3i Group and Crédit Agricole Private Equity have agreed to sell their minority stake in Dirickx, a U.K.-based maker of perimeter protection products, to the Dirickx family (which now will hold 100 percent). No financial terms were disclosed.
ABRY Partners has agreed to sell CapRock Communications to Harris Corp. (NYSE: HRS) for $525 million in cash. CapRock is a Houston, Texas-based provider of mission-critical managed satellite communications solutions for the energy, government and maritime industries.
Accretive Health Inc., a Chicago-based provider of health care revenue cycle management services, raised around $120 million in its IPO. The company priced 10 million shares at $12 per share, compared to its plan to sell 13.33 million shares at between $14 and $16 apiece. It will trade on the NYSE under ticker symbol AH, while Goldman Sachs and Credit Suisse served as co-lead underwriters. Oak Hill Capital Partners held a 21.7 percent pre-IPO ownership position.
Affinion Group Holdings Inc., a Norwalk, Conn.-based provider of integrated marketing and loyalty solutions, has filed for a $400 million IPO. No underwriters were listed. Apollo Management acquired Affinion in October 2005 from Cendant Corp. for approximately $1.83 billion. It had tried to take the company public once before, but pulled the offering in 2007.
Altus Capital Partners and Dunrath Capital have sold Gichner Holdings Inc., a Dallastown, Pa.-based maker of shelters for the U.S. military, to Kratos Defense & Security Solutions Inc. for $133 million in cash.
Ares Management has hired Moelis & Co. to help sell Aspen Dental, a chain of dentistry practices it acquired in 2006.
Catterton Partners has hired Goldman Sachs to help sell Farley’s & Sathers Candy Co. Inc., maker of Brach’s, Jujyfruits, and Now and Later candies.
Chr. Hanson, Danish food ingredients group, said that it aims to raise DK3.16 million ($527 million) via an IPO in Denmark. The company is majority-owned by PAI Partners.
CITG Capital Partners has sold branded merchandise distributor Evigna to Bensussen Deutsch & Associates Inc. No financial terms were disclosed. Cobblestone|Harris Williams advised Evigna on the sale.
Common Resources LLC, an oil and gas exploration company, has been sold in a pair of transactions totaling $805 million. EXCO Resources Inc. (NYSE: XCO) and BG Group PLC (LSE: BG.L) bought Common’s Haynesville assets for approximately $446 million, while Talisman Energy Inc. (NYSE: TLM) bought Common’s Eagle Ford assets for approximately $359 million. Common Resources was founded in 2007, and backed by EnCap Investments, Pine Brook Road Partners and Soros Fund Management.
Denham Capital has agreed to sell its equity stake in Asphalt Holdings Inc. to NuStar Energy LP (NYSE: NS). The deal is valued at $44.1 million. AHI provides receipt, storage and distribution of asphalt and crude oil via marine vessels, barges, tank trucks and rail cars.
Denham Capital has agreed to sell Galveston LNG Inc. to the Canadian subsidiary of EOG Resources Inc. (NYSE: EOG). No financial terms were disclosed. Calgary-based Galveston LNG owns, via a subsidiary, a 49 percent interest in the planned liquefied natural gas (LNG) export terminal around 400 miles north of Vancouver.
Duke Street Capital is planning to put retailer The Original Factory Shop up for sale with a £200 million asking price, according to The Daily Telegraph.
Halifax Group has sold its majority equity stake in Taylor Companies LLC, a for-hire crude oil logistics company, to Gibson Energy ULC for an undisclosed amount.
J.F. Lehman & Co. has agreed to sell Atlantic Marine Holding Co. to BAE Systems for $352 million in cash. Atlantic Marine provides vessel maintenance, repair, overhaul and conversion, marine fabrication and ship construction services.
KKR has agreed to sell East Resources Inc. to Royal Dutch Shell (NYSE: RDS) for approximately $4.7 billion in cash. East Resources is a natural gas company focused on the Marcellus shale.
KKR plans to help underwrite the $1.15 billion IPO of portfolio company NXP Semiconductor, according to a revised SEC filing.
