Private Exits

The Carlyle Group has agreed to sell Landmark Aviation and Standard Aero to Dubai Aerospace Enterprise. The transaction is valued at $1.8 billion, with around $1.03 billion being used for the Standard Aero acquisition. Tempe, Ariz.-based Landmark provides aircraft maintenance services, while Winnipeg-based Standard Aero provides repair services at airport terminals. Doughty Hanson is also a Standard Aero shareholder.

Comcast (Nasdaq: CMCSA) has agreed to acquire Patriot Media & Communications, a Greenwich, Conn.-based owner and operator of cable systems in central New Jersey. The deal is valued at approximately $483 million in cash, and is expected to close in the third quarter. Patriot Media is owned by Spectrum Equity Investors, Spire Capital and veteran cable executive Steve Simmons.

Concentra Health Services Inc., an Addison, Texas-based provider of occupational health care services, has sold its workers’ compensation managed care services business units to Coventry Health Care Inc. (NYSE: CVH) for $387.5 million. Concentra is a portfolio company of Welsh Carson Anderson & Stowe.

DW Healthcare Partners has sold The Radlinx Group to NightHawk Radiology Holdings Inc. (Nasdaq: NHWK) for $53 million. Radlinx Group is an Irving, Texas-based provider of radiology solutions to medical groups and hospitals throughout the United States.

ICICI Venture Capital has sold its 3.25 percent stake in listed Indian carrier Deccan Aviation to UBS Securities Asia for approximately $7.5 million.

Innova Capital and GTECH have agreed to sell PolCard SA, a Polish merchant acquirer and card issuer processor, to a unit of First Data Corp. (NYSE: FDC). The deal is valued at $325 million in cash.

W.L. Ross & Co. has completed its sale of BST Safety Textiles to International Textile Group Inc. (OTC: ITXN). No financial terms were disclosed. BST is a Maulburg, Germany-based manufacturer of fabrics for automotive air bags, seat belts and military and technical uses.