Private equity deals

February 16, 2012, 8:20 PM UTC
Fortune

TPG Capital has made an informal $821 million offer to buy listed Australian surf-wear maker Billabong International, according to Reuters. www.billabong.com

DBM Geotechnics and Constructions Pvt Ltd., an Indian foundation engineering and marine infrastructure construction company, has raised around $20.3 million in private equity funding from Jacob Ballas Capital.www.jbindia.co.in

Alberta Investment Management Corp. and Callisto Capital have acquired a controlling interest in Town Shoes Ltd., a Canadian specialty footwear retailer. No financial terms were disclosed.www.townshoes.com

L Capital, the private equity arm of luxury goods group LVMH, has acquired an 8% stake in Indian apparel retailer Fabinda from Wolfensohn Capital Partners, according to Reuters. No pricing terms were reported, except that Fabinda is believed to be valued at around $283 million. www.lcapital.eu
H.I.G. Capital has acquired two business units — Brand Addition Ltd. and Kreyer Promotion Service – from British Promotional products supplier 4imprint Group PLC. The deal was valued at approximately £24 million. www.higcapital.com

Hudson Clean Energy Partners
 has acquired a minority stake in GSE Investment Corp., a Chinese operator of solid waste-to-energy and tap water/wastewater treatment projects. No financial terms were disclosed. GSE will continue to be controlled by private equity firm MBK Partnerswww.hudsoncep.com

Thoma Bravo has completed its $1.3 billion take-private acquisition of Blue Coat Systems Inc., a provider of online security and WAN optimization solutions. Teachers’ Private Capital also participated as an equity investor, while Jefferies Finance has committed debt financing. Goldman Sachs had managed the process for Blue Coat. www.bluecoat.com
Want deal news in your inbox each morning? Get Term Sheet!