Private Exits

Arlington Capital Partners has sold Secor International Inc. to Stantec (NYSE: SXC), for an undisclosed amount. Secor is a Redmond, Wash.-based provider of environmental consulting and engineering services to the private sector.

Collin Food Group, a portfolio company of Pacific Equity Partners, has put SoCal restaurant chain Pat & Oscar’s on the block, according to LBO Wire. Trinity Capital is running the process.

Excel Maritime Carriers Ltd. (NYSE: EXM) has agreed to acquire fellow dry-bulk shipping company Quintana Maritime Ltd. (Nasdaq: QMAR) for approximately $2.45 billion. Quintana was co-founded in 2005 by First Reserve Corp., and then went public later that year. First Reserve and its co-investors (American Metals & Coal International and chairman Corbin Robertson) still held around 20 percent of Quintana’s outstanding shares as of last October.

Francisco Partners has sold FX Solutions LLC to UK-based City Index Group. No financial terms for the all-cash deal were disclosed. FX Solutions is a Saddle River, N.J.-based retail foreign exchange electronic trading platform. It was acquired by Francisco last April.

GB Merchant Partners has sold Andrew Marc, a maker of upscale handbags and outerwear, to G-III Apparel Group (Nasdaq: GIII). The deal was valued at approximately $42 million, while Andrew Marc recorded 2007 net sales of approximately $80 million. Financo represented Andrew Marc on the transaction.

HD Supply has sold its lumber and building materials assets to ProBuild Holdings of Denver. No financial terms were disclosed. HD Supply was bought last year for $8.5 billion from Home Depot by Bain Capital, Carlyle Group and Clayton Dubilier & Rice. ProBuild is owned by Fidelity Capital.

HgCapital has sold The Sanctuary Spa Group, a female body care brand in the UK, to PZ Cussons for £75 million. Close Brothers Corporate Finance advised HgCapital on the transaction.

Montagu Private Equity reportedly is close to selling Stabilus, a German producer of gas springs used in automotive and industrial applications, for upwards of €500 million.

Pacific Equity Partners has retained Houlihan Lokey to find a buyer for restaurant chain Sizzler.

Pegasus Capital Advisors has sold Cannondale Bicycle Corp. to Dorel Industries Ltd. (TSX: DII.A, DII.B), for between $190 million and $200 million in cash. Pegasus had acquired the bicycle maker out of bankruptcy in 2003.

Wellspring Capital Management retained Jeffries & Co. to run an auction for Dave & Buster’s. The target price is $600 million. Wellspring took the Dallas-based restaurant chain private in 2006 for $375 million.