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Bundy Refrigeration, a portfolio company of Sun Capital Partners, has acquired Sparvel, a Mexican maker of “wire on tube” condensers for the North American refrigeration and appliance market. No financial terms were disclosed.

GP Investments has agreed to acquire approximately 2,000 mobile telephone towers from a Brazilian telecom operator, for approximately US$250 million.

The Sterling Group has agreed to acquire the Dexter Axle from Tomkins Industries Inc., a unit of Pinafore Holdings BV, for an undisclosed amount. Dexter Axle is an Elkhart, Ind.–based manufacturer of trailer axle, brake and suspension assemblies and related replacement parts and components. The deal is expected to close by year-end.

Woongjin Holdings Co.
 of South Korea has filed for receivership, after a deal collapsed to sell a minority stake in its water purification business to MBK Partners for approximately $1.1

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