By Dan Primack
April 19, 2012

The battle for water park operator Great Wolf Resorts (Nasdaq: WOLF) continued today, with KSL Capital Partners raising its latest offer from $7 per share to $7.25 per share ($242m market cap). Great Wolf called the new bid a “superior offer” to that of Apollo Global Management, which just yesterday had matched KSL at $7 per share. For context, the original bid in all this was from Apollo at $5 per share. 

Wow, a residential and commercial communications provider controlled by Avista Capital Partners, has agreed to acquire Knology Inc. (Nasdaq: KNOL), a provider of interactive communications and entertainment services in the southeastern and midwestern U.S. The deal is valued at approximately $1.5 billion, or $19.75 per share (9.4% premium to Tuesday’s closing price).

H.I.G. Capital has acquired a control stake in A10 Capital LLC, a Boise, Idaho-based commercial real estate lender. No financial terms were disclosed.

Pfingsten Partners has acquired Bailey International, a Knoxville, Tenn.-based manufacturer and distributor of mobile fluid power components. No financial terms were disclosed.

SeraCare Life Sciences Inc. (Nasdaq: SRLS) shareholders have approved a $4 per share buyout offer from Linden Capital Partners. The $82 million deal is scheduled to close on Friday.
Sterling Infosystems Inc., a New York-based portfolio company of Calera Capital, has acquired BackCheck, a Vancouver-based provider of background checking products and services. No financial terms were disclosed.

TA Associates has agreed to acquire a 30% stake in French fashion brand Zadig & Voltaire. No financial terms were disclosed, but a local press report implied the investment was approximately € 114 million.

TVS Logistics Services, an India-based provider of third-party logistics services, has raised approximately $53 million from Kohlberg Kravis Roberts & Co. and return backer Goldman Sachs.

Venture Aircraft LLC, a Gardena, Calif.-based portfolio company of Graycliff Partners, has acquired certain assets of Swift-Cor Aerospace Inc., a provider of aerospace structures and components with facilities in California and Wichita.

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