Private equity deals

August 16, 2012, 6:02 PM UTC

Clayton, Dubilier & Rice has agreed to acquire the decorative surfaces business of Illinois Tool Works Inc. (NYSE: ITW) for $395 million. The newly-independent company will be known as Wilsonart International Holdings, with ITW retaining a minority equity stake.

Centre Lane Partners has acquired Winston Salem, N.C.-based Oracle Flexible Packaging Inc. from Pinnacle Packaging Co. for an undisclosed amount. Centre Lane will merge Oracle with existing portfolio company LLFlex.

Energy Capital Partners has sponsored a recapitalization of Chieftain Sand and Proppant LLC, a Garland, Ariz.-based producer of frac sand. No financial terms were disclosed for the deal, which ECP did through its mezzanine opportunities fund.

Friedman Fleischer & Lowe has invested an undisclosed amount into Strategic Investment Group, an Arlington, Va.-based provider of investment outsourcing services for institutional and private investors.

Lightyear Capital has completed its previously-announced acquisition of the Healthcare Benefit Solutions group of Fidelity National Information Services (NYSE: FIS) for $335 million.

MBK Partners has agreed to acquire a 28.4% stake in Woongjin Coway Co., a South Korean maker of water purification systems, from listed Woongjin Holdings, according to Reuters. The deal is valued at approximately $1.1 billion.

Odyssey Investment Partners has acquired Pexco LLC, an Alpharetta, Ga.–based provider of custm extruded plastic products, from Saw Mill Capital. No financial terms were disclosed.

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