ABC Supply Co. Inc. has agreed to acquire building supply company Bradco Supply Co. from Advent International for an undisclosed amount.
ABRY Partners has agreed to sell data center operator CyrusOne to Cincinnati Bell Inc. (NYSE: CBB) for $525 million in cash.
Access Industries, a holding company for Russian billionaire Len Blavatnik, has dropped out of the auction for Metro-Goldwyn-Mayer, which is held by Providence Equity Partners, TPG, Quadrangle Group, DLJ Merchant Banking Partners, Sony Corp and Comcast Corp. MGM creditors now are considering a standalone plan.
Australia and New Zealand Banking Group Ltd. (AX: ANZ) has hired banks to advise it on a bid for Lone Star Funds’s majority stake in Korea Exchange Bank. The deal is expected to be worth more than $4 billion.
BASF reportedly is in advanced talks to acquire German additives supplier Cognis, which is owned by Permira and GS Capital Partners. A deal could be valued at approximately €3 billion.
Champlain Capital Partners has sold Earth Cool Company Inc. to The Charles Machine Works Inc. (a.k.a. Ditch Witch). No financial terms were disclosed. Earth Tool is a maker of piercing tools, bursting systems, pneumatic hammers and horizontal directional drills.
CVC Capital Partners has sold half its stake in British betting firm IG Group (LSE: IGG), a 4.2 percent stake, for nearly $90 million.
DangDang.com, a Chinese online retailer, has hired Credit Suisse and Morgan Stanley to underwrite a U.S. IPO in the fourth quarter. The company raised $30 million in 2006 from firms like DCM and Walden International.
Douglas Dynamics Inc., a Milwaukee-based maker of snow plows and salt spreaders for light trucks, raised around $112.5 million in its IPO. The company priced 10 million shares at $11.25 per share, below its original price range of between $14 and $16 per share (it amended the range to $11.25 to $11.75 per share prior to pricing). It will trade on the NYSE under ticker symbol PLOW, while Credit Suisse and Oppenheimer & Co. served as lead underwriters. Shareholders include Aurora Capital Group (68.65 percent pre-IPO stake), Ares Corporate Opportunities (33.03 percent) and the GE Pension Trust (15.23 percent).
Eurazeo is in talks to sell hotel chain B&B Hotels for between €600 million and €1 billion. Several PE firms reportedly have moved onto the second round of bidding.
Express, a Columbus, Ohio-based retail apparel brand and retailer, raised around $272 million in its IPO. The company priced 16 million common shares at $17 per share ($18-$20 offering range), for an initial market cap of approximately $1.5 billion. It trades on the NYSE under ticker symbol EXPR. Goldman Sachs and BoA Merrill Lynch served as co-lead underwriters. Golden Gate Capital acquired a 67 percent interest in Express in July 2007, for $548 million. The seller was Limited Brands Inc. (NYSE: LTD), which remains an Express shareholder. Shares closed down 1.5 percent after their first day of post-IPO trading.
Gala Coral’s private equity backers reportedly will receive a total of £10 million, in exchange for handing over control of the U.K. bingo parlor operator to its mezzanine lenders. The firms—Cinven, Candover and Permira—had invested around £1.2 billion into the company.
Gilt Groupe, an online luxury retailer, has hired former StubHub CFO Andrew Page as its new CFO and may consider an IPO next year, according to the Wall Street Journal. Gilt Groupe has raised around $48 million from General Atlantic and Matrix Partners.
Global Environment Fund has agreed to sell Unirac Inc., an Albuquerque-based provider of photovoltaic solar mounting solutions, to Hilti Group. No financial terms were disclosed.
Goodman Global Inc., a Houston, Texas-based manufacturer of residential and light commercial heating, ventilation and air-conditioning equipment, has filed for a $500 million IPO. The company was taken private in 2008 by Hellman & Friedman for $2.65 billion. It reported $1.85 billion in sales and $99 million in net income for 2009, compared to $1.88 billion in sales and negative $39 million of net income in 2008. Goodman Global plans to trade on the Nasdaq, with J.P. Morgan, Barclays Capital, Morgan Stanley and Deutsche Bank Securities serving as co-lead underwriters.
GSW, a German property company backed by Cerberus Capital Management and a Goldman Sachs affiliate, has canceled plans for a public stock flotation.
Hain Pure Protein Corp. has completed the previously-announced sale of its KosherValley brand to Empire Kosher Poultry for an undisclosed amount. HPPC is a joint venture between Pegasus Capital Advisors and The Hain Celestial Group Inc.
HCA Inc., the hospital chain owned by KKR and Bain Capital, today filed for a $4.6 billion IPO.
Irving Place Capital Partners has agreed to sell its 55 percent stake in women’s footwear maker Stuart Weitzman Holdings LLC to Jones Apparel Group Inc. (NYSE: JNY) for around $180 million in cash. Stuart Weitzman will retain the other 45% ownership position.
