Private equity deals

August 1, 2012, 5:53 PM UTC

4RF Ltd., a New Zealand-based developer of radio communications equipment for critical infrastructure applications, has raised an undisclosed amount of private equity funding from Fortissimo Capital.

Bain Capital and TPG Capital may be part of a private equity group looking to acquire lab-testing company Laboratory Corporation of America Holdings (NYSE: LH), according to MergerMarket. Lab Corp. has a current market cap of more than $8 billion.

Drew Marine, a portfolio company of J.F. Lehman & Co., has completed its previously announced acquisition of the maritime interests of Chemring Group PLC for £32 million in cash.

LIG Nex1, a South Korean maker of precision electronic systems for the defense market, has received buyout bids from four local private equity funds and a European strategic, according to the Korea Economic Daily. The deal could be valued at upwards of $400 million, based on earlier Reuters reports. Citigroup is managing the process.

Odyssey Investment Partners has acquired Integrated Power Services, a Greenville, S.C.–based provider of maintenance and repair services for electric motors and generators, from The Riverside Company. No financial terms were disclosed. Harris Williams & Co. advised IPS on the transaction.

Pamlico Capital has acquired a majority interest in TekLinks, a Birmingham, Ala.-based provider of managed and hosted IT services to businesses in the Southeastern U.S. No financial terms were disclosed. Sellers include Symmetric Capital. In related news, former NuVox Communications CEO Jim Akerhielm has been named CEO of TekLinks.

Taco Mac, an Atlanta-based casual dining restaurant chain, has raised an undisclosed amount of growth equity funding from CIC Group. Arlington Capital Advisors and Burch & Co. advised Taco Mac on the deal.

Tenex Capital Management has acquired NAP GLADU, a Jasper Ind.–based provider of cutting tools and services for the wood, metal and advanced materials industries in North America. No financial terms were disclosed.

Xand, a portfolio company of ABRY Partners, has acquired Bethlehem, Penn.-based data center company DBSI for an undisclosed amount.

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