3i Group is planning to sell a pair of German portfolio companies: Norma Group, a maker of metal and plastic engineered joining products, that it hopes will go for more than €800 million; and engine maker Motoren-Werke Mannheim, which could garner €500 million.
ABRY Partners reportedly is planning to sell alarm monitoring company Monitronics, with an asking price of around $1 billion. Moelis & Co. and Citi are managing the process.
ABRY Partners has completed its sale of CapRock Communications to Harris Corp. 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.
Allied World Assurance Holdings Ltd has bought back $250 million worth of stock from GS Capital Partners and other Goldman Sachs funds.
Baird Capital Partners Europe has sold Paddock Holdings Ltd., a British manufacturer of multipoint door locks, to Sweden’s Assa Abloy. No financial terms were disclosed, although BCPE reported a 2.7x return on its £8.9 million investment from four years ago.
Barclays Private Equity reportedly is in advanced talks to sell its majority stake in German health services company GHD.
Charterhouse Group has agreed to sell NewPath Networks Inc. to Crown Castle International Corp., for $115 million. NewPath is a Seattle-based developer and operator of distributed antenna system networks.
Cornerstone Healthcare Group, a portfolio company of Highland Capital Management, has merged with Solara Healthcare. Both companies are Dallas-based providers of long-term acute care hospital services. No financial terms were disclosed.
Jet Broadband Holdings, a portfolio company of MCG Capital, has completed the sale of its cable operations to Shentel Cable Co., a wholly owned subsidiary of Shenandoah Telecommunications Co., peHUB has learned. The deal was valued at $148 million. Waller Capital Partners advised Jet Broadband whileLazard Freres advised Shentel.
The Jordan Co. has agreed to sell health care products distributor Harrington Holdings to Clayton, Dubilier & Rice and GS Capital Partners for $850 million.
Lone Star Funds is putting supermarket chain Bi-Lo up for sale, just two months after the company emerged from bankruptcy protection. Lone Star paid $660 million to acquire Bi-Lo in 2005 from Royal Ahold.
MakeMyTrip Ltd, an Indian online travel portal, has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol MMYT, with Morgan Stanley serving as lead underwriter. The company reports a $6.2 million loss for the fiscal year ending March 31, on $83.56 million in revenue. Shareholders include Softbank Asia Infrastructure Fund (51.32 percent pre-IPO stake), Tiger Global Private Investment Partners (12.14 percent), Helion Ventures (11.97 percent) and Sierra Ventures (7.98 percent).
Natural Gas Partners has sold CRC-Evans International to Stanley Black & Decker for $445 million in cash. Houston-based CRC-Evans provides tools, equipment and services for the construction of oil and natural gas transmission.
Panther Expedited Services, a freight transportation company backed by Fenway Partners, has filed for a $100 million IPO.
Pearson has agreed to acquire Wall Street Institute from The Carlyle Group and Citi Private Equity for $92 million. WSI is a global provider of spoken English training for adults.
Skype, a Luxembourg-based online communication platform, has filed for a $100 million IPO. It plans to trade on the Nasdaq, with Morgan Stanley, Goldman Sachs and J.P. Morgan serving as co-lead underwriters. Last November, eBay sold a 65% stake in Skype for $1.9 billion, to an investor group that included Silver Lake Partners, Andreessen Horowitz, Index Ventures and Canada Pension Plan Investment Board. For the six months ending June 30, 2009, the company reports $41 million in net income on $551 million in revenue.
TA Associates has agreed to sell its majority stake in eDreams Group, a Madrid-based online travel agent and issuer of airline tickets, to Permira.
Trilantic Capital Partners has agreed to sell tuna canner MW Brands to Thai Union Frozen Products Plc for €680 million.
UCI International, an Evansville, Ind.-based provider of replacement parts for light and heavy-duty vehicles, has filed for a $200 million IPO. It plans to trade on the NYSE under ticker symbol UCII, with BoA Merrill Lynch and Deutsche Bank Securities serving as co-lead underwriters. For the fiscal year ending March 31, the company reports $20.2 million in net income on $895.4 million in revenue. The Carlyle Group holds a 90.8 percent ownership position.
Veritas Capital has agreed to sell McNeil Technologies Inc. to Aecom Technology Corp. for around $355 million in cash. McNeil provides mission-critical services to U.S. federal government clients.
Wright Express Corp. has agreed to acquire the Australian assets of Retail Decisions for A$353 million (US$318m), from Palamon Capital Partners, AlpInvest Partners and Morgan Stanley Alternative Investment Partners. The deal includes fleet and prepaid card businesses.
Yashili Group Co Ltd., a Chinese infant baby food maker, reportedly plans to go public later this year. The Carlyle Group owns a 17.3 percent stake.