DLJ Merchant Banking reportedly is nearing a deal to acquire UK-based Education & Adventure Travel Group from Bowmark Capital for nearly £100 million. European Capital was originally expected to be the buyer, but pulled out at the 11th hour. It will now provide mezzanine funding to support the DLJ Merchant Banking-led purchase. PricewaterhouseCoopers is running the process.
Lindsay Goldberg has agreed to buy Atlantic Industrial Inc. from Sterling Partners for more than $250 million, according to LBO Wire. Atlantic Industrial is a Beaumont, Texas-based provider of industrial services like scaffolding to refineries, mills and other facilities.
Naguib Sawiris of Egypt is in talks with three U.S. firms, over the sale of a 10 percent stake in Weather Investments, a holding company formed in 2006 to buy Italian mobile operator Wind from Enel SpA. A deal could be signed within the next few weeks.