Arcapita and Fulcrum Power Services have agreed to acquire the Bosque power generation facility from LS Power Group. No financial terms were disclosed. The Laguna Park, Texas-based Bosque facility launched as a natural gas-fired power plant in 2000, and is being converted into a combined cycle facility with a capacity of over 800 megawatts. Bosque sells its energy and ancillary services into the Texas power market.
Arcapita has acquired Profine GmbH, a German maker of PVC window and door frames, from Advent International and The Carlyle Group. No financial terms were disclosed, except that it was the largest of Arcapita’s three recent deals in the building materials industry. The others were a €620 million buyout of Paroc, and a $543 million buyout of Tensar.
Candover has agreed to acquire Alma Consulting Group, a European provider of cost reduction and tax recovery services, from Apax Partners and Chequers Capital. No financial terms were disclosed for the deal, which includes an equity contribution from Alma management and leveraged financing arranged by RBS.
Quadrangle Group and GS Capital Partners have agreed to acquire Get AS, a provider of cable, Internet and telephony services in Norway, from Candover. The deal is being transacted at an enterprise value of NOK 5.8 billion (€724m/$1.1b). It is expected to close next month. Candover acquired Get AS in January 2006, when it was still known as UPC Norway, for approximately €450 million.
Sun Capital Partners has agreed to acquire a controlling interest in American Standard Americas, a company recently formed by Bain Capital via its $1.76 billion acquisition of the Global Bath and Kitchen business of American Standard Companies Inc. (NYSE:ASD). No financial terms were disclosed. Bain Capital will retain a minority interest in ASA, and will remain the majority owner of American Standard International (in which Sun will not hold an interest).
Wind Point Partners has sold Saltsburg, Pa.-based hose clamp manufacturer Breeze Industrial Products Corp. to Norma Group, a German pipe and clamp maker owned by 3i Group. No total financial terms were disclosed, except that the transaction included €375 million in debt