CBPE Capital has sold Rosemont Pharmaceuticals, a UK-based developer of liquid medicines for patients with swallowing difficulties, to Perrigo Co. (Nasdaq: PRGO). No financial terms were disclosed, except that CBPE said the sale represented an investment multiple of its £52 million equity investment (the overall original purchase price in 2006 was £93 million). www.rosemontpharma.com

Toshiba (Tokyo: 6202) has acquired Consert, a San Antonio, Texas-based developer of smart grid solutions. No financial terms were disclosed. Consert had raised over $17 million in VC funding from such firms as Constellation Energy Group, Energy Technology Ventures, GE Energy Financial Services, Qualcomm Ventures and Verizon Ventures. www.consert.com

Steel Partners (NYSE: SPLP) has agreed to acquire 7.5 newly-issued shares in ModulLink Global Solutions Inc. (Nasdaq: MLNK) for $30 million, or $4 per share (45% premium to last Friday’s closing price). Steel Partners also would be issued warrants to purchase an additional 2 million shares at $5 per share, plus up to approximately 1.4 million shares of ModusLink’s outstanding common stock. www.moduslink.com

Sumner Redstone has sold the majority of his Class B shares in Viacom (Nasdaq: VIAB), where he serves as chairman. The sale was valued at approximately $7.5 million, and does not affect Redstone’s continued control of the company (via Class A shares). www.viacom.com

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