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Exits

Advent International of Boston has agreed to sell Sophis SA, a French provider of capital markets software, to Misys PLC, a British developer of financial software, for £375 million ($606 million) including debt.

Ahold is the last remaining bidder for Dutch retailer Hema, according to Reuters, citing Dutch daily Het Financieele Dagblad. In September, British-based Lion Capital LLP said it was exploring the potential sale of the business.

Apax Partners announced that it would sell its majority stake in IFCO Systems NV, which creates reusable packaging containers, to the Australian logistics company Brambles Ltd for €13.50 per share.

The Chicago buyout firm Arbor Investments has sold its stake in the Miami-based deli meats manufacturer National Deli to Chattanooga, Tenn.-based River Associates for 2.7x its investment. The parties withheld terms of the sale.

Booz Allen Hamilton Holding Corp. closed its first day of trading on the New York Stock Exchange at $19.25, 13.2 percent higher than its IPO price, Reuters said. The McLean, Virginia-based government consulting firm is majority owned by The Carlyle Group of Washington, D.C. Booz Allen Hamilton raised about $238 million through the sale of 14 million shares at $17 each. It had planned to sell shares in the range of $17 to $19.

The Carlyle Group will sell personal care product maker Philosophy to the perfume maker Coty in a deal valued at $1 billon, Reuters reported. Carlyle acquired Philosophy in 2007. Privately held Coty is the world’s largest fragrance company, and will use the acquisition to expand its Coty Prestige unit, Reuters said.

CLSA Capital Partners plans to sell Everlife in a deal that could be worth up to ¥70 billion ($840 million), Reuters reported, citing sources. CLSA hired Bank of America Merrill Lynch as an adviser and to sound out interest from other private equity firms and strategic investors, three people with direct knowledge of the matter said. CLSA Capital is Credit Agricole SA’s private equity business. Everlife is a Fukuoka, Japan-based food supplement maker.

Electra Private Equity plc sold its minority stake in Rio Trens Corp., which owns interest in a transportation company in Brazil. Electra Private said the deal represents an uplift of 69 pence per share from Electra’s net asset value on March 31 of 1,900 pence per share, based on exchange rates at the time of transaction. This valuation also reflects an additional investment made in June.

Far East Leasing plans to hold an initial public offering in Hong Kong in the first quarter of 2011, Reuters reported, citing banking sources. Far East Leasing, which is a subsidiary of Sinochem, seeks to raise $500 million from the IPO. Kohlberg Kravis Roberts & Co. is a backer.

Financiere Tintoretto SA launched a formal process to sell its 69 percent stake in the Italian retailer Gruppo Coin, Reuters reported. PAI Partners SAS of Paris is the majority owner of Financiere Tintoretto. Mediobanca SpA and UBS Italia SIM SpA were hired to advise Financiere Tintoretto on the sale.

Hana Financial Group has offered more than 4.5 trillion won ($3.98 billion) to acquire Lone Star Funds’s stake in Korea Exchange Bank, Reuters reported. Hana, which is South Korea’s fourth-largest financial services group by assets, confirmed it has having the discussions with the Dallas-based firm. Australia & New Zealand Banking Group Ltd is also interested in Korea Exchange Bank.

Norwalk, Conn.-based Kayak Software Corp. plans to raise as much as $50 million, Reuters reported, citing an IPO filing with the Securities and Exchange Commission. The operator of the Kayak.com Web site did not specify how many shares it plans to sell. Some of the major investors in the company that plan to sell shares in the IPO include General Catalyst Partners, Sequoia Capital, Accel Funds and Oak Investment Partners.

Kohlberg Kravis Roberts & Co. sold Duales System Deutschland GmbH to the company’s management team, which had support from U.K. private equity shop Solidus. Duales System is a waste manager based in German. Financial terms were not disclosed, but a person close to the company told Reuters the price was a low three-digit million euros sum. London-based technology company Laird plc said that it will pay £56.5 million ($90 million) for Cattron Group, a wireless and automation technology company owned by investors including private equity firms RFE Investment Partners, Weatherly Group, and Argosy Investment Partners. The deal will help Laird expand its software-driven products, the company said. Cattron is based in Sharpsville, Pa.

LPL Investment Holdings Inc. sold 15.7 million shares for $30 each through an IPO, Reuters reported. LPL Investment had planned to sell 15.6 million shares and the IPO price came in at the high end of the anticipated $27-to-$30-a-share range. LPL Investment raised $469.7 million and has a market value of more than $3.2 billion. However, the Boston, Mass.-based company initially filed to raise as much as $600 million. The offering allows TPG and Hellman & Friedman to cut their equity stakes to about 32 percent each from 36.3 percent, Reuters reported. LPL Investment’s shares will change hands on Nasdaq under the “LPLA” symbol.

Palisades Associates, a Bethesda, Maryland-based private equity firm, has agreed to sell TVC Communications LLC to WESCO International Inc.’s WESCO Distribution Inc. TVC, of Annville, Pa., distributes broadband communications network infrastructure products. WESCO is a distributor of electrical construction products.

Racebrook Capital LLC of New York plans to auction a portfolio of 150 U.S. consumer products and retail brands on Dec. 8. The brands cover 13 business categories including personal care, food & beverage, corporate, apparel, home, consumer goods, technology, financial institutions, toys, travel, magazine, environmental and sports. Some of the brands on the block include: American Brands Inc., Handi-Wrap and Meister Brau.

The Riverside Company said it has completed the sale of Hardware Resources, a Bossier City, La.-based maker of cabinet and vanity supplies, to St. Louis buyout firm Harbour Group. Financial terms weren’t announced. The deal produced a 24 percent gross IRR and 3.8x gross cash-on-cash return, Riverside said. Harris Williams provided financial advice to Hardware Resources.

Sagard SAS of Paris has held informal talks to sell Souriau, Reuters reported, citing people with direct knowledge of the matter. Souriau is worth upwards of €500 million ($675 million), according to one source close to the deal. Sagard acquired the electric connectors business from AZA Private Equity in 2006.

TDC’s private equity owners are looking to sell some of their stake in the Danish telecommunications group, Reuters said. Apax Partners, Blackstone, Kohlberg Kravis Roberts, Permira Advisers and Providence Equity Partners own nearly 88 percent of TDC. Two sources familiar with the matter said the private equity owners would sell about $2.9 billion worth of TDC stock. The sellers would remain significant shareholders in TDC after the transaction.

TPG Capital and General Atlantic LLC plan to exit Lenovo through the sale of $201 million worth of shares in the personal computer company, Reuters reported, citing sources. The placement involves selling 282.26 million shares at between HK$5.45 and HK$5.53, according to one source familiar with the transaction.

Unitas Capital Pte. Ltd.’s Chief Executive Officer Andrew Liu expressed an interest in the auction of 3i Group’s PLC’s Hyva, Reuters said. Liu didn’t mention the Netherlands-based pump maker by name, but the comment was made when asked about Hyva’s auction at the AVCJ Private Equity Forum.

New York buyout firm Welsh Carson has signed a deal to sell Concentra to Humana for about $790 million cash, Humana said. Addison, Texas-based Concentra provides occupational medicine, urgent care, physical therapy and wellness services to workers and customers from more than 300 medical centers in 42 states. Welsh Carson bought Concentra in 1998. The sale is expected to close in December.