Apollo Global Management and Spectrum Brands Holdings Inc. (NYSE: SPB) are the frontrunners to acquire the door lock and bath fixtures unit of Stanley Black & Decker Inc. (NYSE: SWK), according to Reuters. The deal could be valued at around $1.5 billion, with Goldman Sachs managing the process. www.stanleyblackanddecker.com
The Edelman Financial Group Inc. (Nasdaq: EF) shareholders have approved a $258 million, or $8.85 per share, takeover bid from Lee Equity Partners. The deal is expected to close next week. www.edelmanfinancial.com
Epicor, a portfolio company of Apax Partners, has agreed to acquire Solarsoft Business Systems, a British provider of enterprise software for mid-sized manufacturing and distribution companies, from Marlin Equity Partners. No financial terms were disclosed for the deal, which is expected to close within the next 45 days. www.epicor.com
Kinderhook Industries has acquired Rizzo Services Inc., a Sterling Heights, Mich.-based provider of municipal solid waste collection services in Southeast Michigan. No financial terms were disclosed. www.rizzoservices.com
Kohlberg Kravis Roberts & Co., Beecken Petty O’Keefe & Co. and Coastwood Senior Housing Partners have agreed to acquire the management company business of Sunrise Senior Living Inc. (NYSE: SRZ) for approximately $130 million. The deal would close just prior to Health Care REIT Inc.’s (NYSE: HCN) previously announced $845 million acquisition of Sunrise Senior Living, with Health Care REIT to invest $26 million for a 20% interest in the management company business. www.kkr.com
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