Private Exits

Abingworth has sold Clinical Designs Ltd. to Mundipharma International Corp., for an undisclosed amount. Clinical Designs is a UK-based maker of devices for drug delivery via the respiratory system.

Aspect Abundant Shale LP has completed the sale of its interest in a North Texas natural gas field to Williams (NYSE: WMB), for approximately $166 million in cash. Aspect Abundant was formed two years ago as a joined venture between First Reserve and Aspect Energy LLC.

Axia Capital Partners has sold Hydroid LLC to Kongsberg Maritime AS for approximately $80 million. Hydroid is a Pocasset, Mass.–based maker of autonomous underwater vehicles for the global military and commercial markets.

Barclays Ventures has sold Uninterruptible Power Supplies Ltd., a UK-based provider of UPS systems and services, to Kohler Power Systems, a unit of Kohler Co. No financial terms were disclosed.

First Reserve reportedly has put scaffolding provider Brand Energy on the auction block. The firm is hoping for bids of around $1.5 billion, but also is considering the possibility of an IPO.

Harvest Partners has sold its remaining interests in New Flyer Holdings Inc., a manufacturer of heavy-duty transit buses in the United States and Canada. The company’s income deposit securities are publicly-traded on the Toronto Stock Exchange. No financial terms were disclosed.

Heritage Partners has agreed to sell Geneva Watch, a Long Island City, N.Y.-based watch distributor and designer, to Italy’s Binda Group. No financial terms were disclosed.

Hispania Capital Partners has sold Samy Companies Inc., a Tampa, Fla.-based provider of hair-care products, to Hoyu Corp. of Japan. No financial terms were disclosed.

IntercontinentalExchange (NYSE: ICE) has completed its acquisition of credit derivatives broker Creditex Group Inc., from shareholders like TA Associates. The sale price was $513 million – including $461 million in ICE common stock and $52 million in cash – which is significantly lower than the original announced value of $625 million. TA Associates invested $57 million into Creditex in July 2005, in exchange for a minority position. It also is a former investor in ICE.

Metalmark Capital has agreed to sell Direct Response Corp. to an affiliate of Unitrin Inc. (NYSE:UTR) for approximately $220 million. Direct Response is a Meriden, Conn.-based seller of personal automobile insurance.

Macquarie Infrastructure Group may sell its stake in Lusoponte, owner and operator of two toll bridges in Lisbon, according to comments made by Macquarie CEO John Hughes during an investor call. Lusoponte’s asset value fell to A$188 million for the fiscal year ending June 30, compared to A$217 million the prior year.

Trinity Hunt Partners has sold National Default Exchange to Dolan Media Co. (NYSE: DM) for $195 million, plus the possibility of a $13 million earn-out. NDEx is a Dallas-based provider of mortgage default processing services in Texas, California and Georgia.

TSG Consumer Partners has agreed to sell Meguiar’s Inc. to 3M for an undisclosed amount. Meguiar’s is an Irvine, Calif.–based provider of car-care products like waxes and polishes. It is being advised by Sawaya Segalas & Co.