Aegis Sciences Corp. received a “majority investment” from Metalmark Capital of New York. Financial terms were not disclosed. Aegis Sciences’ founder David Black will remain the CEO and a large shareholder of the Nashville, Tenn.-based provider of forensic toxicology testing services.
Alumni Capital Network, a private equity firm based in New York City, has acquired a controlling interest in Pennsylvania-based SNI Group, a fashion accessories wholesaler. Alumni was founded by former partners of Accenture. The details of the deal were not released.
, the leveraged finance unit of Amalgamated Bank, provided financing for Cortec Group’s purchase of Franklin Energy Services, of Port Washington, Wisc., a provider of energy efficiency programs for utilities and government agencies.
portfolio company NEP Broadcasting has agreed to buy Sweetwater and American Hi Definition. Financial terms were not announced. The companies will become part of NEP’s entertainment division. Van Nuys, Calif.-based American Hi Definition is a provider of theater-scale digital projection rentals and sales. Sweetwater is a digital rental company. New York-based American Securities is a buyout firm.
Argo Capital Partners and Saban Capital are among six bidders for Greek telecom Wind Hellas, according to reports. Wind Hellas was expected to miss a debt payment. Other bidders include Norwegian telecom group Telenor, while the current owner, Naguid Swiris, is attempting to hold on to the company.
Bain Capital Partners LLC
’s Giraffe Acquisition Corp. commenced its tender offer for Gymboree Corp. The bid is for $65.40 a share, or a total of $1.8 billion. The deal was previously unanimously approved by Gymboree’s board. Gymboree is a specialty retailer with 1,037 stores.
, the Atlanta-based online car marketplace, has acquired vAuto of Oak Brook, Ill., which sells software tools for vehicle management, pricing and inventory. AutoTrader.com is majority owned by Cox Enterprises. Other investors include Kleiner Perkins Caufield & Byers and Providence Equity Partners. Bain Capital Ventures is an investor in vAuto. Terms of the acquisition were not disclosed.
AXA Private Equity has bought from Nataxis, a division of French bank BPCE, the majority of its proprietary private equity activities in France for €507 million ($714.6 million). The deal includes the activities of iXEN Partners and NI Partners and those of Initiative & Finance Gestion.
Bain Capital is close to a £1 billion ($1.6 billion) deal for the Priory Group, a group of more than 50 hospitals dedicated to mental health and known for treating celebrities. Bain is expected to enter into a period of negotiations with the owners of the Priory, while also arranging debt financing of up to £500 million. Private equity firms such as The Blackstone Group, Advent International and Cinven Group are reportedly also interested in Priory.
German wealth manager Bankhause Lampe and Liechtenstein-based LGT could end up in a bidding war for Frankfurt-based BHF, which is being sold by Deutsche Bank. Deutsche inherited BHF as part of its 1 billion euro ($1.39 billion) takeover of Sal Oppenheim. According to reports, Lampe is in talks with private equity house KKR about making a joint bid, while LGT may join forces with private equity firm Apollo. BHP is expected to go for around $300 million, half of its $650 million value, because of the amount of restructuring needed.
Boston-based Battery Ventures has bought Data Innovations, a designer of clinical laboratory software. Details of the deal were not revealed. Data Innovations says it has 6,500 systems in 65 countries. Battery Ventures’s Dave Tabors and Chelsea Stoner join the Data Innovations board, while Mike Epplen has been named the new CEO.
Blacks Leisure, a UK retailer of outdoor wear, has had two takeover offers from private equity firms, according to reports, and has appointed advisory firm McQueen for the bidding process. The Daily Telegraph reported that Lion Capital was one of the firms that bid for Blacks. Neither company has confirmed the reports, however.
The Blackstone Group, in a venture with Centerbridge Partners and Paulson & Co., has bought $300 million of junior debt in 14 hotels currently owned by Columbia Sussex Group, Kentucky businessman Bill Yung III’s hotel group, according to a report in the Wall Street Journal. Columbia Sussex had bought the hotels from Blackstone for $1.4 billion in 2006. Blackstone has not yet commented on the deal. Blackstone, Centerbridge and Paulson recentlypurchased hotel group Extended Stay Inc. in a deal worth $3.925 billion.
