Private equity deals

December 9, 2011, 7:47 PM UTC

Thoma Bravo has agreed to acquire Blue Coat Systems Inc. (Nasdaq: BCSI), a –based provider of online security and WAN optimization solutions. The deal is valued at $1.3 billion, or $25.81 per share (48% premium to yesterday’s closing price). Teachers’ Private Capital also is participating as an equity investor, while Jefferies Finance has committed debt financing. Goldman Sachs is managing the process for Blue Coat.

The Gores Group has completed its previously-announced acquisition of Alpheus Communications, a Houston-based fiber optic and data center operator, from Genesis Park and El Paso Corp. No financial terms were disclosed.

OppenheimerFunds, the largest institutional shareholder in Talbots Inc. (NYSE: TLB), said that a $212 million offer for the struggling retailer from Sycamore Partners is “very low.”

Shaner Capital has acquired Metal Foundations, a Pittsburgh-based designer and installer of metal building foundations. No financial terms were disclosed.

Sun Capital Partners has agreed to acquire German retail chain Strauss Innovation from EQT Partners and the founding Geringhoff family. No financial terms were disclosed. Strauss is a private-label retail chain with approximately 100 stores in Germany and around 1,100 employees.

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