3i is auctioning off Swiss healthcare provider Ambea, for up to $900 million. Bidders reportedly include PAI Partners, Doughty Hanson and Merrill Lynch Private Equity. 3i holds a 75% stake in Ambea, while the Singapore government owns 15.9% and company management owns the remainder.
Cerberus Capital Management has agreed to sell Czech bank BankCZ, a unit of Austrian bank Bawag, to German state bank LBBW for €160 million.
Cortec Group is in talks to acquire athletic apparel and giftware retailer EB Brands from Milestone Partners, according to LBO Wire. The deal is valued at between $130 million and $150 million, with existing EB Brands lender GE Antares Capital providing the financing. Milestone is being advised by Lazard Middle Markets.
Nordic Capital has agreed to buy CPS Color Group Oy from Industri Kapital for an undisclosed amount. CPS is a Vantaa, Finland-based supplier of tinting systems.
Paine & Partners has completed its acquisition of Stabilus GmbH, a German manufacturer of gas springs, from Montagu Private Equity. No financial terms were disclosed, although initial reports indicated that the price-tag was upwards of €500 million.
Platinum Equity has acquired Lakewood, Colo.-based chrome wheel distributor Wheel Pros Inc. from Florida Capital Partners. No financial terms were disclosed. Platinum will merge Wheel Pros with existing portfolio company American Racing Equipment Inc.
Wall Street Systems, a developer of financial trading and treasury engines, has agreed to acquire the assets of Aleri Global Banking, the wholesale banking division of Aleri Inc. No financial terms were disclosed. Wall Street Systems is a portfolio company of Warburg Pincus, while Aleri Inc. has raised over $30 million in VC funding from St. Paul Venture Capital, Early Stage Enterprises, Allegra Partners and Portage Venture Partners.