Falconhead Capital has sold its stake in National Powersport Auctions (f.k.a. Cycle Express Inc.) to Transportation Resource Partners. No financial terms were disclosed. NPA is a Poway, Calif.-based auction company focused on the power-sport industry. It was acquired by Falconhead in February 2004, with William Blair & Co. and Watch Hill Partners advising on the sale to TRP.
DealerTrack Holdings Inc. (Nasdaq: TRAK), a New York-based provider of software and data solutions for the auto retail industry, has filed to sell nine million common shares via a secondary public offering. Selling shareholders include JPMorgan Partners, GRP Partners and Wachovia.
Mylan Laboratories Inc. (NYSE: MYL) has agreed to acquire up to 71.5% of Indian drug-maker Matrix Laboratories Ltd. (Mumbai: 524794), in a deal that could be worth as much as $736 million. Under terms of the agreement, Mylan will first acquire 51.5% of outstanding Matrix shares from holders like Temasek Holdings and Newbridge Capital. It then will make an “open offer” to acquire an additional 20% stake from remaining Matrix shareholders. Matrix will remain a listed company in India, and will continue to operate independently.
Newbridge Andean Partners, a private equity fund managed by ACON Investments, has agreed to sell its interest in Columbian retailer Carulla Vivero SA to Almacenes Exito SA for $15.79 per share. The total deal values Carulla Vivero in excess of $700 million (including debt).
Silver Lake Partners is looking to sell electronic institutional brokerage Instinet, according to Financial News Online. Silver Lake acquired the company just last year, as part of a three-way deal with Nasdaq and The Bank of New York.