Kohlberg & Co. has sold U.S. Infrastructure Corp., a provider of outsourced sub-surface utility locating services in the U.S., to OMERS Private Equity. No financial terms were disclosed for the deal, which was managed by Harris William s & Co.
Mirion Technologies Inc., a radiation detection and monitoring company owned by American Capital, has canceled IPO plans due to “market conditions.” The company had planned to sell 11 million shares at between $15 and $17 per share.
Nautic Partners has completed its previously-announced sale of Medegen, a Scottsdale, Ariz.-based developer of infusion therapy solutions, to CareFusion Corp. (NYSE: CFN). The deal was valued at $225 million in cash. Nautic reports that the deal provides it with a 3.5x cash-on-cash return.
Navarre Corp. (Nasdaq: NAVR) has acquired the assets of Punch Software, a Kansas City-based provider of home design and CAD software solutions. No financial terms were disclosed. Punch Software was a portfolio company of Insight Venture Partners.
NewPage Group Inc., a Miamisburg, Ohio-based coated paper manufacturer, has withdrawn plans for an $805 million IPO. It originally filed in May 2008, and planned to trade on the NYSE with Goldman Sachs serving as lead underwriter. No reason was given for the withdrawal. The company was formed in 2005, when Cerberus Management bought the coated paper operations of MeadWestvaco Corp. Last year it reported a $23 million net loss on $2.17 billion in net sales.
Ontex, a Belgian maker of diapers and wet wipes, reportedly may delay a planned flotation until the second half of this year. The company is owned by Candover, and is hoping to raise upwards of €500 million.
Palamon Capital Partners has sold theme park Mobie Park Germany to Spanish entertainment operator Parques Reunidos. No financial terms were disclosed. Palamon acquired Mobie Park Germany in 2004, as one of six theme parks bought from Six Flags. It sold the other six in 2006.
Palladium Equity Partners is in talks to sell Wise Foods, according to Bloomberg. Piper Jaffray is running the process.
Ply Gem Holdings Inc., a Cary, N.C.-based maker of exterior building products, has filed for a $300 million IPO. It plans to trade on the NYSE under ticker symbol PEGM, with J.P. Morgan and Goldman Sachs serving as co-lead underwriters. CI Capital is Ply Gem’s majority shareholder.
Progress Rail Services, a unit of Caterpillar, has agreed to acquire Electro-Motive Diesel, a provider of locomotive products, from Berkshire Partners and Greenbriar Equity Group. The deal is valued at $820 million in cash.
TDF said that it plans to sell of close its money-losing Finnish mobile broadband network. TDF backers include TPG, Caisse des Depots and AXA Private Equity.
Terra Firma Capital Partners reportedly is mulling the sale of a 49 percent stake in portfolio company EMI Group, in order to pay off debt.
Thermo Fisher Scientific Inc. (NYSE: TMO) has agreed to acquire Fermentas International Inc., a Burlington, Ontario-based maker of molecular biology products for use by researchers in university and commercial laboratories. The deal is valued at $260 million in cash. Summit Partners made a “significant minority investment” into Fermantas in 2007, but no financial terms were disclosed.
THL Partners has agreed to sell a majority stake in food supplier Michael Foods to GS Capital Partners for $1.7 billion. THL, which acquired the company in 2003, will retain a 20 percent ownership position.
Toys “R” Us, a Wayne, N.J.-based toy retailer, has filed for an $800 million IPO. It plans to trade on the NYSE, and lists a total of nine underwriters. Not among them is KKR, which joined Bain Capital and Vornado Realty Trust in acquiring Toys “R” Us in 2005 for $6.6 billion.
TSG Consumer Partners has agreed to sell Smashbox Beauty Cosmetics Inc. to The Estée Lauder Companies Inc. (NYSE: EL). No financial terms were disclosed.
Vitamin Shoppe Inc. (NYSE: VSI) has priced its secondary offering of nearly 6.24 million shares at per share. Sellers were expected to include private equity firm Irving Place Capital, whichheld a 52.7 percent pre-offering position (14.25 million shares). The retailer last fall raised $162.1 million in its IPO, pricing its shares at $17 a piece.