3i Group has agreed to acquire Global Garden Products from ABN Amro Capital and AAC Capital Partners, for €730 million. Global Garden management, led by CEO Pierluigi Tosato, will invest alongside 3i. Global Garden is a UK-based manufacturer and distributor of lawn mowers and powered garden equipment. It was put on the block in July, with UBS running the auction. 3i was advised on the deal by Morgan Stanley.
American Capital Strategies has bought Imperial Supplies LLC from Norwest Equity Partners. No financial terms were disclosed. Imperial Supplies is a Green Bay, Wis.–based distributor of aftermarket components for fleet and related industries.
The Carlyle Group has acquired Arabela, a door-to-door retailer of beauty and personal-care products in Mexico, from Advent International and Procorp. No financial terms were disclosed for the deal, which will keep Arabela’s existing senior management team in place. Scotia Capital provided acquisition financing.
Charlesbank Capital Partners and Transportation Resource Partners have completed their acquisition of MasterCraft Boat Co. from US Equity Partners, a fund sponsored by Wasserstein & Co. MasterCraft management partnered with the buyers, while debt financing was be provided by Jefferies & Company. No financial terms were disclosed. MasterCraft is a Vonore, Tenn.-based maker of powerboats. It was advised on the sale by Lazard.
Citigroup Inc. has completed its acquisition of Automated Trading Desk LLC, a Mount Pleasant, S.C.-based developer of automated trading and customized equity execution solutions. When the deal was announced back in July, Citigroup had said that it was worth around $680 million in cash and stock ($102.6m cash, 11.17m Citigroup shares). That figure later dropped to $637 million, due to a decrease in Citigroup’s share price. ATD had raised $60 million in equity earlier this year from Technology Crossover Ventures.
Gresham Private Equity has acquired toothpaste tube manufacturer Betts Global Ltd., from Permira, Royal Bank of Scotland and the Bank of Scotland. The deal is valued at over £110 million, including £75 million of debt arranged and underwritten by CIT Capital Finance. Betts supplies toothpaste tubes to such companies as Colgate Palmolive, GlaxoSmithKline, Procter & Gamble and Unilever.
Invest Equity and NORD Holding have sold LMF Leobersdorfer Maschinenfabrik AG (LMF) to Equita KGaA. No financial terms were disclosed. LMF is an Austrian maker of high-pressure reciprocating (piston) compressors for natural gases, process gases and air. The sellers were advised by Baird.
Merit Capital Partners has acquired an undisclosed stake in Skyline Windows LLC from Linx Partners. No financial terms were disclosed. Skyline Windows is a New York-based maker of aluminum window, and was advised on the deal by Lincoln International.
Veronis Suhler Stevenson has agreed to acquire Tranzact from Halyard Capital, for $185 million in cash. The deal represents a 12x ROI for Halyard, which helped form the company back in 2003. Tranzact is a Fort Lee, N.J.-based provider of customer acquisition marketing services for the financial services, media and telecom markets. Company management will retain an ownership position, following the VSS acquisition.