Private Equity Deals

May 23, 2011, 6:17 PM UTC

HealthCity, a European operator of fitness clubs, has agreed to acquire 45 facilities in France, Spain and Italy from Fitness First, which plans to shift its focus to Asia. No financial terms were disclosed. HealthCity investors include Waterland Private Equity.

Ideiasnet, a Brazilian investment group, has acquired a 50% stake in Ciashop, a Brazil-based provider of e-commerce SMB and framework solutions. No financial terms were disclosed. www.ideiasnet.com.br

Oakley Capital has acquired a control position in publisher Time Out New York for $23 million. Oakley previously had acquired Time Out’s London business. www.oakleycapital.com

THL Partners has agreed to acquire Sword Insurance, a provider of software and services to the property and casualty insurance industry, from France’s Sword Group (NYSE Euronext: SWP). No financial terms were disclosed for the deal, which is expected to close next month. www.thl.com

VPS Convenience Store Group, a Wilmington, N.C.-based portfolio company of Sun Capital Partners, has acquired Virginia Oil Co., a fuel wholesaler and operator of 17 convenience stores in Western Virginia. No financial terms were disclosed. With the deal, VPS will operate 419 stores in seven states. www.suncappart.com

THURSDAY, MAY 26

Oak Hill Capital Partners has agreed to acquire Intermedia.net, a provider of cloud-based email and other business services. No financial terms were disclosed. Phil Koen, former CEO of Savvis Inc., will become Intermedia’s new CEO.

Apollo Global Management and Broadway Partners have offered to acquire the U.S. real estate assets of Australia’s Charter Hall Office REIT for more than US$1.68 billion, according to Bloomberg.

Circa Inc., a New York-based buyer of jewelry, diamonds and watches, has secured $13 million in growth capital from Winona Capital Managementwww.circajewels.com

Devicor Medical Products, a portfolio company of GTCR, has agreed to acquire the gamma detection system (GDS) portfolio of products from Neoprobe Corp. The deal is valued at up to $50 million, including an up-front $30 million cash payment and $20 million in potential earn-outs. Devicor currently currently provides distribution and marketing services to Neoprobe for the GDS products, which are used by oncologic surgeons. www.devicormedical.com

Exponent Private Equity has been named the preferred bidder for BBC Magazines, following a process that began last year. The final deal is expected to be worth approximately £100 million. www.exponentpe.com

Sun Capital Partners has acquired Polestar UK Print Ltd., a British printer of magazines and color newspaper supplements. No financial terms were disclosed. www.suncappart.com

Vector Capital has again raised its buyout offer for RAE Systems Inc. (AMEX: RAE), a San Jose, Calif.-based maker of gas detection systems. The revised bid is $2.25 per share (total equity value of nearly $134 million), compared to an initial offer of $1.75 per share and an earlier increase to $1.88 per share. It also has increased its termination fee to $5.75 million. Vector has been competing for the deal with Battery Ventures, which previously offered $1.90 per share. www.raesystems.com

WEDNESDAY, MAY 25

Clayton, Dubilier & Rice has completed its $3.2 billion acquisition of Emergency Medical Services Inc., a Glenwood, Colo.-based provider of emergency medical services that had been listed on the NYSE. EMSC stockholders received $64 per share. www.emsc.net

Goode Partners has recapitalized Chuy’s Holdings Inc., an Austin, Texas-based owner and operator of 26 Mexican restaurants. Golub Capital provided $67.5 million in financing.

Golden Gate Capital has agreed to acquire restaurant chain California Pizza Kitchen Inc. (Nasdaq: CPKI) for $470 million, or $18.50 per share. The deal comes about one year after CPK originally began seeking a buyer.

Eureka Growth Capital has acquired Project Leadership Associates Inc., a Chicago–based provider of senior-level consultative services. No financial terms were disclosed for the deal, which was done in partnership with company management. www.projectleadership.net

Morgan Stanley Private Equity has acquired EmployBridge Holding Co., an Atlanta-based provider of outsourced human resource and temporary staffing services. No financial terms were disclosed for the deal, which was done in partnership with company management. www.employbridge.net

Acadia Healthcare, a portfolio company of Waud Capital Partners, has agreed to acquire a majority stake in bellow behavioral healthcare facilities operator PHC Inc. (NYSE: PHC). The combined company is expected to relist on the Nasdaq.

Thoma Bravo has completed its acquisition of TripWire, a Portland, Ore.-based provider of IT security and compliance automation software. No financial terms were disclosed. Sellers included Advanced Technology Ventures, Bessemer Venture Partners, BA Ventures and Institutional Venture Partners.www.tripwire.com

TUESDAY, MAY 24

Bain Capital has agreed to acquire China Fire & Security Group Inc. (Nasdaq: CFGS), a China-based maker of fire safety products. The deal is valued at $265.5 million, or $9 per share (44% premium to trading on March 4, which is when the company said it had received a takeover proposal). www.baincapital.com

Centerbridge Partners has acquired Sietel Inc., a Houston–based provider of seismic data to the oil and gas industry, for $125 million in cash. Existing Sitel investor ValueAct Capital will retain an ownership position.

Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired two New Jersey insurance brokerages: Royale Insurance and First Americano Insurance Agency, from founder and CEO Remberto Perez. No financial terms were disclosed. Confie Seguros is a portfolio company of Genstar Capital. www.genstarcap.com

CVC Capital Partners has agreed to acquire a majority stake in Delachauz SA, a listed French maker of railroad equipment, at a reported enterprise value of €1.08 billion. Other suitors had included KKR and PAI Partners.

Lone Star Funds has agreed to acquire the shares in Tokyo Star Bank that had been held by Advantage Partners, as part of a debt-for-equity swap, according to Reuters. Lone Star is the former majority owner of the Japanese lender, having taken it public in 2005 and sold its shares to Advantage in 2008.

Greencore, an Ireland-based food company, has hired Barclays Capital to advise on a possible sale to private equity firms, according to The Independent. The move comes a few months after Greencore failed to buy rival Northern Foods. Greencore had 2010 revenue of €856 million. www.greencore.ie

Kohlberg Kravis Roberts & Co. and International Finance Corp. have partnered to acquire 27.5% of listed Indian financial company Magma Fincorp. www.magma.co.in

Lloyds Development Capital has hired Rothschild to advise on a sale of American Golf, a British retailer with 83 locations, according to the FT. The deal could be valued at around £80 million. www.americangolf.co.uk

Nestle Health Science has agreed to acquire Prometheus Laboratories Inc., a San Diego-based drug and diagnostics company. No financial terms were disclosed. Prometheus is in registration for a $100 million IPO, and has raised around $73 million in VC funding from DLJ Merchant Banking Partners (21.4% stake), Split Rock Partners (17.4%), New Leaf Ventures (12.5%), Apax Partners (11%), Wachovia Capital Partners (11%) and Brentwood Venture Capital (7.5%). www.prometheuslabs.com

MONDAY, MAY 23

Bain Capital has withdrawn from the auction for RAC, a roadside assistance business being sold by UK insurer Aviva, according to the FT. Remaining bidders include BC Partners, Carlyle Group and Clayton Dubilier & Rice. The company is expected to go for approximately £1 billion. www.baincapital.com

Bank of Ireland has received investment interest from private equity firms KKRJC Flowers and TPG Capital, according to The Sunday Times. The bank is looking to raise up to €5.2 billion, including €1 billion through a debt for equity swap with subordinated bondholders. www.bankofireland.com

CCMP Capital Advisors has agreed to sponsor a recapitalization of Medpace Inc., a Cincinnati–based clinical research organization providing Phase I-IV services for drug, biologic and device programs. No financial terms were disclosed, although peHUB puts the overall enterprise value at between $400 million and $500 million. www.medpace.com

EQT Partners has acquired Acciona Aparcamientos, a Spanish car park operator, from Acciona SA. No financial terms were disclosed. Acciona Aparcamientos expects 2011 revenue of €22 million. www.eqt.se

Fortune Brands (NYSE: FO) has agreed to sell its golf business, including the Titleist and FootJoy brands, to an investor group led by Fila Korea Ltd. and Mirae Asset Private Equity. The deal is valued at $1.225 billion in cash. www.fortunebrands.com

Kohlberg Kravis Roberts & Co. has agreed to acquire Ipreo LLC, a provider of real-time market intelligence and transaction software for equity and debt issuers and buyers, from Veronis Suhler Stevenson. Reports are that the deal is valued at $425 million in cash.

Umeco (LSE: UMC), a British aerospace parts maker, has agreed to sell its Pattonair  supply chain unit toExponent Private Equity for £109 million. www.exponentpe.com

Versa Capital Management has acquired Ohio Community Media LLC, owner and operator of newspapers and websites that serve communities in northern and western Ohio. No financial terms were disclosed.www.versa.com

Hopu Investment Management has sold 163 million shares of Winsway Coking Coal Holdings (HK: 1733) for approximately US$82 million, or HK$3.92 per share. The sale represented around half of Hopu’s remaining position.

Primus Capital has sold Encore Discovery Solutions , a Kansas City–based provider of e-discovery and related Web hosting services to law firms and corporate legal departments, to EPIQ Systems Inc.(Nasdaq: EPIQ). No financial terms were disclosed. www.primuscapital.com

TPG Capital is in talks to sell its 20% stake in Indian commercial vehicle financier Shriram Transport Finance Co. to Japan’s Orix Corp. for more than $664 million, according to The Economic Times. TPG previously had considered selling the position to Singapore’s Temasek Holdings.

Vision Capital has agreed to acquire Bormioli Rocco, an Italian maker of glass and plastic packaging, fromBanco Popolare. The deal is valued at approximately €238 million. www.visioncapital.com