Babcock & Brown purchased the assets of The Peoples Natural Gas Co. and Hope Gas Inc. from Dominion Resources Inc. The deal is valued at $910 million.
Blue Point Capital Partners sold BP Metals LLC to PE firm Protostar Partners for an undisclosed price. BP Metals was created in 2006 to hold four operating companies that produce transportation, aerospace and energy components.
DLJ Merchant Banking Partners, the buyout arm of Credit Suisse, agreed to buy Education and Adventure Trade, a UK school travel company. It bought the company, which runs residential courses for schools and universities, from Bowmark Capital for £100 million ($197 million), Reuters reported.
Investcorp, a global alternative investment firm, announced its acquisition of CEME Group from Barclays Private Equity for an undisclosed price. Lombard, Italy-based CEME Group produces fluid control components.