclosed.

Federated Media Publishing, a Sausalito, Calif.-based operator of an advertising network for online publishers, has acquired VC-backed semantic search company TextDigger. No financial terms were disclosed. Federated Mediais backed by firms like Oak Investment Partners and Omidyar Network.

Francisco Partners has completed its take-private acquisition of EF Johnson Technologies Inc., an Irving, Texas-based provider of secure communications solutions to organizations that protect and save lives. The deal valued EF Johnson at nearly $40 million, or $1.50 per share.

Golden Meditech Holdings Ltd., a Chinese health care device and service operator, has raised $40 million from undisclosed private equity investors.

Goldman Sachs and Groupe Eurotunnel have added two groups — Universities Superannuation Scheme and Caisse des Dépôts et Consignation — to the bidding group for Britain’s only high-speed rail line.

Golub Capital said it provided a $46.1 million financing and an equity co-investment to support Mill Road Capital’s buyout of Rubio’s Restaurants.

GOME Electrical Appliances Holding said that Bain Capital will convert its convertible bond into equity. The company also set a special meeting date to address measures proposed by its jailed founder and biggest shareholder.

The Gores Group has won a bankruptcy court auction for the parent company of National Envelope Corp., for around $149.9 million.

Heartland Dental Care Inc., an Effingham, Ill.-based chain of affiliated dental practices, last quarter acquired nine practices and opened three new facilities, bringing its total number of practices to 263. Code Hennessey & Simmons acquired an undisclosed stake in Heartland Dental in 2008.

Irving Place Capital has agreed to acquire a majority stake in pet products retailer Pet Supplies Plus. No pricing terms were disclosed, but LBO Wire previously reported that the deal would include around $80 million in equity (including $18 million from management). Debt financing was committed by BNP Paribas, Societe Generale and KeyBanc Capital Markets.

JER Partners is exploring a possible bankruptcy filing for debt-ridden hotel chain Highland Hospitality Corp., according to The Wall Street Journal.

Kellwood Co., a portfolio company of Sun Capital Partners, has acquired ADAM, a maker and marketer of high-end contemporary clothing. No financial terms were disclosed.

Klesh & Co.

, a UK private equity firm, has agreed to acquire the Heide oil refinery in Germany from Royal Dutch Shell. No financial terms were disclosed.

KPS Capital Partners

has recapitalized portfolio company Global Brass and Copper Inc. The addition of $465 million in new debt will refinance existing debt, provide a $102 million cash distribution to shareholders and be used for working capital.

Leonard Green & Partners has acquired a $125 million piece of Fiesta Palms‘ $380 million revolving credit line, according to FT Debtwire. The deal is in anticipation of a restructuring at Fiesta Palms, the parent company of the Palms Resort & Casino.

Leonard Green & Partners

has agreed to acquire Prospect Medical Holdings Inc., operator of five community-based hospitals in the greater Los Angeles area. The deal is valued at approximately $363 million, including the assumption of approximately $158 million in debt. Prospect stockholders will receive $8.50 per share.

Marlin Equity Partners has agreed to acquire Phoenix Technologies Ltd., a maker of core systems software for computing devices. The $3.85 per share deal values Phoenix at around $139 million, and represents a 27 percent premium to the stock’s closing price the day before the deal was announced.

MBK Partners has a short-list for its planned sale of Taiwan cable company China Network Systems, which is expected to garner around $2 billion. The list includes Bain Capital, Macquarie Group, Permira and Providence Equity Partners.

McInerney Holdings’ main Irish unit received court protection to restructure its debts. The Dublin, Ireland-based builder said it is in talks with Oaktree Capital about a €40 million ($50.84 million) investment. McInerney reported net debt of €236 million at the end of 2009.

Mid-Atlantic Convenience Stores has acquired 58 convenience stores/fuel stations in Northern Virginia and Maryland from Exxon Mobile Corp. No financial terms were disclosed. MACS is a platform sponsored by Catterton Partners.

Mill Road Capital has completed its take-private acquisition of Mexican restaurant chain Rubio’s Restaurants Inc. The $8.70 per share deal valued Rubio’s at around $91 million. Sellers included Rosewood Capital. Last October, Rubio’s rejected an $80 million buyout offer from Levine Leichtman Capital Partners.

Mistral Equity Partners has acquired juicemaker Country Pure Foods from First Atlantic Capital and DN Partners. No financial terms were disclosed. THL Credit Inc., a business development company affiliated with Thomas H. Lee Partners LP, provided mezzanine financing for the transaction.

