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Apollo Global Management is in talks to sell oil company Parallel Petroleum to South Korean trading company Samsung C&T, Reuters reported. Samsung C&T is an affiliate of conglomerate Samsung Group. Parallel, based in Midland, Texas, develops and invests in “long-lived” oil and natural gas fields in West Texas and New Mexico, Reuters wrote.

The Blackstone Group is expected to sell its 50 percent equity stake in London’s Broadgate development for up to 600 million pounds ($944 million) in 2012, possibly reaping an eight-fold return on investment, two sources told Reuters. The U.S. private equity company, one of the largest property investors in the world, is in the early stages of garnering interest from selected global pension funds and at least one sovereign wealth fund, one source familiar with the matter said.

BMG Rights Management will pay about $300 million to buy Los Angeles song publisher Bug Music, beating out bidders including “American Idol” creator Simon Fuller, Reuters reported. Bug Music owns the rights to songs including “What a Wonderful World” and “Under The Boardwalk.” The company is currently owned by Spectrum Equity Investors. BMG Rights is a joint venture of giant German media company Bertelsmann and Kohlberg Kravis Roberts & Co.BV Investment Partners is selling Louisiana-based broadband services provider Vision Communications to EATEL. Terms of the deal, which is expected to close in the fourth quarter, were not disclosed. BV acquired the company in late 2007.

The European firm Cognetas is set to sell service station equipment provider Tokheim for €400 million ($547.6 million), Reuters reported. First-round bids for the Paris-based company are due in October. Cognetas bought Tokheim in 2005 from Axa Private Equity for around €250 million, backed by €220 million of debt, Reuters wrote. In 2007 Apax recapitalized the deal, bringing debt up to €265 million.

Fortis Healthcare International has pulled out of talks to buy a controlling stake in Turkish hospital group Acibadem, Reuters reported. The stake is being sold by Almond Holding, a vehicle owned jointly by Dubai-based private equity firm Abraaj Capital and Turkey’s Aydinlar family. Acibadem has a market value of about $1.2 billion.

Houston-based Genesis Park LP and El Paso Corp. have agreed to sell Alpheus Communications, one of the largest fiber network and data center operators in Texas, to Los Angeles-based Gores Group, Gores announced. Terms were not released. Gores plans to combine Alpheus with First Communications, an existing portfolio company.

Middle-market buyout shop Genstar Capital has exited its investment in GenWoods HoldCo., selling the company to publicly traded Blount International Inc. for $185 million. GenWoods subsidiary Woods Equipment Co. is a maker and after-market distributor of attachments and implements for the agriculture, grounds care and construction industries. Genstar is based in San Francisco.

IK Investment is planning to sell German outdoor sport surface maker Sport Group, Reuters said, in a deal that could value the company as high as €250 million ($340.1 million). IK Investment bought Sport Group in 2006 from funds advised by ECM. Sport Group installs artificial turf fields and tracks, including running tracks.

Investcorp has agreed to sell portfolio company Accuity Holdings Inc. to Reed Elsevier for £343 million ($532.6 million) in cash, the two firms announced. Accuity is an online subscription-based data technology provider for the financial services industry.

OpenAir Equity Partners has exited its investment in Zave Networks, selling the company to Google in early September. Terms were not released. OpenAir Equity Partners is a Kansas City-based firm specializing in the wireless, communications and mobile Internet sectors.

Origo Partners is looking to sell Mongolia-focused coking coal company Gobi Coal and Energy for as much as $750 million, Reuters reported, citing news by Bloomberg. Origo Partners is a Beijing-based buyout firm. Gobi Coal, which was set up in 2004 to mainly produce and export coking coal to China, is also looking to go public in Toronto, according to Bloomberg.

Private equity firm Safeguard International is in talks to sell a majority stake in German supplier PFW to plane maker Airbus, Reuters reported. The company is facing a liquidity squeeze.

Japanese buyout shop Tokio Marine Capital has hired Citigroup to advise on the sale of generic drug company Showa Yakuhin Kako Co., Reuters reported, citing a Basis Point report. Tokio Marine Capital led a consortium to buy the asset from JAFCO for around ¥40 billion in 2008, equivalent to around $400 million including debt at that time. The consortium included Polaris Capital Group and PineBridge Investments, Reuters wrote.

Stonehenge Growth Equity has exited its investment in Tampa, Fla.-based online education and training company VectorLearning, the firm announced. The profitable exit was part of a recapitalization of VectorLearning completed by LLR Partners. Terms of the exit were not released, though LLR Partners said in August that it was putting $24 million into VectorLearning.

Technology Crossover Ventures has cut its stake in MarketAxess Holdings Inc. to 1.9 percent, Reuters reported. The private equity firm held a reported 5.5 percent of the company in May, making it one of the largest shareholders. MarketAxess, which has a market value of $914 million, was formed in 2000 by Bear Stearns, Chase Manhattan and J.P. Morgan to create an online multi dealer credit markets platform, Reuters wrote.

Ventizz Capital Fund IV LP has acquired a majority stake in the Bavarian Thomas-Krenn AG. The fund bought its stake from company founders Thomas Krenn and Max Wittenzellner and from BayBG, a Bavarian private equity company. Terms of the deal were not released. Thomas-Krenn was formed in 2002 and develops server technology and hosting services.

Warburg Pincus will recapitalize Consolidated Precisions Corp., a California-based company that makes products for commercial aerospace and defense markets. Arlington Capital Partners, based in Washington, D.C., is CPP’s current sponsor. Terms of the transaction were not publicized.