Private Equity Deals

June 6, 2011, 8:50 PM UTC

Advantage Partners has completed its acquisition of GTA TeleGuam, a provider of communications services on Guam, from Shamrock Capital Advisors. No financial terms were disclosed.

Altamont Capital Partners has invested an undisclosed amount of equity in The Robert Allen Group, a New York-based designer and marketer of decorative fabrics and furnishings.

Baron Partners has invested an undisclosed amount in Choice Solar, a Nashville-based provider of solar electricity solutions to commercial properties.

Caja Mediterraneo, a Spanish savings bank, is in talks to raise around €1 billion from a U.S. private equity firm, according to a local newspaper. The PE firm was not identified, although the paper said that both The Carlyle Group and J.C. Flowers could be suitors.

Kohlberg Kravis Roberts & Co. and TPG Capital have opted not to bid on Nokia’s 50% stake in Nokia Siemens Networks, according to the FT. Nokia said it remained in talks with “multiple parties” about selling its position.

Live Nation Entertainment (NYSE: LYV) is in talks to be taken private, according to the NY Post. The discussions so far have been with Liberty Media, Live Nation’s largest shareholder, but some of the funding could come from THL Partners.

Yongye International Inc. (Nasdaq: YONG), a Chinese provider of animal and plant feed, has closed on its $50 million private placement from Morgan Stanley Private Equity Asia. The preferred shares can convert into common at an initial price of $8.80 per share.


Archer Capital has agreed to acquire Australian hospital operator Healthe Care from Champ Ventures for $230 million, according to Australian Financial Review.

The Carlyle Group, General Electric and Siemens are among those bidding to acquire Savcio Holdings, a South African equipment repair company, according to Reuters. The deal could be valued at around $500 million. Savcio is currently owned by Actis and Ethos Private Equity.

Groupe 3S and Groupama Private Equity are in exclusive talks to acquire an 80% stake in the airport ground handling business of Aeroports de Paris (Paris: ADP). The business had 2010 revenue of €141 million.

EQT Partners has agreed to acquire a majority stake in Argos Terminals, the fourth-largest independent mineral oil storage terminal operator in the port of Rotterdam, from the Argos Group. No financial terms were disclosed.

Kohlberg Kravis Roberts & Co. may offer to acquire a minority stake in ING Direct USA, the U.S. online bank of ING Groep, according to Bloomberg. Other suitors include GE Capital and Capital One Financial Corp.

Polygon AB has agreed to acquire Vatro, a German damage control business, from Dutch facilities management company ISS. No financial terms were disclosed. ISS shareholders include EQT Partners and GS Capital Partners.

PRV Aerospace, an Everett, Wash.-based maker of flight-critical components for the commercial aerospace and defense industries, has acquired Quality Forming LLC, a Torrance, Calif.-based manufacturer of sheet metal components and assemblies for the aerospace industry. No pricing terms were disclosed. Bank of America Merrill Lynch provided senior debt. PRV Aerospace is a portfolio company of Platte River Ventures.

TPG Capital and Warburg Pincus are partnering for a bid on General Electric’s railcar business, according to Reuters. The unit has around $3 billion in assets, and also has received interest from Cerberus Capital Management and Apollo Global Management.


AXA Private Equity and Fondi Italiani per le Infrastrutture have agreed to acquire gas distribution company G6 Rete Gas from GDF Suez Energia Italia for €772 million. Banca IMI and Unicredit are providing debt financing.

Najafi Companies, a Phoenix, AZ-based private equity firm, is in talks to buy bankrupt bookseller Borders Group, according to a Wall Street Journal story.

Spectrum Equity Investors has bought a minority stake in SeamlessWeb, an online restaurant ordering service, from Aramark for $50 million. SeamlessWeb was bought by Aramark in 2006.

Express Courier, a Tennessee-based regional delivery services platform sponsored by The Riverside Co., has acquired local rival Alliance1. No financial terms were disclosed.

FTV Capital has acquired a minority stake in Apex Fund Services, a global provider of fund administration solutions to investment managers in traditional and alternative assets, for $30 million.

Najafi Cos. is among those considering a bid to buy a large group of stores owned by bankrupt bookseller Borders Group, according to the WSJ. Gores Group was previously identified as a Borders stores suitor.


ONCAP Management Partners, the mid-market platform of Onex Partners, has acquired Hopkins Manufacturing Corp. from Friend Skoler & Co. No financial terms were disclosed. Hopkins is an Emporia, Kansas-based maker of towing products and functional accessories for the automotive and recreational vehicle aftermarket. BlackArch Partners managed the sale process.

The Artificial Lift Company, a Houston-based provider of rigless electric submersible pump solutions to oil and gas operators, has raised an undisclosed amount of growth funding from Lime Rock

Baring Private Equity Asia has acquired the tertiary education unit of PSB Academy (Singapore) from TUV SAD. No financial terms were disclosed.

Signature Styles LLC, a catalog and online retailer formed in 2009 by Patriarch Partners, has filed for chapter 11 bankruptcy protection. Its brands include Spiegel, Shape Fx and Newport News.


CinvenBridgepoint CapitalEQT Partners and PAI Partners are considering bids for Astra Tech, the medical devices unit of AstraZeneca (NYSE: AZN), according to the Sunday Telegraph.

Citi Venture Capital International reportedly is in talks to acquire global IT services provider Ness Technologies Inc. (Nasdaq: NSTC). The company’s current market cap is around $228

Attends Healthcare Inc., a Greenville, N.C.-based manufacturer and distributor of a complete line of adult incontinence products, has completed a $133 million recapitalization. Most of the new financing will be used to refinance outstanding debt, while $35 million will be used as a distribution to stockholders. Attends is a portfolio company of KPS Capital Partners. This is the company’s second recap.

Eurazeo has acquired a 45% equity stake in upscale French clothier Moncler for €418 million. The Carlyle Group will retain a 17.8% equity stake, while company chairman Remo Ruffini will hold 32%. Moncler had been preparing for an IPO in Milan.

Kenner & Co. has agreed to acquire Dynacast, a Charlotte, N.C.-based maker of die-cast metal parts for various industries, from British manufacturer Melrose PLC. The deal is valued at $590 million in cash.