3i Group has sold its 28.5 percent stake in Transports Alloin, a French transport and logistics company, to Switzerland’s Kühne + Nagel. No financial terms were disclosed.
AT&T has agreed to buy rural phone company Centennial Communications Corp. (Nasdaq: CYCL) for $944 million in cash. Centennial shareholders would receive $8.50 per share, which was more than double the stock’s closing price just prior to the deal’s announcement. Welsh Carson Anderson & Stowe is Centennial’s largest shareholder, and has agreed to support the deal.
Charterhouse Capital plans to sell UK chemicals company Lucite International to Japan’s Mitsubishi Rayon Co., according to sources. No pricing details were disclosed, except that the transaction is not subject to financing.
Country Road Communications LLC, a telecom services company owned by Abry Partners, has completed its sale of three subsidiaries to Otelco Inc. (Nasdaq: OTT) for just over $101 million.
Francisco Partners has sold Aderant Holdings Inc., an Atlanta-based provider of applications for law firms and professional services organizations, to company management. No financial terms were disclosed. Harris Williams & Co. advised Aderant on the sale.
Hyundai Motor Co. has held talks with Chrysler owner Cerberus Capital Management, about a potential acquisition of Chrysler’s Jeep brand and other assets. The news comes after GM broke off merger talks with Chrysler.
Inflexion Private Equity has sold Ilchester Cheese, a U.K.-based maker and exporter of specialty cheeses, to Tine, a Norwegian milk co-operative and the maker of Jarlsberg cheese. No financial terms were disclosed.