Private equity deals

June 18, 2012, 5:53 PM UTC

Centerbridge Capital Partners has sponsored a majority recapitalization of Watequip LLC, a Cleveland-based maker of waste handling equipment. No financial terms were disclosed. The deal wipes the equity stake of Wastequip backers like Odyssey Investment Partners. In related news, former Dana Corp. executive Marty Bryant will succeed John Scott as Wastequip CEO.

Clayton, Dubilier & Rice is among several private equity firms to submit a buyout bid for Los Angeles-based asset manager TCW Group, which is being sold off by Societe Generale, according to Bloomberg. The deal could be valued at upwards of $700 million. TCW reportedly manages around $128 billion in assets.

EQT Partners and ATP have pulled Danish IT group KMD from the auction block after failing to garner adequate bids, according to Reuters. The sellers had been seeking around €700 million, with Advent International and Nordic Capital reported to have expressed interest.

Evergreen Pacific Partners has acquired Thermal Dynamics, an Ontario, Calif.-based provider of heat exchangers for the automotive, truck, motorcycles, and military equipment industries. No financial terms were disclosed.

GlendonTodd Capital has acquired Aztec Systems Inc., a Carrollton, Texas–based provider of IT outsourcing and otherenterprise technology solutions to U.S. mid-market companies. No financial terms were disclosed.

Incline Equity Partners has sponsored a recapitalization of Dorner Manufacturing Corp., a Hartland, Wis.-based maker of unit handling conveyor systems and components. No financial terms were disclosed.

LLR Partners has invested an undisclosed amount in Ultimus Fund Solutions LLC, a Cincinnati-based provider of fund accounting, fund administration, distribution, transfer agent and shareholder services to the mutual fund industry. No financial terms were disclosed.

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