By Dan Primack
November 7, 2011

Advent InternationalApollo Global Management and Bain Capital are among those in the second round of bidding for Belgian chemicals company Taminco, according to Reuters. Goldman Sachs is managing the process for seller CVC Capital Partners.

Brazos Private Equity Partners
 has acquired Vision Source, a Minneapolis-based optometric franchising organization, from Charlesbank Capital Partners and H.I.G. Capital Partners. No financial terms were disclosed.

Castle Harlan has acquired Securus Technologies Inc., a provider of secure inmate telecommunications for the corrections industry, from H.I.G. Capital. No financial terms were disclosed.

Navigator Holdings Ltd., a London–based provider of international seaborne transportation services to the liquefied petroleum gas market, has raised $62.5 million in private equity funding from WL Ross & Co., in exchange for a 19.4% of the company’s common stock.

Senior Care Centers of America, a portfolio company of Clearview Capital, has merged with Active Day Inc., a provider of adult day health services in seven states. No financial terms were

Summit Materials, a portfolio company of The Blackstone Group and Silverhawk Capital Partners, has acquired three paving businesses in Texas: Asphalt Paving Company of Austin Inc., Industrial Asphalt Inc. and Ramming Paving Company. No financial terms were disclosed.

WRM America Holdings, a property and casualty insurance and risk management holding company, has completed its previously-announced acquisition of the flood insurance business of Fidelity National Financial Inc. (NYSE: FNF). No financial terms were disclosed. WRM is a portfolio company of Aquiline Capital Partners.



Genstar Capital has agreed to acquire the Insurance Software Solutions business of LexisNexis Risk Solutions for an undisclosed amount. The Hartford, Conn.-based business has around 400 employees and more than 100 insurer clients. The deal is expected to close by year-end.

Atlanta Equity Fund and Fulcrum Equity Partners have co-sponsored a recapitalization of Marshall Emergency Services Associates, a Lexington, Ky.-based provider of emergency department and hospitalist physician contract management services. No pricing terms were disclosed. Amalgamated Bank provided senior debt, while Babson Capital provided subordinated debt and an equity

Harvest Partners has acquired TruckPro Inc., a Memphis, Tenn.–based distributor of heavy duty aftermarket truck parts and accessories. Oaktree Capital Management is the seller, but will maintain a “significant ownership stake” in the company. Leveraged financing was provided by Chase Business Credit and Guggenheim Partners.

Luminator Technology Group LLC, a Plano, Texas-based provider of LED lighting and display technologies, has secured $37 million in senior financing with Siemens Financial Services. The deal will help Luminator refinance existing debt, pay an investor dividend and provide extra working capital. Luminator is a portfolio company of Levine Leichtman Capital

Plato Learning Inc., a portfolio company of Thoma Bravo, has agreed to acquire Education Options Inc., a Falls Church, Va.-based provider of online solutions for schools that focus on drop-out prevention, adaptive curriculum and virtual instruction. No financial terms were disclosed.

RLJ Equity Partners has acquired Media Source Inc., a Plain City, Ohio-based children’s book company geared toward the library market, from The Riverside Company. No financial terms were disclosed. Other deal participants included by 21st Century Group and New Canaan Funding

WestView Capital Partners
 has sponsored a minority recapitalization of eSolutions Inc., an Olathe, Kansas-based provider of Web-based revenue cycle management tools for healthcare providers’ management of Medicare claims. No financial terms were disclosed. Brentwood Capital Partners also participated.


Nordic Capital has received final bids for European payments company Point International, according to Reuters. Bidders include General Atlantic and a partnership of Advent International with Bain Capital. The deal could be worth in excess of €700 million.

Industrial Opportunity Partners has acquired Trantech Radiator Products, an Edgefield, S.C.–based maker of radiators for the North American electric power transmission and distribution industry. No pricing terms were disclosed. Associated Bank (Chicago) and Fidus Capital provided debt financing, while Lincoln International represented Transtech.

The Riverside Company has acquired Emergency Communications Network Inc., an Ormond Beach, Fla.-based SaaS provider of weather warnings to government and education clients. No pricing terms were disclosed. Maranon Capital provided an equity co-investment, mezzanine debt and senior debt to support the acquisition.

Travelclick, a New York–based provider of revenue-generation solutions for hoteliers, has acquiredEZYield, a provider of distribution management solutions for hotels. No financial terms were disclosed. Travelclick is a portfolio company of Genstar

Wells Fargo Business Credit has recapitalized Smith Frozen Foods Inc., a Weston, Ore.-based frozen vegetable processor and packager. No terms were disclosed. Livingstone advised Smith Frozen Foods on the deal.


Olympus Partners has agreed to acquire NPC International, the largest franchisee of Pizza Hut restaurants, from shareholders like North Cove Partners and Bank of America. No pricing terms were disclosed for the deal, which includes a senior credit facility to be arranged by Barclays Capital and Goldman Sachs.

GS Capital Partners and Warburg Pincus have agreed to acquire a majority stake in Endurance International Group from Accel-KKR for an undisclosed amount. EIG is a Burlington, Mass.–based provider of hosting and online services to small and mid-sized businesses.

Platinum Equity Partners has acquired the image sensor solutions unit of Eastman Kodak (NYSE: EK) for an undisclosed amount.

Sara Lee Corp. (NYSE: SLE) has agreed to sell its European chilled dough business (EuroDough) to private equity firm Sagard for €115 million.

TA Associates has invested an undisclosed amount in Senior Whole Health, a Cambridge, Mass.-based health plan provider for with dual eligibility for both Medicare and Medicaid.


Apax Partners has completed its $6.3 billion take-private acquisition of wound care company Kinetic Concepts Inc., Participating alongside Apax were Canada Pension Plan Investment Board and the Public Sector Pension Investment Board.

JLL Partners has agreed to acquire American Dental Partners Inc. (Nasdaq: ADPI), a Wakefield, Mass.-based provider of dental practice management services. The deal is valued at around $398 million (including $81 million of assumed debt) or $19 per share (83% premium to Friday’s closing price. Debt financing commitments come from KeyBank, CIT  Healthcare and NXT Capital.

Morgan Stanley Private Equity Asia
 has acquired a control stake in South Korean restaurant franchisorNolboo, for a reported $108 million.

Pacific World Corp.
, a portfolio company of Levine Leichtman Capital Partners, has acquired The W.E. Bassett Co., a provider of beauty care implements and foot care implements and devices via retail channels. No financial terms were disclosed for the deal, which included senior debt financing from BMO Capital Markets, Madison Capital Funding LLC, NXT Capital and CIT Corporate Finance.

Sentinel Capital Partners and Ancor Capital Partners acquired Wellspring Pharmaceutical Corp., an Ontario, Canada-based maker of specialty and OTC drugs for niche patient groups. No financial terms were disclosed.

RegionalCare Hospital Partners, a Brentwood, Tenn.-based owner and operator of four non-urban hospitals, has completed its previously-announced merger with Essent Healthcare Inc., a Nashville-based owner and operator of three non-urban acute care hospitals. No financial terms were disclosed. RegionalCare is a portfolio company of Warburg Pincus, while Essent is backed by Vestar Capital Partners and Cressey &

Siris Capital
 is leading a take-private buyout of Tekelec (Nasdaq: TKLC), a Morrisville, N.C.-based provider of mobile Internet connection solutions. The deal is valued at around $780 million in cash, or $11 per share (11% premium to Friday’s closing price). In addition to Siris Capital, the investor consortium includes ComVest Group, GSO Capital Partners, Sankaty Advisors and ZelnickMedia.

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