Advent International has sold its majority stake in Scitum, a Mexican provider of IT security services, to Teléfonos de México. No financial terms were disclosed.
Aryzta, a listed Swiss bakery, has paid $900 million to acquire Fresh Start Bakeries from Linsday Goldberg and another $180 million to acquire Great Kitchens from Arbor Investments.
BASF has in principle agreed to acquire German additives maker Cognis from Permira and GS Capital Partners, according to Reuters, publisher of Buyouts. The deal could be announced as early as next week, with a price-tag in excess of €3 billion.
Blue Equity has sold sports and entertainment platform BEST to Lagardere Unlimited for an undisclosed amount.
Bresnan Communications, a cable television company majority-owned by Providence Equity Partners, has received seven acquisition bids in excess of $1 billion. Suitors include Cablevision, Suddenlink Communications and John Malone.
Cablevision (NYSE: CVC) has agreed to buy Bresenan Communications from Providence Equity Partners for $1.365 billion. Bresnan provides cable and broadband services to more than 320,000 customers in Colorado, Montana, Wyoming and Utah.
Chr. Hansen, a Danish food ingredients maker owned by PAI Partners, raised around $520 million via an IPO that priced at the low end of its expected range subscribed IPO.
Fabrinet Inc., a Thailand-based provider of foundry services to optical component OEMs, has set its IPO terms to 8.5 million common shares being offered at between $12 and $14 per share. It would have an initial market cap of approximately $472 million, were it to price at the high end of its range. Fabrinet plans to trade on the NYSE under ticker symbol FN, with Morgan Stanley and Deutsche Bank Securities serving as co-lead underwriters. Shareholders include H&Q Asia Pacific (58.3 percent pre-IPO stake), JDS Uniphase Corp. (6.5 percent) and J.F. Shea Co. (6.5 percent).
Falck, a Danish ambulance group controlled by Nordic Capital, has abandoned plans for a listing on the Copenhagen stock exchange. Other shareholders include ATP Private Equity Partners and Swedish insurer Folksam.
Global Equity Capital has sold Sound Design Technologies, a maker of ultra-low-power semiconductor solutions, to ON Semiconductor Corp. (Nasdaq: ONNN). The deal included $22 million in cash and up to $10 million in earn-outs.
Grifols (Madrid: GRLS) has agreed to buy Talecris Biotherapeutics (Nasdaq: TLCR), a maker of plasma-based protein therapies, for $3.4 billion (plus $600 million in assumed debt). Talecris was formed in 2005 when Cerberus Capital Management and Ampersand Ventures bought the blood products unit of Bayer AG for $590 million. It went public last October.
Hearst Corp. has finalized a $325 million deal to buy digital marketing company iCrossing, whose shareholders include Goldman Sachs and Oak Investment Partners. The Jordan, Edmiston Group advised Hearst on the transaction, which a Wall Street Journal report last month had put at closer to $375 million.
Higher One Holdings Inc., a New Haven, Conn.-based provider of technology and payment services to the higher education industry, has set its IPO terms to 14.3 million shares being offered at between $15 and $17 per share. Lightyear Capital holds a 32 percent pre-IPO ownership position.
Irving Place Capital Partners has completed its previously-announced sale of a 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 Weitzmanhas retained the other 45 percent ownership position.
Logan’s Roadhouse, a Nashville, Tenn.-based chain of casual restaurants, has filed for a $200 million IPO. It plans to trade on the Nasdaq under ticker symbol LGNS, with Credit Suisse serving as lead underwriter. Shareholders include Bruckmann, Rosser, Sherrill & Co., Black Canyon Capital and Performance Equity Management.
LPL Financial, a U.S. brokerage, has filed for a $600 million IPO. Hellman & Friedman and TPG acquired a 60 percent stake in the company four years ago at an enterprise value of about $2.5 billion. According to the S-1 filing, the two firms now own a combined 72 percent.
Metropark USA Inc., a City of Industry-based specialty retailer whose mall-based stores are focused on fashion-oriented 20- to 30-year-olds, has withdrawn registration for a $100 million IPO. The company cited “changed circumstances regarding the securities market.” Metropark originally filed for the IPO in June 2008, with Goldman Sachs serving as lead underwriter. It raised a small amount of expansion capital in 2007 from Claritas Capital.
Nielsen Holdings BV, the world’s largest TV and consumer measurement company, has filed for a $1.75 billion IPO. J.P. Morgan and Goldman Sachs are serving as co-lead underwriters. Nielsen was taken private for around $10 billion in 2006, by KKR (19.65 percent pre-IPO position), THL Partners (19.65 percent), The Carlyle Group (19.35 percent), The Blackstone Group (19.35 percent), Hellman & Friedman (9.32 percent) and AlpInvest Partners (6.59 percent).
Ontario Teachers’ Pension Plan is looking to sell its 35.3 percent stake in Maple Leaf Foods Inc. (TO: MFI), according to The Globe and Mail. The stake is valued at around C$450 million.
Pfingsten Partners has sold Technical Service for Electronics, an Arlington, Minn.-based maker of engineered interconnect solutions for the medical device industry, to Amtek Inc. (NYSE: AME). No financial terms were disclosed.
Porter Airlines, a regional Canadian carrier, has suspended its planned C$120 million IPO. Shareholders include EdgeStone Capital Partners, OMERS and GE Asset Management.
Riverside Company has sold Houston-based environmental consultancy Entrix Inc. to Cardno Ltd. (ASX: CDD). No financial terms were disclosed, except that Riverside reports a 20 percent gross IRR and a 2.8 percent gross cash-on-cash return.
TDC, a Danish telecom company backed by several PE firms, is unlikely to proceed with a share sale later this year.
Tornier BV, a Dutch medical device company focused on surgeons that treat musculoskeletal injuries and disorders, has filed for a $205 million IPO. It plans to trade on the Nasdaq under ticker symbol TRNX, with BoA Merrill Lynch and J.P. Morgan serving as co-lead underwriters. The company reported 2009 revenue of approximately $201 million, which is up from $177 million it reported in 2008. Consolidated net loss grew to $55 million from $34 million. Shareholders include Warburg Pincus, The Vertical Group and company management.
Ventizz Capital Partners has sold Gish Biomedical to Sorin Group (Milan: SRN), for an undisclosed amount. Gish Biomedical is a Rancho Santa Margarita, Calif.-based maker of disposable medical devices for cardiovascular surgery.