By Dan Primack
May 14, 2013

Bain Capital has agreed to acquire FTE Automotive, a German maker of drive train and brake systems for passenger cars and commercial vehicles, from PAI Partners. No financial terms were disclosed. www.fte.de

Cardinal Midstream II
 has secured a $200 million equity commitment from EnCap Flatrock Midstream, which will be used to pursue midstream development opportunities in both conventional and unconventional resource plays across North America. The original Cardinal Midstream was formed in 2008 with a $75 million equity commitment from EnCap, which in 2010 was expanded to $280 million. Last year, those assets were sold to Atlas Pipeline Partners (NYSE: APL) for $600 million.www.cardinalmidstream.com

Catalyst Principal Partners
, a private equity firm focused on East Africa, has acquired a 50% stake in Yes Brands Food & Beverages PLC, an Ethiopian bottled mineral water company. No financial terms were disclosed. www.catalystprincipal.com

CVC Capital Partners has ended talks with British online gambling company Betfair (LSE: BET), following Betfair’s recent rejection of a £912 million takeover offer. www.cvc.com

GTCR 
has acquired NewWave Communications, a platform for acquiring broadband infrastructure
assets in small and mid-sized communities, from Pamlico Capital. No financial terms were disclosed for the deal, which was done via GTCR’s previously established partnership with Rural Broadband Investments. www.gtcr.com

Highstreet IT Solutions LLC
, a Denver-based provider of enterprise software and cloud-based solutions, has raised an undisclosed amount of funding from Petra Capital Partners.www.highstreetit.com

Ion Beam Applications, a listed Belgian cancer diagnostics and therapy company, has provisionally agreed to sell its drug discovery unit to an unidentified European private equity firm for €25 million.www.iba-worldwide.com

Severn Trent (LSE: SVT), a British water treatment and provisioning company, confirmed that it has received a takeover approach from a consortium of Borealis Infrastructure, the Kuwait Investment Office and Universities Superannuation Scheme. The company’s market cap is now north of $4.3 billion. www.severntrent.com

Thomas H. Lee Partners has completed its previously-announced $1.1 billion acquisition ofCompuCom Systems Inc., a Dallas-based provider of IT consulting and outsourcing solutions, fromCourt Square Capital Partners. In related news, CompuCom has promoted Tony Doye to CEO.www.compucom.com

The Carlyle Group has acquired a minority equity stake in Al-Nabil Food Industries Co., a Jordanian maker of frozen and chilled food products, from the founding Rassam family. No financial terms were disclosed. www.carlyle.com

EQT Partners
 has agreed to acquire a 91% stake in Swedish fiber-based data communication providerIP-Only Telecommunication AB. No financial terms were disclosed. www.ip-only.se

Odyssey Investment Partners has acquired Fischbein LLC, a Statesville, N.C.–based provider of packaging machinery and material handling equipment, from a group of investors led by MSouth Equity Partners. No financial terms were disclosed. www.fischbein.com

Packaging Coordinators Inc., a Philadelphia-based portfolio company of Frazier Healthcare, has acquired Rockford, Ill.-based pharmaceutical packager AndersonBrecon from AmerisourceBergen Corp. (NYSE: ABC). No financial terms were disclosed. www.pciservices.com

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