Morgan Stanley Private Equity has agreed to acquire a 60 percent stake in Zenith Vehicle Contracts Group Ltd., a provider of vehicle outsourcing and management services to the UK corporate sector. Sellers include Barclays Private Equity and Zenith management (which will hold the remaining 40 percent stake). No financial terms were disclosed.

Nestor Healthcare has rejected an unsolicited £101.6 million buyout approach from Acromas Holdings, a portfolio company of CVC Capital Partners, Charterhouse Capital Partners and Permira.

Niagara Acquisition Inc., which is owned by KingSett Capital and certain clients managed by Alberta Investment Management Corp. (AIMCo), has inked a deal to buy all of the outstanding equity interests in ING Summit Industrial Fund LP. The sellers are Realty Holding LP and Realty Holding II LP. The deal is valued at roughly CDN $2 billion, including debt. Niagara has also agreed to buy ING Real Estate Canada LP, the manager of Summit. KingSett is a PE real estate firm in Canada. AIMCo is a large institutional investor in Canada.

NGP Energy Technology Partners has invested an undisclosed amount of “growth capital” into Managed Pressure Operations International Ltd., an oilfield services company with locations in Singapore, Texas and Indonesia.

PE firms are in talks to invest in Nokia Siemens Networks, the network equipment joint venture owned by Nokia and Siemens. However, neither Nokia nor Siemens is seeking an early exit from NSN, the Financial Times reported. A deal could be worth $1 billion and raises the possibility of an IPO, the FT said. Last month, the FT said that Blackstone and TPG were interested in NSN while Silver Lake Partners and Bain Capital were linked. Not all of the companies are still involved, a source told the FT.

North American Breweries Inc., a portfolio company of KPS Capital Partners, has acquired Independent Brewers United Inc., a craft brewer responsible for the Magic Hat brand. No financial terms were disclosed.

Onex Corp. has offered to buy ResCare Inc., a provider of homecare to the elderly and disabled, for around $370 million. The $12.60 per share offer represents a 24 percent premium to ResCare’s closing stock price the day before the deal was announced.

Packers Holdings LLC, a portfolio company of Blue Point Capital Partners, has acquired two contract cleaners serving the food processing industry: Kaiser Contract Cleaning Specialists Inc. and Canadian Contract Cleaning Specialists Inc. No financial terms were disclosed.

Paternoster, a London-based specialist pension business partially owned by Deutsche Bank, has hired I-bank Willis to help it raise more capital. Reuters reports that the capital raise could lead to a sale.

Platte River Ventures of Denver completed the recapitalization of Global X-Ray & Testing Corp., which provides testing and evaluation services to the oil and gas industry. Financial terms were not disclosed. McGladrey Capital Markets served as Global X-Ray’s exclusive financial adviser.

Revelry Brands has acquired a minority stake in Data Garden, a New York-based provider of data analytics to natural food brands. No financial terms were disclosed.

Reynolds Group Holdings, controlled by New Zealand billionaire Graeme Hart, has agreed to buy Hefty bag maker Pactiv Corp. for around $6 billion (including assumed debt). Losing bidders included Apollo Management. The $33.25 per share offer represents a 7.5 percent premium to the stock’s closing share price the day before the deal was announced.

Royal Bank of Scotland has launched an auction for Priory Group, a UK operator of mental health care facilities. It hopes to fetch around £1 billion, with several private equity firms expected to bid. Rothschild is managing the process.

RWE, a German utility, has put its Thyssengas gas transmission network up for sale.

San Miguel Corp. has scrapped a planned sale of a minority stake in its Pure Foods unit, after talks ran aground over the number of shares being sold. The deal was believed to be marketed with an enterprise value for Pure Foods of around $1.3 billion.

SBI-Macquarie Infrastructure Fund has acquired an 11 percent stake in Indian mobile tower company Viom Networks, for $304 million. SBI-Macquarie is a joint venture of State Bank of India and Australia’s Macquarie Group.

Schafer Corp., a portfolio company of Metalmark Capital, has acquired Asynchrony Solutions Inc., a Saint Louis-based provider of software development, enterprise architecture and systems integration services. No financial terms were disclosed.

Sentinel Capital Partners has acquired Engineered Controls International LLC, an Elon, N.C.-based provider of pressure regulators, valves and other control equipment for use with liquefied and compressed gases. No financial terms were disclosed.

Slate Capital Group has acquired Wythe-Will Distributing from JPB Capital Partners. No financial terms were disclosed. Wythe-Will is a Williamsburg, Va.-based distributor of gourmet specialty food and confections.

Star Capital Partners has agreed to buy German cable operator Pepcom GmbH from GMT Communication Partners and Veronis Suhler Stevenson. No financial terms were disclosed.

