Australian mid-market shop Anacacia Capital exited Lomb Scientific, selling it to Thermo Fisher Scientific Inc. for an undisclosed sum. A source familiar with the transaction said the PE firm bagged an 80 percent IRR on its investment following a three-year hold. For Thermo Fisher, the transaction represents a continued trend throughout 2010 of buying private backers’ assets. In May, it bought Fermentas International from investors including Summit Partners and in March the company completed a deal to buy Ahura Scientific, which raised funds from investors including ARCH Venture Partners and Fuse Capital.
Bruckmann Rosser Sherrill & Co.
completed its sale of Seroyal to Atrium Innovations Inc. Seroyal sells nutritional supplements under the Genestra and Pharmax brands. The sale was the first exit for BRS Fund III, netting a gross IRR of approximately 77 percent.
’s fifth fund sold its Metro Door investment to an undisclosed NYSE-listed provider of specialized business services. Terms of the transaction were not publicized, either. Robert W. Baird & Co. was financial advisor to Metro Door. Brynwood Partners closed its Fund VI last year with $305 million of committed capital.
The Carlyle Group
has partially exited its investment in China Pacific Insurance, selling an $860 million stake in the company, Reuters reported. The Washington, D.C.-based buyout shop paid roughly $800 million between 2005 and 2007 for its stake in China Pacific. Before the sell-down, Carlyle held a 15.4 percent stake in China Pacific’s overall outstanding shares, Reuters said. The firm plans to sell an additional $1.8 billion stake, or 415 million shares.
The Carlyle Group
has chosen Nordic buyout shop IK Investment Partners as the preferred bidder for company formation firm Offshore Incorporations HK Ltd., Reuters reported. Affinity Equity Partners and Bain Capital also made final bids for Offshore, which specializes in company formation in Anguilla, the Bahamas, the British Virgin Islands and the Cayman Islands, Reuters said. Bids are believed to have come in between $250 million and $300 million.
Centre Partners Management has sold Quickie Manufacturing Corp. to Jarden Corp. Financial terms were not disclosed. Cinnamsinson, N.J.-based Quickie provides housecleaning tools like brooms, mops and dustpans. Centre Partners, has offices in New York and Los Angeles. Sawaya Segalas & Co. advised Quickie in the sale.
Cerberus Capital Management will receive roughly $70 million from Perry Ellis International Inc. for Rafaella Apparel Group, Reuters reported. The deal is expected to close by the end of January. Rafaella, which sells its sportswear and workwear in department stores, had revenues of roughly $122 million for the trailing 12-month period ended Sept. 30, Reuters wrote.
Santa Monica, Calif.-based Colony Capital is in talks to sell a minority stake in the French soccer club Paris Saint Germain, Reuters reported. The firm declined to release the name of potential investors, Reuters said.
Swedish private equity firm EQT is likely to receive a bid for portfolio company Kabel Baden-Wuerttemberg GmbH & Co KG, a German cable operator, from U.S. cable operator Liberty Global, Reuters reported, citing an article from Bloomberg. Liberty Global has hired Goldman Sachs to advise on a potential offer, Bloomberg reported.
Fresenius Medical Care will pay 485 euros ($649.5 million) for International Dialysis Centers, a company currently owned by private equity-backed Euromedic International, Reuters reported. Fresenius is the world’s largest dialysis company. International Dialysis operates 70 clinics, mainly in Eastern Europe. Its parent company, Euromedic, is owned by Merrill Lynch’s private equity arm and by Swiss billionaire Ernesto Bertarelli, Reuters said.The Gores Group said it has closed the sale of Vincotech Holdings Sàrl to Mitsubishi Electric Corp. Financial terms weren’t disclosed. Vincotech, of Germany, develops and makes lower-power power modules used in inverters for industrial applications and power conditioners for solar power. Gores, of Los Angeles, announced the sale in December.
Goldman Sachs will sell its $446 million stake in Japanese golf course operator Accordia Golf, Reuters reported. Goldman took the company public in 2006, and will sell its 44.7 percent share at the current market price, Reuters said. Goldman bought Accordia in the early 1990s.
High Street Capital
has sold Countryside Hospice Care to SolAmore Hospice, a unit of Sun Healthcare Group. The deal closed Dec. 29. Anniston, Ala.-based Countryside provides in-home hospice care.
InSite One Inc., the shared portfolio company belonging to buyout shop Primus Capital Funds and VC firm Allegra Partners, has entered into an agreement to be bought by Dell Inc. Harris Williams’ Jeff Bistrong, Derek Swaim, Sam Hendler, and Eric Kim worked on the transaction.
Publicly traded KBR has paid $280 million for Chicago-based Roberts & Schaefer Co., which is a subsidiary of private equity-backed Elgin National Industries. Roberts & Schaefer provides services and processing infrastructure to companies in the mining and minerals, power and industrial industries. Elgin National Industries is a portfolio company of the OCM/GFI Power Opportunities Fund II LP, a fund co-managed by Los-Angeles-based Oaktree Capital Management and GFI Energy Ventures.
Mizuho Financial Group plans to increase its ownership in consumer credit firm Orient Corp., buying ¥30 billion ($368 million) worth of shares from investors Morgan Stanley and Kohlberg Kravis Roberts & Co., Reuters reported. Morgan Stanley bought 35 billion yen worth of Orient Corp. in 2007, at the same time KKR invested 20 billion yen in the company. Mizuho, Japan’s second-largest bank by assets, already owns 27.2 percent of Orient. It now plans to buy 19.7 million additional shares from KKR and 30.6 million shares from Morgan Stanley, Reuters reported.
Monomoy Capital Partners has sold portfolio company SRC Inc. to Buckingham Capital and Stelaris Capital. Financial terms weren’t announced but Monomoy said the sale generated a 5x cash-on-cash return. Cleveland-based SRC produces fused magnesium flux, which is used in the production and recycling of magnesium and aluminum alloys.
Czech private equity fund Penta Investment may sell a minority stake in Polish retail chain Zabka on the Warsaw bourse, Reuters said. The stake was valued at more than 1 billion zlotys ($330 million), Reuters said.
German private equity firm Quadriga Capital has divested its stake in Francotyp-Postalia Holding AG. The private equity firm held at 26.3 percent stake in the professional mail management services company. The shares in Francotyp-Postalia were sold to unnamed institutional investors in Germany, France, Great Britain and Switzerland, the firm said.
Starwood Capital will sell the Paris landmark Hotel de Crillon to a Saudi investor, Reuters reported, pegging the value of the deal at roughly €250 million ($328.4 million). The name of the buyer was not released. Reuters reported that the buyer was an “eminent” member of the Saudi royal family.