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Private equity deals

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
October 3, 2011, 1:48 PM ET

Ares Capital has offered to acquire discount retailer 99 Cents Only Stores (NYSE: NDN) for around $22 per share, according to the NY Post. This would top an existing offer from Leonard Green & Partners, which is believed to be nearly $20 per share, or $1.41 billion. www.99only.com

WestView Capital Partners has sponsored a recapitalization of LDiscovery LLC, a McLean, Va.-based provider of e-discovery management solutions. No financial terms were disclosed. www.ldiscovery.net

THURSDAY, OCTOBER 6

American Auto Auction Group, a portfolio company of Baird Private Equity, has acquired Your Auction Inc., an independent auto auction operator in Florida and Alabama. No financial terms were disclosed.www.americanautoauctiongroup.com

Catterton Partners has invested an undisclosed amount in ClearChoice Holdings, a Greenwood Village, Colo.-based provider of administrative and non-clinical services to 31 dental implant centers.www.clearchoice.com

CyberCore Technologies
, an Elkridge, Md.-based provider of IT services to the federal government and intelligence communities, has raised an undisclosed amount of equity funding from Paladin Capital Group. Cybercore was recently acquired by Moelis Capital Partners. www.cybercoretech.com

Sentinel Capital Partners
 has sponsored a recapitalization of National Spine & Pain Centers, a Rockville, Md.-based provider of management services to physicians specializing in interventional pain management procedures for back and neck pain. No financial terms were disclosed. www.sentinelcap.com

Warburg Pincus
 has agreed to invest up to $150 million in Explora Petroleum AS, a newly-formed oil and gas exploration company focused on the Norwegian Continental Shelf. www.warburgpincus.com

WEDNESDAY, OCTOBER 5

The Carlyle Group has acquired a control stake in WorldStrides, a Charlottesville, Va.-based provider of supplemental educational student travel programs. No financial terms were disclosed. Sellers Charlesbank Capital Partners and Silverhawk Capital Partners will each retain minority equity positions. www.carlyle.com

Providence Equity Partners has completed its $1.64 billion take-private buyout of Blackboard Inc., a Washington, D.C.-based provider of technology solutions for education. Steve Alesio, former Dun & Bradstreet CEO and a senior advisor to Providence Equity, will become Blackboard’s chairman.www.blackboard.com

Advent International and Bain Capital are among possible bidders for payments company Point International, according to Reuters. Point is currently owned by Nordic Capital, and could be worth around $930 million. Firms that have dropped out of the process include EQT Partners, TPG Capital and Charterhouse Capital Partners.

Avaya, a portfolio company of Silver Lake Partners and TPG Capital, has acquired Sipera, a Richardson, Texas-based provider of unified communications solutions that include session border control. No financial terms were disclosed. Sipera had raised  over $40 million in VC funding from S3 Ventures, Austin Ventures, Duchossois Technology Partners, Sequoia Capital and STAR Ventures. www.avaya.com

The Carlyle Group
 is nearing a deal to acquire a 48% stake in Turkey’s Bahcesehir K-12 Schools, according to Dow Jones. No financial terms were reported. www.carlyle.com

The Carlyle Group has acquired a 9% stake in India Infoline, an Indian financial services company, for approximately $38 million. www.carlyle.com

Svoboda Capital Partners has led a recapitalization of GPA, a McCook, Ill.-based provider of specialty printable substrate solutions. No pricing terms were disclosed. Ellipse Capital and Northstar Capital also participated on the equity tranche, while PNC Bank provided senior debt and Northstar provided sub debt.www.askgpa.com

Wells Fargo & Co. has sold H.D. Vest Financial Services, an Irving, Texas-based broker/dealer for retail investors through tax professionals, to an investor group that includes Parthenon Capital Partners, Lovell Minnick Partners and Fisher Lynch. www.hdvest.com

TUESDAY, OCTOBER 4

Onex Partners has completed its previously announced acquisition of Jeld-Wen Holding Inc., a Klamath Falls, Ore.-based residential door and window manufacturer. The deal is valued at $871 million. www.jeld-wen.com

Abengoa, a listed Spanish developer of solar-thermal power plants, has raised EUR 300 million in private equity funding from First Reserve Corp.

CI Capital Partners has acquired Galls Inc. from Aramark Corp. for an undisclosed amount. Galls is a Lexington, Ky.-based marketer and distributor of public safety, first responder and private security products. It reports $163 million in annual revenue. www.galls.com

CLSA Capital Partners has acquired a minority stake in Indian test prep company Renosance Eduventures for $22 million. www.clsacapital.com

Frazier Healthcare and New Enterprise Associates have agreed to acquire 30 dialysis clinics from DaVita (NYSE: DVA) and DSI Renal (which DaVita acquired earlier this year). No financial terms were disclosed. The centers will be placed into a new platform called DSI, which  will be led by former Odyssey Healthcare CEO Robert Lefton. www.nea.com

Teachers’ Private Capital has acquired a majority stake in Flexera Software, a Schaumburg, Ill.-based provider of application usage management solutions, from Thoma Bravo. No financial terms were disclosed. Thoma Bravo will retain a minority ownership position. www.flexerasoftware.com

Tech Valley Communications, an Albany, N.Y.-based portfolio company of Riverside Partners, has acquired SegTel, a Lebanon, N.H.-based provider of fiber optic telecom services to carrier, wholesale and large enterprise customers. www.valleytechcom.com

Tiburon Inc., a Pleasanton, Calif.-based provider of automated public safety and security solutions, has raised an undisclosed amount of new equity funding from owner The Gores Group. www.tiburoninc.com

Vero Systems
, a portfolio company of Battery Ventures, has acquired Planit from August Equity. Planit is a British developer of CAD/CAM software for the specialist manufacturing sector. No financial terms were disclosed. Harris Williams & Co. managed the sale process. www.planit.com

MONDAY, OCTOBER 3

The Carlyle Group and Hellman & Friedman have agreed to acquire Pharmaceutical Product Development Inc. (Nasdaq: PPDI) for $3.9 billion, or $33.25 per share (29.6% premium to Friday’s closing price. PPDI is a Wilmington, N.C.-based global contract research organization for the life sciences market. www.carlyle.com

Actis has led a buyout of Tracker, a South African vehicle tracking company, from Remgro for approximately $485 million. Other participants included the Mineworkers Investment Co. and existing Tracker shareholder FirstRand. www.act.is

Clayton, Dubilier & Rice has completed its acquisition of a 60% stake in Hussmann from Ingersoll-Rand(NYSE:IR) for approximately $370 million. Ingersoll-Rand will retain a 40% equity interest in Hussmann, a Bridgeton, Mo.-based maker of refrigeration and food merchandising equipment. www.hussmann.com

Leonard Green & Partners and CVC Capital Partners have completed their $2.8 billion take-private acquisition of BJ’s Wholesale Club Inc. www.bjs.com

National Healing Corp., a Nashville, Tenn.-based provider of wound and disease management solutions for hospitals, has agreed to acquire Jacksonville, Fla.-based Diversified Clinical Services for an undisclosed amount. National Healing owner Metalmark Capital is providing financing for the deal, and will retain majority ownership in the combined company. The Jordan Company will sell its stake in Diversified Clinical Services. www.nationalhealing.com

Newton Energy Partners, a Texas-based portfolio company of Kayne Anderson Energy Funds, has acquired MEC Operating Company ULC, owner of five oil fields located near Edmonton, Alberta. No financial terms were disclosed. www.kaynecapital.com

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