Private Exits

Castanea Partners and Dorset Capital have sold Portland, Ore.-based children’s apparel company Hanna Andersson to Kellwood Co. (NYSE: KWD) for approximately $175 million.

Emerging Capital Partners has sold its stake in African rubber producer Societe Internationale de Plantations d’Heveas (NYSE Euronext: SIPH), for $49.8 million. ECP’s exit was made via block sales on the NYSE Euronext Paris exchange and the sale of call options.

PPG Industries (NYSE: PPG) has offered to buy Dutch coatings company SigmaKalon Group from Bain Capital for €2.2 billion, including assumed debt. Bain has granted PPG a period of exclusivity and intends to respond to the offer after discussions with appropriate employee representative bodies. SigmaKalon was created in 1999 from the merger of Total’s Kalon Group and PetroFina’s Sigma Coatings, and was acquired by Bain in 2003. Sales have increased from approximately €1.7 billion in 2003 to approximately €2 billion in 2006.

TSG Consumer Partners has sold its stake in Harry’s Fresh Foods to Basic American Foods for an undisclosed amount. Harry’s is a Portland, Ore.-based provider of fresh and prepared foods. TSG acquired its interest in June 2003.

TSG Consumer Partners has sold its stake in Alexia Foods Inc., a Long Island City, N.Y.-based natural foods company, to ConAgra Foods Inc. (NYSE: CAG). No financial terms were disclosed. Alexia was founded in 2002 and generates around $35 million in annual sales.