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Private equity deals

Aug 23, 2012

Ancestry.com (Nasdaq: ACOM) has asked bidders to improve their offers, according to Bloomberg. Suitors reportedly include Permira and TPG Capital, with the family history website apparently having already spurned a $35 per share bid. www.ancestry.com

Clayton Dubilier & Rice has agreed to acquire wedding-dress retailer David’s Bridal from Leonard Green & Partners and TPG Capital for approximately $900 million, according to the NY Post. The sellers reportedly had been seeking more than $1 billion, after having acquired David’s Bridal for $750 million in 2007. www.cdr-inc.com

Project Leadership Associates, a Chicago-based portfolio company of Eureka Growth Capital, has acquired Vital Networks, a provider of managed services and outsourced IT solutions. No financial terms were disclosed. www.projectleadership.net

USI Insurance Services, a portfolio company of GS Capital Partners, has agreed to acquire TD Insurance Inc. from TD Bank (TSX: TD). No financial terms were disclosed for the deal, which USI says will add $58.2 million in annual revenue. www.usi.biz

Tall City Exploration LLC has secured a $200 million equity commitments from Denham Capital, which will be used to pursue acquisition, exploration and development of oil and gas assets with a specific focus on upstream unconventional activities in the Permian Basin of West Texas.

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