Automatic Data Processing (Nasdaq: ADP) has agreed to acquire The Cobalt Group, a Seattle-based provider of digital marketing solutions for auto manufacturers and auto dealers. The deal is valued at approximately $400 million in cash, and is expected to close within the next two weeks. Cobalt Group was taken private by Warburg Pincus in 2001, and has since raised about $85 million from Warburg, ABS Capital Partners and Oak Investment Partners.

Bain Capital is selling Italian tax and payroll company TeamSystem for up to €600 million. Second-round bidders include Sage (LSE: SGE), Advent International, Cinven and HgCapital.

BC Partners and Silver Lake Partners have agreed to buy MultiPlan, a provider of health care cost management services to insurers and health plan administrators, from The Carlyle Group and Welsh, Carson, Anderson & Stowe. The deal is valued at approximately $3.1 billion.

Body Central, a Jacksonville, Fla.-based apparel retailer focused on women in their late teens and twenties, has filed for an $86.25 million IPO. It plans to trade on the Nasdaq under ticker symbol BODY, with Piper Jaffray and Jefferies & Co. serving as co-lead underwriters. The company reports $2.78 million in net income for 2009, on $198 million in revenue. WestView Capital Partners holds a 31.57 percent pre-IPO ownership position, while PineBridge Investments holds a 29.84 percent stake.

Bravo Brio Restaurant Group Inc., which is backed by is backed by Bruckmann, Rosser, Sherrill & Co. and Castle Harlan, filed with U.S. regulators on July 2 to raise up to $172.5 million in an initial public offering of common stock.

Darby Overseas has sold its 28.7 percent stake in Termobarranquilla SA, a Columbian gas-fired power plant, to Golden Gate Energy Investments. No financial terms were disclosed.

Camelot Information Systems Inc., a Beijing-based provider of enterprise application services and financial industry IT services in China, has set its IPO terms to 13.33 million American depository shares being offered at between $11 and $13 per share. The company plans to trade on the NYSE under ticker symbol CIS, with Barclays Capital and Goldman Sachs (Asia) serving as co-lead underwriters. It reports a 2009 profit of $36 million on around $118 million in revenue. Citigroup Venture Capital holds a 29 percent pre-IPO stake.

Energy Capital Partners has sold solar development company NextLight Renewable Power LLC to First Solar Inc. (Nasdaq: FSLR). The deal was valued at approximately $297 million in cash.

EQT Partners has sold Aleris Holding to Investor AB for SEK 4.4 billion. EQT Partners, a private equity firm, said Aleris was sold through an auction process and received strong interest from both strategic and financial buyers. Aleris is a pan-Scandinavian health care service operator. Investor AB, an industrial holding company, is part of the Wallenberg family.

Hexagon AB has agreed to acquire Intergraph, a provider of enterprise engineering software to the process, power and marine industries, for approximately $2.13 billion. Intergraph was taken private in 2006 by Hellman & Friedman, TPG and JMI Equity.

Global Aviation Holdings Inc., an air transport services provider, filed for an IPO of up to $100 million. The company said it would use proceeds from the offering mainly to repay debt. It did not say how many shares it plans to sell or provide an expected price range. The underwriters are led by Morgan Stanley and Jefferies. The company is expected to trade on the Nasdaq under the symbol GLAH. The company posted revenue of $298.5 million in the three months ended March 31, up 10 percent from $270.6 million a year earlier. It posted a net loss of $447,000, compared with net income of $39.1 million a year ago. Global Aviation is a portfolio company of MatlinPatterson.

Lightyear Capital of New York has completed its sale of NAU Group to QBE Holdings Inc. QBE has made a cash payment of $565 million. NAU, of Ramsey, Minn., is a writer and manager of multi-peril crop insurance.

Molycorp Inc., a Greenwood Village, Colo.-based rare earth mining company, set its IPO terms to around 28.13 million common shares being offered at between $15 and $17 per share. It would have an initial market cap of approximately $1.38 billion, were it to price at the high end of its range. The company plans to trade on the NYSE under ticker symbol MCP, with J.P. Morgan and Morgan Stanley serving as co-lead underwriters. It reported a $28.6 million net loss for 2009 on around $7 million in net sales. The company was created in 2008 when Chevron Mining sold its Mountain Pass operations to an acquisition company formed by Pegasus Partners, Goldman Sachs, Traxys North America and Carint Group.

Palamon Capital Partners is selling online fashion retailer Dress for Less, people familiar with the situation told Reuters. The European mid-market firm has received approaches for the business, based in Germany, which it bought for an undisclosed sum at the end of 2007, the sources said. One source said the business could fetch about €400 million ($488.2 million).

Quadrangle Group is putting rural cable and broadband provider Hargray Communications Group Inc. up for auction, according to The Wall Street Journal. The deal could generate upwards of $400 million.

Riverside Company has sold Veritext Holding Co., a provider of deposition and litigation support services to law firms, to Investcorp. No financial terms were disclosed.

Riverside Company has agreed to sell Teufel Speakers GmbH to HgCapital, a private equity firm targeting the European sector. Financial terms were not disclosed. Teufel is a designer and online retailer of loudspeaker systems in Germany.

SafeNet Inc., a Belcamp, Md.-based information security company owned by Vector Capital, has filed for a $300 million IPO. The company plans to trade on the Nasdaq under ticker symbol SAFE, with Morgan Stanley, Goldman Sachs and J.P. Morgan serving as co-lead underwriters. The company reported a $49.7 million net loss in 2009 on $403.7 million in revenue. This compares to a $126.5 million net loss in 2008 on $329 million in revenue.

SonicWall Inc. (Nasdaq: SNWL) said the third-party bidder that offered to acquire SonicWall for $12 per share is no longer pursuing the deal. The IT security company will continue to recommend an $11.50 per share offer from private equity firm Thoma Bravo.

THL Partners has completed the sale of its majority stake in food supplier Michael Foods to GS Capital Partners for $1.7 billion. THL, which acquired the company in 2003, has retained a 20 percent ownership position.

TowerBrook Capital Partners is looking to sell German latex producer PolymerLatex, according to Bloomberg. No asking price was reported. The company generated nearly €400 million in 2009 sales.

Travelport, the travel services company majority owned by The Blackstone Group, is now looking to go public in New York, according to the Financial Times. Travelport had planned to launch an IPO in London but scrapped it after growing uncertainty in the European market.

Willbros Group Inc. has completed its acquisition of InfrastruX Group Inc., a utilities services company backed by Tenaska Capital Management. The deal was valued at $480 million in cash and stock. The deal closing was disclosed in an SEC document filed by InfrastruX, in which the company pulled registration for a $290 million IPO. Tenaska acquired InfrastruX from Puget Energy Inc. for $275 million in 2006.