Catterton Partners has agreed to sell Frederic Fekkai & Co. to The Procter & Gamble Co. No financial terms were disclosed. Fekkai is a New York-based maker of high-end hair care products and operator of hair salons.
Centre Partners and Centre Southwest Partners have sold Nexus Gas Holdings to Regency Energy Partners LP (RGNC) for $85 million, plus possible earn-out payments. Centre Partners formed Nexus in late 2006 as an acquisition platform focused on midstream energy assets.
Deutsche Telekom AG has agreed to acquire a 20 percent stake in Greek phone company Hellenic Telecom from Marfin Investment Group. The €2.5 billion deal values Hellenic Telecom shares at €26 a piece, with Deutsche Telekom saying it would like to increase its position in the future. Marfin is Hellenic’s second-largest shareholder, behind the government of Greece.
HP has completed its acquisition of Exstream Software LLC, a Lexington, Mass.-based provider of enterprise software for streamlining the creation and delivery of personalized documents and other communications materials. The seller was American Capital Strategies. No financial terms were disclosed.
Industri Kapital has agreed to sell Swiss electronic components company ELFA to Daetwyler for SEK €2.1 billion ($348m). ELFA generated 2007 net sales of €105 million, and €19 million in EBITDA.
Linden LLC has sold a control stake in portfolio company Ranir LLC to Kayak Holdings LLC, an investment group led by William Blair & Co. principal Richard Kiphar. Linden will retain a minority position. No financial terms were disclosed. Ranir is a Gran Rapids, Mich.-based maker of oral care products.
Nycomed AS, a Danish drug company, is seeking a buyer for its cancer research operations, according to Financial Times Deutschland. No word yet on desired pricing. Nycomed acquired the assets as part of its 2006 purchase of Altana AG’s pharmaceuticals division. Nordic Capital holds a 51 percent stake in Nycomed, with other shareholders including DLJ Merchant Banking Partners, Blackstone Group and AlpInvest.
Tinicum Capital Partners has sold Hallmark Data Systems to EBSCO Industries Inc. for an undisclosed amount. Hallmark is a Skokie, Ill.-based circulation fulfillment provider for the business-to-business sector.
Wyle, an El Segundo, Calif.-based provider of tech and other services to military and civilian government agencies, has sold its Santa Clara, Calif. test operations to Silicon Turnkey Solutions, a Milpitas, Calif.-based test and qualification services company. No financial terms were disclosed. Wyle is a portfolio company of Littlejohn & Company.