Jack Henry & Associates Inc. (Nasdaq: JKHY) has agreed to acquire iPay Technologies, an Elizabethtown, Ky.-based provider of electronic bill pay solutions. The deal is valued at $300 million in cash, and is expected to close next month. Spectrum Equity Investors and Bain Capital Ventures recapped iPay in late 2006.
JinkoSolar Holding Co Ltd., a Chinese solar energy company, raised around $64.19 million in its IPO. The company sold 5.84 million American depository shares for $11 per share, which was the low end of its $11 to $13 range. The company will trade on the NYSE under ticker symbol JKS, with Goldman Sachs serving as lead underwriter. JinkoSolar had raised $35 million in 2008 from CIVC, Shenzhen Capital Group Co. and Pitango Venture Capital.
Newbridge Asia, an affiliate of TPG, is selling 160 million shares in Chinese life insurance company Ping An Insurance (HK: 2318) for up to $1.26 billion.
Niska Gas Storage, a Gridley, Calif.-based owner and operator of natural gas storage assets in North America, raised $358.75 million in its IPO. The company priced 17.5 million shares at $20.50 per share, compared to a $20 to $22 per share range. It will trade on the NYSE under ticker symbol NKA. The Carlyle/Riverstone Global Power and Energy Fund acquired Niska Gas Storage in 2006 from EnCana Corp.
Noranda Aluminum Holding Co., a Franklin, Tenn.-based producer of primary aluminum products and rolled aluminum coils, has reduced its IPO terms from 16.7 million shares being offered at between $14 and $16 per share, to 10 million shares being offered at between $8 and $9 per share. It plans to trade on the NYSE under ticker symbol NOR, and is owned by Apollo Management.
NXP Semiconductors NV, whose parent is prepping a $1.15 billion IPO, said its quarterly loss fell by more than half as sales improved. Backers include KKR, Bain Capital, Apax Partners, AlpInvest and Silver Lake Partners.
Patni Computer Systems (BO: PTNI) is in talks to sell a majority stake for around $1 billion. Suitors include NTT Data Corp. and Fujitsu. Sellers would include private equity firm General Atlantic, which holds a 17.7 percent stake.
Ping An Insurance has received approval from Chinese regulators for its previously-announced plan to acquire up to a 30 percent stake in Shenzhen Development Bank. Sellers, which include TPG, could make a profit of more than $2 billion on the deal.
RJD Partners reportedly is in talks to sell U.K. teacher services company Teaching Personnel for up to £50 million. RJD acquired the company three years ago from Barclays Private Equity via a management buyout.
Roadrunner Transportation Services Inc., a Cudahy, Wis.-based provider of non-asset based transportation and logistics services, raised around $148.4 million via its IPO. The company sold 10.6 million common shares at $14 per share (the low end of its $14 to $16 offering range), which gives it an initial market cap of approximately $414 million. Roadrunner will trade on the NYSE under ticker symbol RRTS, while Baird, BB&T Capital Markets and Stifel Nicholas serving as co-lead underwriters. It reported $450 million in 2009 revenue, compared to $537 million in 2008. Shareholders include Thayer | Hidden Creek Entities (72.5 percent pre-IPO stake), Eos Partners (18.5 percent) and American Capital Strategies (7.3 percent).
Smile Brands Group Inc., a Santa Ana, Calif.-based provider of support services to dental groups in the U.S., has canceled its IPO plans. The company had been expected to offer 7.35 million common shares at between $16 and $18 per share. Private equity firm Freeman Spogli & Co. holds a 77.3 percent ownership position. Other shareholders include CalSTRS (9.8 percent), Gryphon Investors (6.5 percent) and ASF Co-Investment Partners (6.5 percent).
TMS International Inc., a Glassport, Penn.-based provider of outsourced industrial services to steel mills, has filed for a $150 million IPO. It plans to trade on the NYSE under ticker symbol TMS, with BoA Merrill Lynch, Credit Suisse and J.P. Morgan serving as co-lead underwriters. The company reports $1.3 billion in 2009 revenue, with a $79 million net loss. It had $2.98 billion in 2008 revenue with a $6 million net loss. Onex Partners bought TMS (f.k.a.: Tube City) from Wellspring Capital Partners in early 2007.
Vista Equity Partners has agreed to sell Ventyx, an Atlanta-based provider of software for utilities and grid operators, to Swiss engineering group ABB. The deal is valued at more than $1 billion.
Vitamin Shoppe Inc. (NYSE: VSI) filed to offer 5.5 million common shares in a secondary public offering. Sellers are expected to include private equity firm Irving Place Capital, which currently holds a 52.7 percent ownership position (14.25 million shares). The retailer last fall raised $162.1 million in its IPO, pricing its shares at $17 a piece.
Winsway, a Chinese coking coal logistics company, has hired Goldman Sachs and Deutsche Bank to finalize plans for an $800 million IPO in Hong Kong later this year. Company shareholders include Hopu Investments.