3i Group and property company Lar are planning to sell their respective 20% stakes in Spanish residential homes operator Ballesol, according to reports. The company is believed to be valued at approximately €80 million.
Boulder Specialty Brands Inc. (OTC BB: BDSBU) has agreed to acquire GFA Brands Inc., provider of heart-healthy food products, for approximately $465 million. Sellers include TSG Consumer Partners, which acquired a stake in GFA two years ago.
The Carlyle Group has completed its sale of Stellex Aerostructures Inc., a Lebanon, N.J.–based provider of subsystems and components for the aerospace and defense industries, to GKN PLC. Carlyle’s distressed fund completed a tender offer for a majority of Stellex’s common stock in October 2004, with an investment of between $15 million and $20 million.
Circle Peak Capital has sold Cole Water Company LLC to Idea Sphere Inc. for an undisclosed amount. Cole Water is a Peru, Ind.–based natural spring water bottler and distributor.
Harvest Partners has agreed to sell Communications Supply Holdings Inc. to Wesco International Inc. (NYSE: WCC). No financial terms were disclosed. CSH is a Carol Stream, Ill.-based distributor of low-voltage network infrastructure and industrial wire and cable products. It is expected to generate approximately $600 million in 2006 revenue.
Mobile Telecommunications Co. of Kuwait is considering a bid for Greek mobile phone operator TIM Hellas, according to reports. TIM Hellas was acquired for €1.1 billion last year by Apax Partners and Texas Pacific Group, but now is reportedly on the block for up to €4 billion.
PepsiCo has acquired IZZE Beverage Co., a Boulder, Colo.-based maker of all-natural sparkling fruit juices. No financial terms were disclosed. Sellers include Sherbrooke Capital Partners, Greenmont Capital Partners and Tango Partners.