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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
May 31, 2012, 1:50 PM ET

Sycamore Partners has agreed to acquire women’s apparel retailer The Talbots Inc. (NYSE: TLB) for $369 million, or $2.75 per share in cash. That represents a 113% premium to yesterday’s closing price, and a 786% premium to the closing price on December 6, 2012 – the day before Sycamore’s initial takeover proposal was disclosed.

AXA Private Equity has acquired an undisclosed stake in BulkyPix, a maker of games for smartphones and tablets. No financial terms were disclosed. www.axaprivateequity.com

Bain Capital Partners has agreed to acquire Consolidated Container Co., an Atlanta–based maker of rigid plastic packaging solutions in North America, from Vestar Capital Partners. No financial terms were disclosed. www.cccllc.com

The Edelman Financial Group Inc. (Nasdaq: EF) said that its “go-shop” period has concluded without receiving a superior offer to the $258 million, or $8.85 per share, takeover bid from Lee Equity Partners. The deal is expected to close next quarter. www.edelmanfinancial.com

Emerging Capital Partners has invested an undisclosed amount in Nairobi Java House, a Kenya-based café and casual dining restaurant operator. www.ecpinvestments.com

Levine Leichtman Capital Partners has completed dividend recaps of two companies: Tronair Inc., a maker of ground support equipment for aircraft, raised a $50 million credit facility that was used to refinance existing debt, pay a shareholder dividend and fund working capital; and Global Franchise Group, a brand management company that increased its senior credit facility to $63.5 million, which was used to pay a shareholder dividend and related expenses. www.llcp.com

TPG Capital has held talks to join US Airways Group’s (NYSE: LCC) bid for AMR Corp., the bankrupt parent company of American Airlines, according to Reuters.

Warburg Pincus
has acquired a majority stake in Endurance Energy Ltd., an exploration and production company focused on shallow natural gas assets in the Western Canadian Sedimentary Basin. The total recapitalization was valued at more than C$155 million. www.warburgpincus.com

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By Dan Primack
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