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Exits

Arle Capital Partners, the former buyout arm of Candover Investments, has reignited talks to sell Capital Safety Group, Reuters reported, citing the Financial Times. Last month, Arle Capital stopped preparations for a sales auction due to turmoil in European markets. Capital Safety, a UK-based safety harness maker, is valued at up to £1 billion ($1.6 billion) including debt.

Boston firm Audax Group will sell its LewisGoetz to ERIKS NV after just a four year hold for the sponsor. Specifics on the deal were not publicized. Over the course of its ownership, Audax tagged on nine acquisitions to support LewisGoetz. Robert W. Baird represented LewisGoetz.

Chicago-based Bolder Capital has completed its sale of DANTOM Systems to Compass Partners, a New York firm, Compass Partners announced. Credit Suisse‘s Customized Fund Investment Group also invested in the deal. Financial terms weren’t disclosed. Wixom, Mich.-based DANTOM provides outsourced document management services and data solutions to the accounts receivable management industry. Madison Capital Funding, NXT Capital and Babson Capital provided debt financing. William Blair & Co. served as financial adviser to DANTOM.

BPV has completed a successful exit from Matrix Medical Network in a secondary buyout of the company to private equity firm Welsh, Carson, Anderson & Stowe. Matrix Medical Network is a provider of prospective health assessments for Medicare Advantage health plans. The company’s nurse practitioners provide in-home assessment services for more than 45 health plans and medical groups in 33 states.

CVC Capital Partners could reconsider its plan to sell Belgian chemicals company Taminco and Dutch supermarket chain C1000 and opt to recapitalize them instead, Reuters reported. Both companies have been put up for sale by CVC and attracted interest from trade buyers and buyout houses after first round bids were due in October.

Exponent Private Equity has sold Magicalia Media Ltd. to Immediate Media Co. The deal was announced by Hogan Lovells, a London-based law firm, which advised Exponent Private Equity. No terms were released. The sale was completed on Oct. 31.

Hammond, Kennedy, Whitney & Company has sold portfolio company NESCO, a provider of fleet equipment sales, rental and service primarily for the electric transmission and distribution to Los Angeles buyout firm Platinum Equity. Harris Williams & Co., a mid-market investment bank, announced the sale, on which it advised NESCO.

H.I.G. Capital has exited its portfolio company Ideal Image for $175 million to Steiner Leisure.

IK Investment Partners‘ sale of German outdoor sport surface maker Sport Group is in limbo as private equity firms reconsider bids for the company, Reuters reported. Bankers are concerned that Sport Group’s earnings could drop as the company is exposed to falling public spending, Reuters wrote. EQT, Nordic Capital and PAI Partners have been interested in the company, which had a price tag of around €200 million to €250 million ($275 million to $344 million). Nordic Capital has already pulled out of the process.

J.C. Flowers & Co. is set to reap a 2.5x return on its investment in Encore Capital Group Inc., Reuters reported. Encore, which buys bad consumer debt and then tries to recover the money, said it priced an underwritten public offering of 3.61 million shares by J.C. Flowers at $24.35 per share. J.C. Flowers originally bought into Encore in May 2007 at $9.75 per share for a total of $52.9 million, Reuters wrote.

KPS Capital Partners portfolio company Global Brass & Copper Holdings Inc. has filed with regulators to raise up to $150 million in an initial public offering of common stock.

Linden Capital Partners and The Edgewater Funds have sold disposable glove maker BarrierSafe Solutions International to The New York-based middle market firm Odyssey Investments. Terms of the deal weren’t disclosed. BarrierSafe, founded in 1999, is headquartered in Reno, Nev.

Lone Star is selling its entire stake in PGM Holdings, one of Japan’s largest golf course operators, for ¥39.5 billion ($521 million), Reuters reported. Lone Star has agreed to sell the 64 percent stake to Japanese pachinko machine maker Heiwa Corp.Lovell Minnick Partners has completed the sale of ALPS, a provider of asset servicing and asset gathering solutions to the asset management industry, to DST Systems for $250 million.

Madison Dearborn Partners has decided against selling TransUnion and will pursue a public offering for the credit reporting firm as originally planned, sources familiar with the matter told Reuters.

Malaysia-based Navis Capital Partners has exited its investment in King’s Safetywear Ltd, a maker of protective shoes for workers in factories, mines and other industrial environments. U.S. manufacturer Honeywell International Inc. is paying $338 million for the company, Reuters reported.

Mid-market firm Olympus Partners has sold the assets of the Black Flag and TAT brands from The Homax Group to Spectrum Brands Holdings, a global consumer products company with market-leading brands, Spectrum Brands announced . Financial terms of the all-cash transaction were not disclosed.

Party City Holdings Inc. may complete a $350 million initial public offering this year, Reuters reported, citing Bloomberg. The company, which sells balloons and party supplies, filed for the IPO in April. Advent owns 37 percent of Party City, while Berkshire Partners has 36.14 percent. Weston Presidio has 17.45 percent, according to SEC filings.

Praesidian Capital has exited its investment in Lucky Strike Entertainment, a company that operates upscale bowling centers in the U.S. and Canada. Praesidian invested $11 million of senior secured debt in Lucky Strike in April 2009. Praesidian exited its investment when Lucky Strike obtained financing from a new lender. No terms were released.

Speyside Equity has sold a majority stake in portfolio company United Initiators GmbH, and a minority stake in portfolio company Sweet Ovations, to Vision Capital. McDermott Will & Emery advised Speyside Equity, the law firm announced. Vision Capital is based in London. Terms were not released.

Time Warner has made a non-binding offer for debt-burdened Dutch TV production company Endemol, a spokesman for Endemol said, Reuters reported. The broadcaster is owned by Italian Prime Minister Silvio Berlusconi’s Mediaset, Goldman Sachs Capital Partners and Cyrte Investments, a boutique firm which manages Endemol founder John de Mol’s investments, Reuters reported.

Waud Capital portfolio company Pioneer Behavioral Health said its stockholders approved its planned sale to Acadia Healthcare. The deal was announced in May. Acadia, which operates 19 behavioral facilities around the country. The transaction was expected to close in November.