Sterling Financial Corp. completed its $730 million recapitalization, including amendments to existing financing agreements from Warburg Pincus and THL Partners. The bank holding company now plans to raise a total of $730 million, including $171 million from each of the two private equity firms. THL originally agreed to invest $175 million, but then lowered that to $138 million, in order to match a subsequent commitment from Warburg Pincus.

Summer Street Capital Partners has acquired an equity stake in Action Environmental Services, a provider of waste management services for New York City businesses. No financial terms were disclosed for the deal, which will help AES purchase select New York City assets from Republic Services Inc.

Summit Materials, an acquisition platform in the building materials market, has made two acquisitions: Kilgore Paving and Maintenance LLC, an asphalt production and paving company, and the aggregates, ready-mix concrete and construction assets of Harper Cos. No financial terms were disclosed for either deal. Summit was formed last fall by The Blackstone Group, Silverhawk Capital Partners and former BHP Billiton CEO Charles Goodyear. It has up to $780 million in capital commitments.

Summit Partners has made a $100 million minority investment in Avast Software, a Czech Republic-based developer of anti-virus software.

Sun Capital Partners has acquired Alcan Packaging Beauty from Rio Tinto. No financial terms were disclosed. APB is a French provider of tube, fragrance and cosmetic plastic packaging to the beauty industry.

SunTx Capital Partners has acquired a majority stake in Carolina Beer & Beverage, a Mooresville, N.C.-based contract beverage manufacturer. No financial terms were disclosed.

TA Associates has acquired just more than 16 percent in Dr Lal PathLabs, an Indian provider of diagnostic and pathology services, from Sequoia Capital India for approximately $35 million. The stake represents around one half of Sequoia’s overall position in Dr Lal PathLabs.


, a Fairfax, Va.-based provider of routing and revenue management software for communication service providers, has completed its acquisition of TTI Team Telecom International, a supplier of operations support systems to communications service providers. The deal was valued at $58 million. TEOCO raised $60 million in equity funding from TA Associates, in exchange for a minority ownership position, two years ago.

THL Partners has completed its acquisition of Intermedix Corp., a provider of revenue cycle management solutions for emergency services providers, from Parthenon Capital Partners. No financial terms were disclosed. Other selling shareholders included Glenview Capital Management.

Thoma Bravo

has agreed to acquire LANDesk Software from Emerson Electric Co. No financial terms were disclosed. LANDesk is a Salt Lake City-based provider of systems life cycle management, endpoint security and IT service management.

Thompson Street Capital Partners of St. Louis has acquired a majority interest in Barcodes Inc., a Chicago company engaged in barcode, mobile computing and radio-frequency identification solutions. Financial terms were not disclosed. Thompson Street Capital, which manages $450 million in capital, has made six acquisitions this year.

Tonka Bay Equity Partners and Silver Peak Partners have acquired Freshpack Produce LLC, a Denver-based distributor and repackager of fresh fruits and vegetables. No financial terms were disclosed.

Total Beauty Media Inc., a digital beauty publisher backed by U.S. Venture Partners, has acquired Limelife, a Menlo Park, Calif.-based developer of mobile games and lifestyle applications targeted at women. no financial terms were disclosed.

Towerbrook Capital Partners LP made an indicative offer to acquire Southern Cross Health Care Group PLC. The bid sent shares of the provider of care homes and long term care beds in the UK up as much as 64 percent. Southern Cross is working with advisers on its future strategy and does not wish to enter discussions at this time.

Tribal Holdings plc, a British public services outsourcing firm, has received buyout interest from an undisclosed party. The company’s stock rose 20 percent on the news.

Triton has agreed to acquire most of European steel producer Ovako, for an undisclosed amount. The deal does not include Ovako’s wire division. No financial terms were disclosed.

Webster Capital has acquired Epic MedStaff, a provider of home health care services to medically fragile and chronically ill infants and children in Texas. No financial terms were disclosed, except that Fifth Street Capital provided debt financing.

Welsh, Carson, Anderson & Stowe has completed its acquisition of a majority stake in K2M Inc., a Leesburg, Va.-based provider of solutions for the treatment of complex spinal pathologies. No financial terms were disclosed. Existing K2M backer Ferrer Freeman & Co. retained an ownership percentage.

Wise Partners, a Japanese private equity firm, has agreed to acquire Teibow Co., a local maker of felt pen nibs, from Goldman Sachs. The deal reportedly is valued at around $176 million, with Wise Partners beating out rival bidders Advantage Partners, Polaris Capital Group and CITIC Capital.