• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

2

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

3

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

1

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

2

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

3

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

Private Equity Deals

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
June 13, 2011, 2:13 PM ET
Add Fortune on Google for similar content.

Avista Capital Partners has acquired Anthony International, a maker of glass doors and related products for the commercial refrigeration market, from Aurora Capital Group. No financial terms were disclosed.www.avistacap.com

Genstar Capital has acquired MW Industries Inc., a Logansport, Ind.-based provider of springs, fasteners and other precision components to various industries. No financial terms were disclosed. Sellers wereBrockway Moran & Partners and CITIC Capital Partners. www.mw-ind.com

Providence Equity Partners is the frontrunner to buy online educational courseware company Blackboard Inc. (Nasdaq: BBBB), according to Bloomberg. Hellman & Friedman has also bid in the process, which is being managed by Barclays Capital. Blackboard has a market cap of around $1.47 billion.www.blackboard.com

SegTel, a provider of fiber optic telecom services in Northern New England, has secured an undisclosed amount of private equity funding from Riverside Partners. The investment is being made via Tech Valley Communications, a Riverside portfolio company. www.riversidepartners.com

 

WEDNESDAY, JUNE 15

Avista Capital Partners has acquired DataBank, a Dallas-based data center operator, from Freeman Group. No financial terms were disclosed. www.databank.com

The Carlyle Group is in talks to acquire a majority stake in SagemCom, a French maker of products for the broadband, set top box and printing industries, from Gores Group, according to Les Echos.www.sagemcom.com

The Gores Group has agreed to acquire Scovill Fasteners, a Clarkesville, Ga.–based maker of engineered closure products, via a bankruptcy proceeding. www.gores.com

Intermedia, a cloud services company owned by Oak Hill Capital Partners, has acquired Zlago, a Washington, D.C.-based provider of cloud services. Zlago founder and CEO Michael Gold has taken over as Intermedia’s president. www.intermedia.net

Smart Modular Technologies (Nasdaq: SMOD), a Newark, Calif.-based chipmaker, said that its “go-shop” period has expired without any alternative acquisition offers to the $645 million bid from Silver Lake Partners and mid-market affiliate Silver Lake Sumeru. Smart Modular did enter into negotiations with two rival suitors, but neither made a formal offer. www.smartm.com

TUESDAY, JUNE 14

Cascades Inc. (TSX: CAS) has agreed to sell two subsidiaries to OpenGate Capital. No financial terms were disclosed. One unit is Cascades Boxboard Group – Connecticut LLC, a paper mill in Versailles, Conn., while the other is Cascades Boxboard US Inc., a converting facility located in Hebron, Kentucky.www.opengatecapital.com

Artissimo Designs Inc., a wall décor platform sponsored by Huron Capital Partners, has acquired Lot 26 Studio Inc., a San Francisco–based adhesive wall decor company. No financial terms were disclosed.www.lot26.com

Express-1 Expedited Solutions Inc. (NYSE Amex: XPO), a St. Joseph, Mich.–based provider of logistics transportation services, has agreed to raise up to $150 million in cash via a private placement. Jacobs Private Equity, the investment vehicle of United Rentals and United Waste Systems founder Bradley Jacobs, would provide up to $135 million, with Jacobs becoming company chairman.www.xpocorporate.com

Lextron, a portfolio company of Leonard Green & Partners, has completed its $111 million cash acquisition of Animal Health International (Nasdaq: AHII), a distributor of animal health products. AHI shareholders include Charlesbank Capital Partners. www.lextronanimalhealth.com

Taiwanese regulators have expressed concern over the rights of minority shareholders in Taiwan electronics components maker Yageo, which has agreed to be acquired for $1.6 billion by KKR, according to Reuters. www.kkr.com

Tengram Capital Partners is investing an undisclosed amount into Robert Graham Holdings LLC, a New York-based eclectic fashion house. In related news, former True Religion Apparel president Michael Buckley has been named CEO of Robert Graham Holdings. www.robertgraham.us

Vaupell Holdings Inc., a Seattle-based portfolio company of H.I.G. Capital, has acquired Russell Plastics Technology Company Inc., a Lindenhurst, N.Y.–based maker of composite plastics products and assemblies for the aerospace and military markets. No financial terms were disclosed. www.vaupell.com

MONDAY, JUNE 13

Avista Capital Partners has agreed to invest up to $125 million into Sidewinder Drilling Inc., a Houston, Texas-based land drilling company. www.sidewinder-drilling.com

The Carlyle Group is in talks to acquire a 25% stake in Indonesia’s GarudaFood from Tudong Group for around $200 million, according to Reuters. It beat out rival bidder Suntory, a Japanese brewer.

