AXA Private Equity and Intesa Sanpaolo have agreed to jointly acquire a 66% stake in Limacorporate SpA, an Italian designer and maker of orthopedic devices that generated €117 million in 2011 revenue (66% outside of Italy). No financial terms were disclosed. www.axaprivateequity.com

Bellagio, a Chinese casual dining chain, has raised an undisclosed amount of private equity funding fromActis. www.act.is

The Carlyle Group has acquired Walbro Engine Management, a Tucson, Ariz.-based small engine parts manufacturer, from Sun Capital Partners. No financial terms were disclosed. Carlyle funded the deal via its Japan Partners II fund. www.carlyle.com

Clessidra and Proto Organization are among the bidders for Telecom Italia’s media unit, according to the FT. The unit is valued at approximately €270 million, with bids for Telecom Italia’s 78% stake due by last night.

Control Devices LLC, a portfolio company of Corridor Capital, has acquired the operating assets ofKeepFlo Inc., a Fenton, Mo.-based maker of refrigerant distributors, critical components of air conditioning and refrigeration systems. No financial terms were disclosed. www.keepflo.com

K-MAC Holdings Corp., a Fort Smith, Ark.-based Taco Bell franchisee owned by Brentwood Associates, has acquired No Limits LLC, a Missouri-based Taco Bell franchisee that 25 stores. No financial terms were disclosed. Auspex Capital advised No Limit on the sale. www.brentwood.com

Losberger GmbH, a portfolio company of H.I.G. Capital, has acquired the assets of GRAEFF Container und Hallenbau GmbH, a German maker, seller and leaser of steel halls, pavilions and containers. No financial terms were disclosed. GRAEFF generated around €48 million in 2011 revenue and has 85 employees.www.higcapital.com

Sidewinder Drilling Inc., a Houston-based land drilling company controlled by Avista Capital Partners, has agreed to acquire Union Drilling Inc. (Nasdaq: UDRL) for approximately $242 million in cash, or $6.50 per share in cash. Union Drilling is a Fort Worth, Texas-based provider of contract land drilling services and equipment to oil and natural gas producers in the U.S. www.sidewinderdrilling.com

Weld North, an investment platform sponsored by KKR and led by ex-Kaplan CEO Jonathan Grayer, has acquired both Editure Professional Development Inc. and JBHM Education Group. Editure is a New York-based provider of professional development solutions for teachers and school administrators. JBHM is a Jackson, Miss.-based provider of solutions to improve education services within schools. No financial terms were disclosed for either acquisition. www.weldnorth.com

Sign up for Dan’s daily email newsletter on deals and deal-makers: GetTermSheet.com