Boathouse Capital, a Philadelphia-based investment fund, announced that it has invested $28 million in its first four deals. Boathouse, which focuses on mezzanine investments, has invested $8.7 million in PTG Enterprises, a Florida taxi and limo service to acquire the assets of Yellow Cab Service Corp., also based in Florida. Boathouse invested an undisclosed amount of debt in Platinum Protection, a security company. It invested $5.1 million in Pleatco, a New York water filtration product manufacturer. And it invested an undisclosed amount in Audax Group, a food service industry company.
Cardinal Asset Management, backed by Carlyle Group and U.S. investor Wilbur Ross, has been selected by the Irish government as one of the final two bidders for state-owned building society EBS. Bancassurer Irish Life & Permanent is the other bidder. Doughty Hanson and JC Flowers had also bid for the building society, but failed to get through to the last round.
The Carlyle Group, Kohlberg Kravis Roberts & Co. and Warburg Pincus are negotiating a possible purchase of a 15 to 18 percent stake in Hero Honda Motors, the top motorcycle manufacturer in India, according to reports. Japan’s Honda Motor holds 26 percent of Hero Honda.
Boston-based Century Capital Management has injected an undisclosed amount of capital into Seattle-based business services company Torrent Technologies out of its Century Focused Fund II private equity fund.
confirmed that it is in talks regarding its possible acquisition by private equity shop Carlyle Group. The transaction, if completed, would make the communications cable maker a private company. The terms of the potential deal indicated that Carlyle would buy all of CommScope’s shares outstanding for $31.50 a share in cash.
Cortec Group, a New York-based buyout firm, has bought a majority interest in Franklin Energy Services through its Cortec Group Fund IV. The deal was struck in partnership with Franklin management. Franklin was founded in 1994, and works on energy efficiency programs for utilities and government agencies. The details of the deal were not disclosed.
Covington Capital Corp. has agreed to buy VenGrowth Asset Management’s five retail funds, as well as the New Generation Biotech (Equity) Fund. Covington, a Toronto venture capital fund, also has secured third party financing of up to $60 million. VenGrowth, also of Toronto, is a buyout firm.
Hellman & Friedman has completed its acquisition of Associated Materials, a Cuyahoga Falls, Ohio-based maker and distributor of building products, from former investors Harvest Partners and Investcorp, Associated Materials announced. The deal is reportedly valued at $1.3 billion.
ICV Partners has invested in Mallet & Co., a Carnegie, Pa.-manufacturer of proprietary oils, ingredients and equipment used in the commercial baking industry. Financial terms were not announced. ICV Partners is a private investment firm with offices in New York and Atlanta.
Interros, the private equity fund of Russian tycoon Vladimir Potanin, will face off against the other major shareholder in Russian mining outfit Norilsk Nickel in a tussle over the make-up of the board, the firm announced. Potanin, who holds about 25 percent of Norilsk through Interros, will support the board while the other major shareholder, Oleg Deripaska, is seeking to dismiss the board and bring in new executives.
J.C. Flowers & Co. of New York is considering the purchase of four British customer-owned mortgage lenders: West Bromwich, Skipton, Norwich & Peterborough and Principality building societies. The Observer newspaper reported that the bid is part of a plan to create a new “supermutual” that could be partly listed in London.
Kohlberg Kravis Roberts & Co. has bought German drugs distributor Anzag with the aim of giving British pharmacy chain Alliance Boots access to the European market, according to reports. KKR, which already had 30 percent of Anzag through Alliance Boots, increased that stake to 80 percent. Anzag is one of the three biggest firms in the €24 billion ($31 billion) German drug distribution market.
Kohlberg Kravis Roberts & Co. has bid around $1.73 billion for Australian fund manager Perpetual, based on an offer of A$38 to A$40 ($37.58 to $39.56) per share, a 29 percent premium to the fund manager’s close on the last day of trading before the offer was announced. Perpetual said it was considering the bid.