Citi Venture Capital International has agreed to acquire Ness Technologies Inc. (Nasdaq: NSTC), a Teaneck, N.J.–based provider of IT and business services and solutions. The deal is valued at approximately $307 million, or $7.75 per share (17.6% premium to last Friday’s closing price). Jefferies & Co. managed the process. www.ness.com

CVC Capital Partners is in exclusive talks to acquire an ownership stake in Virgin Active Ltd., a British fitness club chain, according to the Sunday Times. The deal could value Virgin Active at around £1 billion.

The Jordan Co. has agreed to acquire Pro Mach Inc., a Cincinnati-based maker of packaging machinery solutions for the food, beverage, household goods and pharmaceutical industries. No financial terms were disclosed. The seller is Odyssey Investment Partners. www.promachinc.com

Multi Packaging Solutions Inc., a New York-based print and packaging company owned by Irving Place Capital, has acquired CD Cartondruck AG, a German maker of packaging for the cosmetics, confectionery, consumer and healthcare markets. No financial terms were disclosed. www.multipkg.com

RAE Systems Inc. (AMEX: RAE) shareholders have approved a $2.25 per share (total equity value of nearly $134 million) buyout offer from Vector Capital. www.raesystems.com

Roark Capital has agreed to acquire a majority stake in fast-food restaurant chain Arby’s fromWendy’s/Arby’s Group (NYSE: WEN). The deal includes a $130 million in cash and the assumption of $190 million in debt. Wendy’s will retain an 18.5% equity stake in Arby’s. Wendy’s and Arby’s merged in 2008 as part of a $2.3 billion deal.

Permira has acquired a 61% stake in Netafim Ltd., an Israeli drip irrigation company, according to Globes Online. The deal valued Netafim at around $900 million. www.permira.com

Get prior private equity deals

About the Author
By Dan Primack
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

The CEO who vowed to ‘fire anyone who doesn’t use AI’ admits that the technology can’t replace her executive assistant as the role evolves
AIthe future of work
The CEO who vowed to ‘fire anyone who doesn’t use AI’ admits that the technology can’t replace her executive assistant as the role evolves
By Claire Savage and The Associated PressJuly 5, 2026
2 hours ago
As higher airfares and gas prices make vacations ‘crazy expensive,’ small business owners say Americans are staying closer to home this summer
EconomySmall Business
As higher airfares and gas prices make vacations ‘crazy expensive,’ small business owners say Americans are staying closer to home this summer
By Mae Anderson and The Associated PressJuly 5, 2026
2 hours ago
Trump moves the goalposts for NATO after demanding members spend more. ‘We don’t need their money — we don’t need anything. I just want loyalty’
PoliticsNATO
Trump moves the goalposts for NATO after demanding members spend more. ‘We don’t need their money — we don’t need anything. I just want loyalty’
By Lorne Cook and The Associated PressJuly 5, 2026
3 hours ago
At July 4 speech, Trump stumps for controversial SAVE America Act, which even some Republicans in Congress are challenging
PoliticsDonald Trump
At July 4 speech, Trump stumps for controversial SAVE America Act, which even some Republicans in Congress are challenging
By Steven Sloan, Michelle L. Price and The Associated PressJuly 5, 2026
3 hours ago
Shark Tank’s Kevin O’Leary says if he were 25 today, he’d chase these two booming opportunities in the world of AI
AIEntrepreneurs
Shark Tank’s Kevin O’Leary says if he were 25 today, he’d chase these two booming opportunities in the world of AI
By Marco Quiroz-GutierrezJuly 5, 2026
3 hours ago
Mark Zuckerberg takes business calls on a jet ski wearing his $800 Meta glasses—and insists ‘the other person could not tell’
Big TechMark Zuckerberg
Mark Zuckerberg takes business calls on a jet ski wearing his $800 Meta glasses—and insists ‘the other person could not tell’
By Sydney LakeJuly 5, 2026
5 hours ago

Most Popular

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
Success
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
By Preston ForeJuly 4, 2026
1 day ago
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
Law
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026
3 days ago
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
AI
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
By Nick LichtenbergJuly 3, 2026
2 days ago
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
Success
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
By Orianna Rosa RoyleJuly 3, 2026
2 days ago
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
Economy
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
By Sasha RogelbergJuly 2, 2026
3 days ago
A quarter of young baby boomers and Gen Xers who’ve been laid off in the last decade are still unemployed—and 11% have taken pay cuts to work
Success
A quarter of young baby boomers and Gen Xers who’ve been laid off in the last decade are still unemployed—and 11% have taken pay cuts to work
By Emma BurleighJuly 4, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.