Private Exits

3i Group has agreed to sell Nordic Modular, a Swedish maker of modules for temporary buildings, to Kungsleden AB for approximately €100 million.

Asahi Tec Corp. of Japan has completed its $1.2 billion acquisition of Metaldyne Corp. from Heartland Industrial Partners and CSFB Private Equity. Metaldyne is a Plymouth, Mich.–based supplier of powertrain and chassis systems and components.

Basic Energy Services Inc. (NYSE: BAS) has agreed to acquire JetStar Consolidated Holdings Inc. from Parallel Investment Partners for approximately $120 million. The consideration includes $43.5 million worth of common stock and the repayment of outstanding JetStar debt, but excludes working capital. JetStar is a Dallas-based provider of oilfield pressure pumping services to independent oil and gas producers in the Mid-Continent region of North America.

Divergent Capital Partners of Australia has sold its “significant” stake in Visean Information Services, a Houston, Texas-based data management software vendor to the upstream oil & gas industry, to global oilfield services company Weatherford International (NYSE: WFT). No financial terms were disclosed.

ECI Partners has sold U.K.-based online hotel booking agency LateRooms to First Choice Holidays PLC for £108 million.

Harsco Corp. (NYSE: HSC) has agreed to acquire Excell Materials Inc., a Pittsburgh-based developer of minerals technologies for commercial applications through the reclamation and recycling of high value content from steelmaking slag, from Merit Capital Partners. No financial terms were disclosed. Excell posted 2006 sales in excess of $100 million.

Huron Capital has sold its position in Prostech Products Inc., a San Antonio, Texas-based manufacturer of exothermic temporary heat sources and catheters, for an undisclosed amount. Buyers were company management and existing individual shareholders, plus some commercial lenders. In 2003, Huron partnered with Pristech management to capitalize the company and fund the spinoff of a non-core division of a former Huron portfolio company.

Knology Inc. (Nasdaq: KNOL) has agreed to acquire PrairieWave Communications Inc., a Sioux Falls, S.D.-based provider of communications services in South Dakota, Minnesota and Iowa. The deal is valued at approximately $255 million, and is expected to close by June 30. PrairieWave is backed by Alta Communications and Banc of America Capital Investors.

North Castle Partners has completed its sale of Naked Juice Co. to PepsiCo (NYSE: PEP). No financial terms were disclosed. Naked Juice is an Azusa, Calif.-based premium juice company with annual sales in excess of $150 million.

North Castle Partners has completed its previously-announced sale of portfolio company Avalon Natural Products Inc. to The Hain Celestial Group Inc. (Nasdaq: HAIN) for $120 million. Avalon is a provider of natural products in the areas of skin care, hair care, bath and body and sun care.

North Dakota Television Holdings LLC has closed the sale of its television stations to Hoak Media LLC for an undisclosed amount. The deal represents an exit for North Dakota Television shareholders The Wicks Group of Companies, JPMorgan Partners and Halyard Capital.

Smith & Wesson Holding Corp. (Nasdaq: SWHC) has completed its acquisition of Rochester, N.H.-based hunting arms maker Thompson/Center Arms Inc. from TGV Partners. No financial terms were disclosed.

Television Station Group Holdings LLC, a portfolio company of Boston Ventures and Alta Communications, has sold WTAG-TV for $56 million to Nexstar Broadcasting Group Inc. (Nasdaq: NXST). WTAG serves the Johnstown/Altoona, Pa. market.

TransDigm Group Inc. (NYSE: TDG) has agreed to acquire Aviation Technologies Inc. from Odyssey Investment Partners for approximately $430 million in cash. ATI is a Seattle-based provider of products to the commercial and military aerospace markets, including flight deck and passenger audio systems, cabin lighting displays and brushless motors.

Visant Corp. has agreed to sell book printer Von Hoffman to RR Donnelley & Sons Co. (NYSE: RRD) for $412.5 million in cash. Vistant (a.k.a. Jostens) is owned by KKR and DLJ Merchant Banking Partners.