Private Exits

American Capital Strategies has sold DanChem, a Danville, Va.-based maker of specialty chemicals and plastics, to Ensign-Bickford Industries Inc. No financial terms were disclosed. Headwaters MB advised DanChem on the transaction.

Bunker Hill Capital has sold Indianapolis-based Specialty Coating Systems to an undisclosed strategic buyer. No financial terms were disclosed, although Bunker Hill said that the sale represented a 6x ROI.

The Carlyle Group has sold its remaining 42.2 percent position in Transics, a European provider of on-board computers and fleet management solutions for the transport and logistics sector. Carlyle had acquired the company in May 2006, and floated it in Brussels last June. The final sale netted Carlyle approximately $90 million.

Express Scripts Inc. (Nasdaq: ESRX) has agreed to acquire the workers’ compensation pharmacy benefit management unit of Medical Services Co., a portfolio company of Monitor Clipper Partners. No financial terms were disclosed.

Galen Partners has sold Specialized Health Product International Inc. to C.R. Bard Inc. for $68.4 million in cash. SHPI is a provider of disposable medical products for clinician and patient safety.

Generation Partners has agreed to sell digital lighting company High End Systems to Belgium-based Barco for approximately $55 million.

MidMark Capital and Summer Street Capital Partners have sold Innovative Concepts in Entertainment Inc. back to the company’s founder and management team. No financial terms were disclosed, except that F.N.B. Capital supported the buyers with $5 million in mezzanine funding. ICE is a Clarence, N.Y.-based maker of coin-operated arcade games.

Platinum Equity has agreed to sell PNA Group Holding Corp., an Atlanta-based steel processor and distributor, to Reliance Steel & Aluminum Co. (NYSE:RS). The deal is valued at approximately $1.1 billion, and is expected to close within the next 60 days. PNA had been in registration for a $200 million IPO, and had been acquired by Platinum from Germany’s TUI AG in 2006.

Verizon Wireless has agreed to acquire Alltel, the U.S. rural mobile service provider that was taken private just seven months ago by TPG Capital and Goldman Sachs Capital Partners. The deal is valued at $28.1 billion, including $22.2 billion in debt. The buyout had been valued at $27.5 billion
VF Corp. has acquired one-third the capital stock of Los Angeles-based women’s sportswear company Mo Industries, from Summit Partners. The deal includes an option whereby VF Corp. can acquire the remaining stock in early 2009. No financial terms were disclosed.