Advent International has retained I-bank Rothschild to sell German drug company Viatris GmbH & Co. Likely bidders are reported to include Altana AG, Almirall Prodesfarma SA, Chiesi Farmaceutici SpA and Cinven. Advent acquired Viatris from Degussa AG in 2002.
Baring Private Equity Partners reportedly is in talks to sell its 35.6% stake in publicly-traded Indian software and back-office services provider MphasiS BFL Ltd.
The Blackstone Group has agreed to sell CD and DVD retailer The Columbia House Co. to BMG Direct, a division of DirectGroup Bertelsmann. No deal terms were disclosed. Blackstone originally acquired Columbia House from AOL Time Warner and Sony Corp. in 2002, with both sellers retaining a minority ownership position.
The Carlyle Group and Eurazeo are considering a sale of French tile and brick maker Terreal, according to reports.
Carlyle Japan Partners has agreed to sell Japanese medical device company Colin Medical Technology Co. to Omron Corp.
Cognex Corp. (Nasdaq: CGNX) has bought DVT Corp., Duluth, Ga.-based maker of machine vision systems that was acquired by Arcapita Inc. (f.k.a. Crescent Capital Investments) in late 1999. The deal is valued at $115 million in cash, plus a possible $11 million in earn-out payments.
GTCR Golder Rauner has sold Ft. Washington, Pa.-based Genpass Inc. to U.S. Bank, a subsidiary of U.S. Bancorp (NYSE: USB). Genpass was formed in July 2000 by GTCR and company management to acquire the ATM business of Affiliated Computer Services Inc. It is currently the second-largest ATM processor in the U.S. No financial terms were disclosed on the sale to U.S. Bank, which saw Citigroup Global Markets serve as financial advisor to Genpass.
Linsalata Capital Partners has agreed to sell Eagle Window & Door Inc. to Anderson Corp. No financial terms were disclosed for the deal, which is expected to close in May. Eagle Window & Door is a Dubuque, Iowa-based manufacturer of aluminum-clad wood windows and doors for high-end residential and commercial construction. It was acquired by Linsalata in 2002.
Mando Corp., a South Korea-based car parts company, is being put up for sale by owners JPMorgan Partners and Affinity Capital, according to The Financial Times. The asking price is reported to be between $1.5 billion and $2 billion.
Metavante Corp., a financial technology subsidiary of Marshall & Ilsley Corp. (NYSE: MI), has agreed to acquire Med-i-Bank Inc., a Waltham, Mass.-based provider of electronic payment services for employee benefit and consumer-directed health care accounts. The deal is valued at $145 million, including $138 million worth of M&I common stock. Med-i-Bank is a portfolio company of Wind Point Partners.
Western Inventory Service, a Toronto-based portfolio company of ONCAP LP, has acquired Washington Inventory Service, a San Diego-based portfolio company of Sterling Investment Partners. The combined inventory and asset management company will be renamed WIS International, and be owned by ONCAP and company management.
Compiled by Dan Primack