LLR Partners said it has closed its investment in Lightspeed Financial, which will use the funds to buy Terra Nova Financial. Lightspeed, of New York, provides trading technology for institutional investors and professional retail traders. LLR is a Philadelphia buyout firm. Chicago-based Terra Nova provides brokerage services for professional traders, hedge funds and money managers.
Oppenheimer Global Resource Private Equity Fund I and a related co-investment fund (OGR) formed a joint venture with oil and gas explorer and producer Triangle Petroleum Corp. Both funds are managed by an affiliate of New York-based Oppenheimer & Co. Inc. OGR made a $25 million commitment to co-invest with Triangle for asset acquisition and development in the North Dakota Bakken Shale play. OGR received a right to participate in up to 25 percent of Triangle activity in the Williston Basin.
PNC Equity Partners portfolio company The Country Vintner has bought Stacole Fine Wines, a Boca Raton-based wine importer. PNC initially invested in TCV in 2008 and this is the second add-on acquisition since then. The details of the deal were not released.
Royal Bank of Scotland has hired Morgan Stanley to advise it on a potential sale of its Spanish assets, believed to be in the region of £1 billion ($1.6 billion). RBS previously attracted private equity interest in its British portfolio—with Blackstone interested, as well as Lone Star and Goldman Sachs—though RBS had not at the time decided whether to sell. RBS has a five-year plan to clear £250 billion ($397 billion) of non-core assets
Segulah, a Swedish private equity firm, has bought Scan Coin AB, a Malmo-based automatic coin and bank note processing company. The Ovin family, which has owned Scan Coin since 1986, will retain a 30 percent stake in the company. Other details of the deal were not released.
Shamrock Capital Growth Fund II
, a California-based, media-focused private equity firm, has invested significant growth capital in INgrooves, a digital media company in San Francisco. Shamrock joins Universal Music Group as a minority shareholder in the company. INgrooves will use the money to expand into “ancillary media verticals” such as e-books. The financial details were not disclosed.
Source Capital, which invests in mature, private “small-cap” companies with EBITDA of at least $1.5 million, has bought Precision Boilers, based in Morristown, Tenn., from Tennessee Valley Ventures LP. The details of the deal were not revealed.
Stripes Group has taken a majority stake in Voyetra Turtle Beach, a maker of gaming headsets, via a recap. Stripes Group is a New York private investment firm. The deal was announced by Cascadia Capital, an investment bank, which advised Turtle Beach.
TPG, the global private equity firm, will invest more than $45 million in Chinese sportswear manufacturer China Vogue, gambling that a growing Chinese middle class can be lured towards a flurry of consumer spending. The TPG consortium includes Partners Group and an existing shareholder in China Vogue, ARC China Holdings Ltd. TPG has already invested in Chinese PC-maker Lenovo, shoe-seller Daphne and supermarket chain WuMart.
TPG Growth, the middle market buyout and growth platform of buyout firm TPG, has acquired a 25 percent stake in Schiff Nutrition International, a Utah-based manufacturer of private label vitamins and health foods, for $48.8 million. Schiff bought 7.487 million shares of Class B common stock, which automatically converted to Class A common stock on a one-to-one basis. TPG Growth executives William E. McGlashan Jr. and Matthew T. Hobart will join the Schiff board.
Veritas Capital announced that it has agreed to purchase Lockheed Martin Corp.’s Enterprise Integration Group for $815 million. Lockheed had been in talks with a number of private equity firms to sell EIG, which advises government agencies on military platforms. Lockheed sold the unit to avoid any conflict of interest that might be created by advising government agencies on defense and also receiving major defense contracts. According to Lockheed, EIG has EBITDA of $65 million.The firm is doing the deal through its Veritas Capital Fund IV.
WestView Capital Partners has taken a majority stake in Graphic Controls via a recap. Graphic Control’s management will retain a stake, said Sujit John, a WestView Capital associate. WestView Capital is a Boston buyout firm. Buffalo, N.Y.-based Graphic Controls makes consumable products like disposable medical supplies. Financial terms were not announced.