Private equity deals

May 30, 2012, 5:12 PM UTC

The Gores Group has terminated a $1 billion take-private acquisition of The Pep Boys – Manny, Moe & Jack (NYSE: PBY), after Pep Boys reported a $4.4 million Q1 loss that Gores argued could constitute a material adverse change. As part of the termination, Gores will pay Pep Boys a $50 million fee, plus reimburse certain deal-related expenses.

BTG Pactual Participations, a private equity arm of Brazilian investment bank BTG Pactual, has agreed to acquire a 35.9% stake in Leader Participacoes SA, a Brazilian furniture and clothing retailer. The deal is valued at approximately $281 million in cash.

CVCI Private Equity and an affiliate of Thai Strategic Capital have acquired around a one-third stake inWuttisak Clinic Inter Group Co Ltd., a Thai skincare company, according to Reuters. The deal was valued at nearly $100 million.

Daewoo International Corp. and Korea Asset Management have received several bids for their positions in South Korea-based Kyobo Life Insurance, according to Reuters. The combined stakes could be worth upwards of $1.4 billion, with suitors including Ontario Teachers Pension Plan, The Carlyle Group with a UAE sovereign wealth fund and the Government of Singapore Investment Corp. (GIC) with Affinity Equity Partners.

Focus Pointe Global, a Philadelphia-based provider of marketing research data collection, has raised an undisclosed amount of funding from MVC Private Equity

GS Capital Partners and P2 Capital Partners have agreed to acquire Interline Brands Inc. (NYSE: IBI), a Jacksonville, Fla.–based distributor and direct marketer of broad-line maintenance, repair and operations products. The deal is valued at approximately $1.1 billion, or $25.50 per share (42% premium to last Friday’s closing price). Barclays managed the process for Interline.

Quark, a Denver-based publishing software company acquired last year by Platinum Equity, has acquiredMobile IQ, a Boulder, Colo.-based creator of a cloud-based digital publishing solution called PressRunTM. No financial terms were disclosed.

Lighting Science Group Corp.
 (OTC BB: LSCG), a Satellite Beach, Fla.-based LED lighting manufacturer, has secured around $88 million in new equity funding. It also generated another $52 million via the conversion of existing bridge financing. Riverwood Capital led the deal, and was joined by LSGC majority owner Pegasus Capital

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