Private Exits

AIG Capital Partners has sold Bulgarian consumer finance business JetFinance International to Cetelem, the consumer arm of BNP Paribas. No financial terms were disclosed, except that JetFinance had total assets of €109 million. AIG was advised on the sale by Citigroup Global Markets.

BC Partners has agreed to sell Swiss hospital business Hirslanden to Medi-Clinic of South Africa, for approximately $2.36 billion.

The Carlyle Group has completed its $1.9 billion sale of both Landmark Aviation and Standard Aero to Dubai Aerospace Enterprise. Tempe, Ariz.-based Landmark provides aircraft maintenance services, while Winnipeg-based Standard Aero provides repair services at airport terminals. Doughty Hanson was also a Standard Aero shareholder.

Enterprise Rent-A-Car Co. has completed its acquisition of Vanguard Car Rental Group Inc., a Tulsa, Okla.-based vehicle rental company operating under the National Car Rental and Alamo Rent-A-Car brands. No financial terms were disclosed. The seller was Cerberus Capital Management.

Lime Rock Partners has sold PSL Energy Services to Halliburton (NYSE: HAL). No pricing terms of the all-cash transaction were disclosed. PSL is a UK-based provider of solutions for wells, process and pipeline services in the oil and gas industry. Lime Rock and a management team led by Doug Duguid acquired the company out of receivership in May 2003.

Orbotech Ltd. (Nasdaq: ORBK) has agreed to acquire 3D-Danish Diagnostic Development AS, a Danish development of nuclear medicine gamma cameras. The deal is valued at approximately $39 million in cash, plus up to $6.5 million in performance-based earn-outs. Danish private equity fund Axcel II has owned a majority stake in DDD since 2004.

PAI Partners plans to put Yoplait on the block either later this year or early next year. The French private equity firm will seek more than €1 billion for Yoplait, which owns the Crème Fraîche and Yop brands. PAI owns a 50 percent stake, while French dairy cooperative Sodiaal owns the remainder.