Private Exits

Allied Capital has sold portfolio company Palm Coast Data Holdco Inc. to Kable Media Services Inc., a wholly-owned subsidiary of AMREP Corp. (NYSE: AXR). The deal was valued at $92 million. Palm Coast is a Palm Coast, Fla.-based provider of fulfillment services to U.S. publishers of magazines and to membership associations. Allied acquired the company in partnership with management in August 2005, and held an 85.7% stake.

Barclays Private Equity has agreed to sell UK-based fashion retailer Phase Eight to a group led by Icelandic bank Kaupthing. The deal is valued at £51.5 million (approx. $100 million.)

Blackstreet Capital Management has sold ThermoView Industries Inc., a manufacturer and marketer of home improvement products and services, to company management. No financial terms were disclosed. Blackstreet originally purchased ThermoView while it was reorganizing under Chapter 11 in September 2005.

Champlain Capital Partners has sold its stake in Totowa N.J.-based luggage manufacturer Badanco Enterprises Inc. to Randa Corp. for $63 million.

Courtside Acquisition Corp. (AMEX: CRB) has agreed to acquire American Community Newspapers LLC from Spire Capital Partners, Wachovia Capital Partners and members of CAN’s senior management. The deal is valued at $165 million, plus up to $25 million in possible earnouts. ACN is a group of 73 publications, comprised of 60 weekly suburban newspapers, three daily newspapers and 10 niche publications, and operates in Minneapolis/St Paul, Dallas/Ft. Worth and suburban Washington DC. HgCapital has agreed to sell German provider of industrial automation and networking equipment Hirschmann Automation and Control GmbH to Belden CDT for $260 million in cash (plus the assumption of $60 million in liabilities).

Electra Private Equity has put Capital Safety on the block for between $400 million and $500 million, according to The Financial Times. Close Brothers will help manage the sale. Capital Safety is manufacturer of safety harnesses and other related equipment for construction workers.

Halyard Capital has agreed to sell Dallas-based community newspaper publisher American Consolidated Media to Macquarie Media Group for $80 million.

HM Capital Partners has put meatpacker Swift & Co. on the block, just months after a federal raid on illegal immigrants resulted in 1,282 Swift workers being arrested. HM and fellow shareholder Booth Creek Management have retained JPMorgan to review strategic and financial alternatives. The two firms acquired Swift from ConAgra Foods in 2002 for approximately $1.4 billion.

Gresham Private Equity has sold UK childcare provider Busy Bee Group Ltd. to ABC Learning Centres Ltd. for £71 million (approx. $140m). The deal closed late last year, with Downer & Co. advising ABC.

GTCR has completed its sale of Cellnet, an Alpharetta, Ga.-based provider of automated meter reading technologies for utility companies, to Bayard Group for approximately $705 million. GTCR partnered with Cellnet CEO Mike Zito to purchase the company in 2004.

GTCR has completed its sale of home security monitoring company HSM Electronic Protection Services Inc. to The Stanley Works for $545 million. GTCR acquired HSM in 2004 from Honeywell International.

Littlejohn & Co. has agreed to sell Diamond Innovations Inc. to Sandvik Tooling (LSE: SDF). No financial terms were disclosed. Diamond Innovations is a Worthington, Ohio-based maker of synthetic diamond and cubic boron nitride products for industrial applications like machining, oil and gas drilling, grinding, rock drilling and wire drawing. It is the former superabrasives division of General Electric.

The Procter & Gamble Co. (NYSE: PG) has acquired HDS Cosmetics Lab Inc. from North Castle Partners and Easton Capital Group. No financial terms were disclosed. HDS is a Yonkers, N.Y.–based maker of branded products for specific skin concerns such as anti-aging, acne, hyperpigmentation and sun protection.

The Riverside Company has sold Hungarian glassmaker Salgglas Üvegipari Rt. to CEE Industrial Holdings Ltd. No financial terms were disclosed. Riverside was advised by Brown Gibbons Lang & Co. and Invescom Corporate Finance.

Sentinel Capital Partners has agreed to sell Fasloc Inc. to DSI International for an undisclosed amount. Fasloc is a Martinsburg, West Va.-based manufacturer of specialized resin cartridges used in underground mines for roof bolting systems.

Siemens has agreed to acquire UGS Corp. for approximately $3.5 billion (including assumed debt), from Bain Capital, Silver Lake Partners and Warburg Pincus. UGS is a Plano, Texas-based maker of product lifecycle management software for industrial manufacturers.

TSG Consumer Partners has put Irvine, Calif.-based hair products company PureOlogy Research LLC up for sale. Barrington Associates is advising TSG on the sale, which could generate between $250 million and $300 million.

Xantrex Technology Inc. (TSX: XTX) has agreed to acquire Elgar Electronics Corp. from J.F. Lehman & Co. for $108 million in cash. Elgar is a San Diego-based provider of programmable power products and systems.